Regents Gate Capital LLP Makes New Investment in United Rentals, Inc. $URI

Regents Gate Capital LLP bought a new stake in United Rentals, Inc. (NYSE:URI) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,209 shares of the construction company’s stock, valued at approximately $5,927,000. United Rentals comprises approximately 2.1% of Regents Gate Capital LLP’s portfolio, making the stock its 20th largest holding.

Several other institutional investors and hedge funds have also modified their holdings of the business. TD Waterhouse Canada Inc. lifted its position in United Rentals by 73.3% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 5,740 shares of the construction company’s stock worth $5,533,000 after buying an additional 2,428 shares in the last quarter. National Pension Service increased its position in United Rentals by 4.5% in the 3rd quarter. National Pension Service now owns 103,146 shares of the construction company’s stock valued at $98,469,000 after acquiring an additional 4,415 shares in the last quarter. North Growth Management Ltd. raised its stake in shares of United Rentals by 22.2% in the third quarter. North Growth Management Ltd. now owns 11,000 shares of the construction company’s stock worth $10,189,000 after acquiring an additional 2,000 shares during the last quarter. Vise Technologies Inc. bought a new position in shares of United Rentals in the second quarter worth about $7,514,000. Finally, HB Wealth Management LLC lifted its position in shares of United Rentals by 37.2% during the third quarter. HB Wealth Management LLC now owns 6,608 shares of the construction company’s stock worth $6,308,000 after purchasing an additional 1,790 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other United Rentals news, EVP William E. Grace sold 1,498 shares of the stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $790.89, for a total value of $1,184,753.22. Following the sale, the executive vice president directly owned 6,872 shares in the company, valued at approximately $5,434,996.08. This trade represents a 17.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Michael D. Durand sold 2,490 shares of United Rentals stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $791.14, for a total transaction of $1,969,938.60. Following the transaction, the executive vice president directly owned 7,458 shares in the company, valued at approximately $5,900,322.12. This represents a 25.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.51% of the company’s stock.

United Rentals Stock Performance

Shares of United Rentals stock opened at $837.85 on Monday. The firm has a fifty day moving average of $871.81 and a two-hundred day moving average of $889.02. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.88 and a current ratio of 0.94. The stock has a market capitalization of $52.78 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 1.36 and a beta of 1.66. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $1,021.47.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, January 28th. The construction company reported $11.09 EPS for the quarter, missing analysts’ consensus estimates of $11.86 by ($0.77). The company had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.24 billion. United Rentals had a return on equity of 30.35% and a net margin of 15.49%.The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period last year, the firm earned $11.59 earnings per share. As a group, equities research analysts predict that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals declared that its board has initiated a share repurchase plan 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 plans are usually an indication that the company’s management believes its shares are undervalued.

United Rentals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 11th were paid a $1.97 dividend. This is a boost from United Rentals’s previous quarterly dividend of $1.79. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.9%. United Rentals’s dividend payout ratio (DPR) is currently 20.37%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on URI shares. KeyCorp set a $950.00 price target on shares of United Rentals in a report on Friday, January 30th. Sanford C. Bernstein set a $965.00 price objective on United Rentals in a report on Friday, January 30th. Truist Financial set a $972.00 price objective on United Rentals in a research report on Friday, January 30th. Citigroup dropped their target price on United Rentals from $1,090.00 to $950.00 and set a “buy” rating for the company in a research report on Monday, February 2nd. Finally, Royal Bank Of Canada cut their price target on United Rentals from $1,123.00 to $1,041.00 and set an “outperform” rating on the stock in a research note on Friday, January 30th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $925.59.

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.