469,861 Shares in United Rentals, Inc. (NYSE:URI) Purchased by Leigh Baldwin & CO. LLC

Leigh Baldwin & CO. LLC acquired a new stake in shares of United Rentals, Inc. (NYSE:URI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 469,861 shares of the construction company’s stock, valued at approximately $330,989,000. United Rentals accounts for about 1.7% of Leigh Baldwin & CO. LLC’s holdings, making the stock its 14th largest holding. Leigh Baldwin & CO. LLC owned 0.72% of United Rentals as of its most recent SEC filing.

Several other large investors have also modified their holdings of URI. Principal Financial Group Inc. increased its holdings in United Rentals by 3.3% in the third quarter. Principal Financial Group Inc. now owns 79,235 shares of the construction company’s stock valued at $64,159,000 after buying an additional 2,554 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in United Rentals by 15.4% during the third quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company’s stock worth $637,968,000 after buying an additional 105,287 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of United Rentals by 2.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,662 shares of the construction company’s stock valued at $3,989,000 after purchasing an additional 130 shares during the period. Czech National Bank boosted its stake in United Rentals by 4.9% in the 4th quarter. Czech National Bank now owns 14,229 shares of the construction company’s stock worth $10,023,000 after purchasing an additional 664 shares during the period. Finally, Fiduciary Alliance LLC boosted its position in shares of United Rentals by 196.5% in the fourth quarter. Fiduciary Alliance LLC now owns 1,420 shares of the construction company’s stock worth $1,000,000 after buying an additional 941 shares during the period. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at United Rentals

In related news, EVP Michael D. Durand sold 1,100 shares of the stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total value of $688,908.00. Following the transaction, the executive vice president now owns 8,748 shares of the company’s stock, valued at $5,478,697.44. This represents a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.53% of the company’s stock.

United Rentals Stock Up 0.4%

URI opened at $672.53 on Monday. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $896.98. The stock has a market capitalization of $43.71 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 1.43 and a beta of 1.70. The firm has a 50 day moving average price of $616.74 and a 200-day moving average price of $712.90.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 earnings per share for the quarter, missing the consensus estimate of $8.92 by ($0.06). The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. United Rentals had a return on equity of 34.21% and a net margin of 16.78%. The company’s revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $9.15 earnings per share. Equities research analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Wednesday, May 14th. United Rentals’s dividend payout ratio (DPR) is presently 18.54%.

Wall Street Analyst Weigh In

Several brokerages recently commented on URI. Truist Financial raised their target price on United Rentals from $732.00 to $786.00 and gave the stock a “buy” rating in a research report on Friday, April 25th. Bank of America lowered their target price on United Rentals from $850.00 to $750.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Sanford C. Bernstein upgraded United Rentals from an “underperform” rating to a “market perform” rating and reduced their price target for the stock from $705.00 to $666.00 in a report on Tuesday, March 25th. Cfra Research raised shares of United Rentals to a “strong-buy” rating in a report on Friday, April 25th. Finally, Robert W. Baird upped their target price on United Rentals from $535.00 to $571.00 and gave the stock a “neutral” rating in a research note on Friday, April 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $725.69.

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.