Symmetry Investments LP Purchases 4,129 Shares of United Rentals, Inc. (NYSE:URI)

Symmetry Investments LP lifted its holdings in United Rentals, Inc. (NYSE:URI) by 107.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,976 shares of the construction company’s stock after buying an additional 4,129 shares during the period. Symmetry Investments LP’s holdings in United Rentals were worth $5,619,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of URI. GHP Investment Advisors Inc. raised its stake in shares of United Rentals by 6.3% during the 4th quarter. GHP Investment Advisors Inc. now owns 14,855 shares of the construction company’s stock worth $10,464,000 after purchasing an additional 877 shares during the period. Charles Schwab Investment Management Inc. raised its position in United Rentals by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 445,214 shares of the construction company’s stock worth $313,627,000 after acquiring an additional 6,787 shares during the period. Fiduciary Alliance LLC grew its position in shares of United Rentals by 196.5% during the 4th quarter. Fiduciary Alliance LLC now owns 1,420 shares of the construction company’s stock valued at $1,000,000 after acquiring an additional 941 shares during the period. Blueshift Asset Management LLC bought a new position in shares of United Rentals during the 4th quarter valued at approximately $649,000. Finally, Nordea Investment Management AB increased its stake in shares of United Rentals by 7.6% during the 4th quarter. Nordea Investment Management AB now owns 732,954 shares of the construction company’s stock worth $517,018,000 after purchasing an additional 52,037 shares during the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at United Rentals

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the completion of the sale, the chief financial officer now owns 6,880 shares of the company’s stock, valued at $4,390,128. This represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.53% of the company’s stock.

Analysts Set New Price Targets

URI has been the subject of a number of recent research reports. Evercore ISI decreased their target price on United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Robert W. Baird upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective on the stock in a research note on Tuesday, January 14th. Sanford C. Bernstein raised shares of United Rentals from an “underperform” rating to a “market perform” rating and dropped their price objective for the company from $705.00 to $666.00 in a report on Tuesday, March 25th. JPMorgan Chase & Co. reduced their target price on shares of United Rentals from $1,000.00 to $750.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Finally, Truist Financial cut their price objective on shares of United Rentals from $956.00 to $732.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, United Rentals presently has a consensus rating of “Moderate Buy” and an average target price of $729.79.

United Rentals Stock Up 0.6 %

URI stock opened at $573.94 on Wednesday. The company’s 50 day moving average is $622.56 and its 200 day moving average is $730.18. The stock has a market cap of $37.50 billion, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 1.43 and a beta of 1.72. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $896.98.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. Sell-side analysts predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a $1.79 dividend. This is a boost from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Wednesday, February 12th. United Rentals’s dividend payout ratio is presently 18.48%.

United Rentals Company Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.