Sapient Capital LLC Has $10.70 Million Stake in United Rentals, Inc. $URI

Sapient Capital LLC decreased its position in shares of United Rentals, Inc. (NYSE:URI) by 4.6% during the 4th quarter, HoldingsChannel reports. The fund owned 13,098 shares of the construction company’s stock after selling 636 shares during the period. Sapient Capital LLC’s holdings in United Rentals were worth $10,697,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Abich Financial Wealth Management LLC acquired a new stake in shares of United Rentals during the 3rd quarter valued at $29,000. Aventura Private Wealth LLC acquired a new stake in shares of United Rentals during the 4th quarter valued at $27,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of United Rentals during the 3rd quarter valued at $35,000. Board of the Pension Protection Fund bought a new position in United Rentals during the 4th quarter worth $32,000. Finally, Laurel Wealth Advisors LLC bought a new position in United Rentals during the 4th quarter worth $32,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insiders Place Their Bets

In other news, VP Andrew B. Limoges sold 548 shares of United Rentals stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $977.86, for a total value of $535,867.28. Following the completion of the transaction, the vice president directly owned 1,865 shares of the company’s stock, valued at approximately $1,823,708.90. This trade represents a 22.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Joli L. Gross sold 306 shares of United Rentals stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $954.99, for a total value of $292,226.94. Following the completion of the transaction, the senior vice president directly owned 5,738 shares of the company’s stock, valued at approximately $5,479,732.62. This trade represents a 5.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 26,088 shares of company stock valued at $25,628,877. Insiders own 0.47% of the company’s stock.

United Rentals Stock Performance

URI stock opened at $961.22 on Monday. The stock has a 50-day moving average price of $818.01 and a 200-day moving average price of $838.75. United Rentals, Inc. has a 1-year low of $681.98 and a 1-year high of $1,021.47. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37. The firm has a market cap of $60.22 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 1.53 and a beta of 1.83.

United Rentals (NYSE:URI) last posted its quarterly earnings data 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 return on equity of 30.56% and a net margin of 15.32%.The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same period last year, the business posted $8.86 earnings per share. The business’s revenue was up 7.2% on a year-over-year basis. As a group, equities research analysts expect that United Rentals, Inc. will post 47.07 earnings per share for the current year.

United Rentals declared that its board has authorized a stock buyback program on Wednesday, January 28th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the construction company to purchase up to 8.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th will be given a $1.97 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $7.88 annualized dividend and a dividend yield of 0.8%. United Rentals’s dividend payout ratio (DPR) is 20.10%.

Analysts Set New Price Targets

Several brokerages recently issued reports on URI. Truist Financial set a $1,209.00 target price on United Rentals in a research report on Friday, April 24th. Robert W. Baird raised their target price on United Rentals from $970.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Sanford C. Bernstein set a $903.00 target price on United Rentals and gave the stock an “outperform” rating in a research report on Thursday, April 9th. Citigroup raised their target price on United Rentals from $950.00 to $1,130.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Finally, Barclays raised their target price on United Rentals from $600.00 to $715.00 and gave the stock an “underweight” rating in a research report on Friday, April 24th. Thirteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, United Rentals has a consensus rating of “Moderate Buy” and a consensus price target of $996.94.

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.