Delta Investment Management LLC Grows Holdings in United Rentals, Inc. (NYSE:URI)

Delta Investment Management LLC boosted its stake in United Rentals, Inc. (NYSE:URI) by 8.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 968 shares of the construction company’s stock after purchasing an additional 73 shares during the period. Delta Investment Management LLC’s holdings in United Rentals were worth $682,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in URI. Rialto Wealth Management LLC purchased a new stake in shares of United Rentals in the fourth quarter worth about $25,000. Murphy & Mullick Capital Management Corp bought a new stake in United Rentals in the fourth quarter valued at approximately $27,000. Meeder Asset Management Inc. increased its position in shares of United Rentals by 241.7% in the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company’s stock valued at $29,000 after acquiring an additional 29 shares during the period. Hanson & Doremus Investment Management bought a new position in shares of United Rentals during the fourth quarter valued at approximately $33,000. Finally, Kestra Investment Management LLC bought a new position in United Rentals in the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

URI has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their target price on shares of United Rentals from $1,000.00 to $750.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Morgan Stanley upgraded shares of United Rentals from an “equal weight” rating to an “overweight” rating and set a $702.00 target price for the company in a research report on Wednesday, April 16th. 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 research report on Tuesday, March 25th. Bank of America decreased their price objective on shares of United Rentals from $850.00 to $750.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Finally, Truist Financial boosted their price target on United Rentals from $732.00 to $786.00 and gave the stock a “buy” rating in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $744.31.

Insiders Place Their Bets

In other 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 transaction of $688,908.00. Following the completion of the sale, the executive vice president now owns 8,748 shares in the company, valued at approximately $5,478,697.44. This represents a 11.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Andrew B. Limoges sold 708 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $705.86, for a total value of $499,748.88. Following the completion of the sale, the vice president now owns 1,921 shares of the company’s stock, valued at approximately $1,355,957.06. This trade represents a 26.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,908 shares of company stock worth $1,890,567 in the last ninety days. 0.53% of the stock is owned by company insiders.

United Rentals Trading Down 0.2%

Shares of URI stock opened at $724.19 on Tuesday. The company has a market cap of $47.07 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 1.43 and a beta of 1.70. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The stock’s 50 day simple moving average is $629.05 and its two-hundred day simple moving average is $709.03. 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, April 23rd. The construction company reported $8.86 earnings per share for the quarter, missing analysts’ consensus estimates of $8.92 by ($0.06). The firm had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.61 billion. United Rentals had a return on equity of 34.21% and a net margin of 16.78%. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the company earned $9.15 earnings per share. Research analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Wednesday, May 14th. United Rentals’s dividend payout ratio (DPR) is presently 18.54%.

About United Rentals

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.