Signet Financial Management LLC Trims Holdings in United Rentals, Inc. (NYSE:URI)

Signet Financial Management LLC trimmed its stake in shares of United Rentals, Inc. (NYSE:URI) by 0.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,936 shares of the construction company’s stock after selling 17 shares during the period. United Rentals comprises 1.2% of Signet Financial Management LLC’s holdings, making the stock its 14th largest position. Signet Financial Management LLC’s holdings in United Rentals were worth $7,991,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ballentine Partners LLC grew its holdings in United Rentals by 2.1% during the fourth quarter. Ballentine Partners LLC now owns 889 shares of the construction company’s stock worth $510,000 after acquiring an additional 18 shares during the period. DGS Capital Management LLC grew its holdings in United Rentals by 1.3% in the fourth quarter. DGS Capital Management LLC now owns 1,441 shares of the construction company’s stock valued at $827,000 after purchasing an additional 18 shares during the period. Oak Ridge Investments LLC grew its holdings in United Rentals by 0.3% in the fourth quarter. Oak Ridge Investments LLC now owns 5,816 shares of the construction company’s stock valued at $3,335,000 after purchasing an additional 20 shares during the period. Caprock Group LLC grew its holdings in United Rentals by 2.3% in the fourth quarter. Caprock Group LLC now owns 900 shares of the construction company’s stock valued at $516,000 after purchasing an additional 20 shares during the period. Finally, AdvisorNet Financial Inc grew its holdings in United Rentals by 71.4% in 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 during the period. 96.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO William E. Grace sold 775 shares of United Rentals stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $655.62, for a total value of $508,105.50. Following the completion of the sale, the chief financial officer now directly owns 6,323 shares of the company’s stock, valued at $4,145,485.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Wells Fargo & Company raised their price objective on United Rentals from $630.00 to $710.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Truist Financial began coverage on United Rentals in a research report on Thursday, March 14th. They issued a “buy” rating and a $793.00 target price on the stock. The Goldman Sachs Group raised their target price on United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a research report on Tuesday. Stifel Nicolaus lifted their price objective on United Rentals from $494.00 to $591.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Finally, Barclays lifted their price objective on United Rentals from $325.00 to $400.00 and gave the stock an “underweight” rating in a research report on Friday, January 26th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $589.21.

United Rentals Trading Down 1.8 %

NYSE:URI traded down $11.96 on Tuesday, reaching $654.78. The company’s stock had a trading volume of 264,753 shares, compared to its average volume of 571,168. United Rentals, Inc. has a 12-month low of $325.15 and a 12-month high of $732.37. The company has a quick ratio of 0.75, a current ratio of 0.81 and a debt-to-equity ratio of 1.24. The firm has a market cap of $43.98 billion, a price-to-earnings ratio of 18.68, a price-to-earnings-growth ratio of 2.34 and a beta of 1.84. The stock has a 50 day moving average price of $680.96 and a 200 day moving average price of $566.65.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, January 24th. The construction company reported $11.26 EPS for the quarter, beating analysts’ consensus estimates of $10.85 by $0.41. United Rentals had a return on equity of 36.80% and a net margin of 16.91%. The company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter in the previous year, the business earned $9.74 earnings per share. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. On average, equities analysts anticipate that United Rentals, Inc. will post 43.05 EPS for the current fiscal year.

United Rentals declared that its board has approved a stock buyback program on Wednesday, January 24th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the construction company to repurchase up to 3.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were paid a $1.63 dividend. The ex-dividend date was Tuesday, February 13th. This is a boost 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 1.00%. United Rentals’s payout ratio is presently 18.44%.

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.