Arrowstreet Capital Limited Partnership Takes Position in United Rentals, Inc. $URI

Arrowstreet Capital Limited Partnership acquired a new position in shares of United Rentals, Inc. (NYSE:URI) in the 4th quarter, Holdings Channel reports. The fund acquired 127,199 shares of the construction company’s stock, valued at approximately $102,945,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Abich Financial Wealth Management LLC acquired a new position in shares of United Rentals during the third quarter worth about $29,000. Aventura Private Wealth LLC acquired a new position in shares of United Rentals during the fourth quarter worth about $27,000. Core Wealth Advisors LLC acquired a new position in shares of United Rentals during the fourth quarter worth about $28,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of United Rentals in the third quarter valued at about $35,000. Finally, Board of the Pension Protection Fund bought a new stake in United Rentals during the fourth quarter worth about $32,000. 96.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at United Rentals

In other United Rentals news, EVP Craig Adam Pintoff sold 2,466 shares of the firm’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $963.00, for a total value of $2,374,758.00. Following the completion of the transaction, the executive vice president directly owned 14,774 shares of the company’s stock, valued at $14,227,362. This trade represents a 14.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew John Flannery sold 22,768 shares of the firm’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $984.98, for a total transaction of $22,426,024.64. Following the completion of the transaction, the chief executive officer directly owned 99,980 shares of the company’s stock, valued at approximately $98,478,300.40. The trade was a 18.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,088 shares of company stock valued at $25,628,877 over the last 90 days. 0.47% of the stock is currently owned by corporate insiders.

United Rentals Price Performance

URI stock opened at $1,082.43 on Tuesday. The stock has a market capitalization of $67.81 billion, a PE ratio of 27.61, a price-to-earnings-growth ratio of 1.70 and a beta of 1.81. The company’s 50-day moving average is $927.44 and its 200-day moving average is $864.50. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.74. United Rentals, Inc. has a 1 year low of $682.08 and a 1 year high of $1,106.88.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing the consensus estimate of $11.47 by ($1.76). United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the previous year, the business posted $8.86 EPS. United Rentals’s revenue was up 7.2% compared to the same quarter last year. Equities research analysts expect that United Rentals, Inc. will post 47.26 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were paid a $1.97 dividend. This represents a $7.88 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, May 13th. United Rentals’s payout ratio is currently 20.10%.

Analysts Set New Price Targets

URI has been the subject of several recent research reports. Raymond James Financial reiterated an “outperform” rating and issued a $1,275.00 price target on shares of United Rentals in a research note on Wednesday, June 10th. Truist Financial set a $1,209.00 price target on United Rentals in a research note on Friday, April 24th. Evercore reiterated an “outperform” rating and issued a $1,101.00 price target on shares of United Rentals in a research note on Monday, May 11th. Citigroup upped their target price on United Rentals from $950.00 to $1,130.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Finally, JPMorgan Chase & Co. upped their target price on United Rentals from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Thirteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,045.81.

United Rentals Company Profile

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.