Signaturefd LLC Has $852,000 Position in United Rentals, Inc. (NYSE:URI)

Signaturefd LLC raised its stake in United Rentals, Inc. (NYSE:URI) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,485 shares of the construction company’s stock after acquiring an additional 30 shares during the quarter. Signaturefd LLC’s holdings in United Rentals were worth $852,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of URI. AdvisorNet Financial Inc boosted its stake in shares of United Rentals by 71.4% during the fourth quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock valued at $28,000 after purchasing an additional 20 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of United Rentals during the third quarter worth $25,000. NBC Securities Inc. bought a new position in United Rentals during the third quarter worth $29,000. Arlington Trust Co LLC lifted its holdings in United Rentals by 50.0% in the fourth quarter. Arlington Trust Co LLC now owns 84 shares of the construction company’s stock valued at $48,000 after buying an additional 28 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in United Rentals during the third quarter worth $40,000. Institutional investors own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on URI shares. Robert W. Baird raised their target price on United Rentals from $322.00 to $559.00 and gave the company an “underperform” rating in a research note on Friday, January 26th. Evercore ISI upped their target price on shares of United Rentals from $575.00 to $740.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. Barclays boosted their price objective on United Rentals from $325.00 to $400.00 and gave the stock an “underweight” rating in a report on Friday, January 26th. BNP Paribas restated an “underperform” rating and set a $485.00 price objective on shares of United Rentals in a research note on Friday, January 5th. Finally, Wells Fargo & Company upped their target price on shares of United Rentals from $630.00 to $710.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, United Rentals presently has a consensus rating of “Hold” and an average target price of $589.21.

United Rentals Stock Up 0.2 %

URI stock opened at $629.30 on Tuesday. The stock has a fifty day moving average of $679.24 and a 200-day moving average of $573.90. United Rentals, Inc. has a fifty-two week low of $325.15 and a fifty-two week high of $732.37. The company has a market capitalization of $42.27 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 2.18 and a beta of 1.84. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.75 and a current ratio of 0.81.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, January 24th. The construction company reported $11.26 earnings per share for the quarter, topping the consensus estimate of $10.85 by $0.41. The firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.63 billion. United Rentals had a net margin of 16.91% and a return on equity of 36.80%. The company’s revenue was up 13.1% on a year-over-year basis. During the same quarter last year, the company earned $9.74 earnings per share. As a group, equities research analysts predict that United Rentals, Inc. will post 43.13 earnings per share for the current year.

United Rentals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were issued a $1.63 dividend. This is a positive change from United Rentals’s previous quarterly dividend of $1.48. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date was Tuesday, February 13th. United Rentals’s dividend payout ratio (DPR) is presently 18.44%.

United Rentals declared that its Board of Directors has approved a stock repurchase program on Wednesday, January 24th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the construction company to repurchase up to 3.8% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In other United Rentals news, CFO William E. Grace sold 775 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $655.62, for a total value of $508,105.50. Following the sale, the chief financial officer now owns 6,323 shares of the company’s stock, valued at approximately $4,145,485.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.49% of the stock is owned by company insiders.

United Rentals 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.