Moore Capital Management LP Increases Holdings in United Rentals, Inc. $URI

Moore Capital Management LP boosted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 433.4% during the fourth quarter, Holdings Channel reports. The firm owned 28,140 shares of the construction company’s stock after acquiring an additional 22,864 shares during the quarter. Moore Capital Management LP’s holdings in United Rentals were worth $22,774,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Beacon Investment Advisory Services Inc. increased its holdings in United Rentals by 1,358.7% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 8,227 shares of the construction company’s stock valued at $6,658,000 after purchasing an additional 7,663 shares during the period. Nordea Investment Management AB increased its holdings in United Rentals by 22.7% during the 4th quarter. Nordea Investment Management AB now owns 154,688 shares of the construction company’s stock valued at $126,362,000 after purchasing an additional 28,604 shares during the period. TD Asset Management Inc increased its holdings in United Rentals by 66.5% during the 3rd quarter. TD Asset Management Inc now owns 484,450 shares of the construction company’s stock valued at $462,485,000 after purchasing an additional 193,416 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in United Rentals by 18.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,756 shares of the construction company’s stock valued at $9,514,000 after purchasing an additional 1,846 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in United Rentals by 1.4% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 367,814 shares of the construction company’s stock valued at $351,128,000 after purchasing an additional 5,115 shares during the period. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Stock Down 1.8%

URI stock opened at $1,050.43 on Thursday. United Rentals, Inc. has a fifty-two week low of $692.70 and a fifty-two week high of $1,106.88. The business’s 50 day moving average price is $940.51 and its two-hundred day moving average price is $867.96. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.74 and a current ratio of 0.80. The company has a market capitalization of $65.81 billion, a price-to-earnings ratio of 26.80, a price-to-earnings-growth ratio of 1.69 and a beta of 1.81.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The firm had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter last year, the company posted $8.86 EPS. The firm’s revenue was up 7.2% on a year-over-year basis. As a group, analysts forecast that United Rentals, Inc. will post 47.26 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were given a $1.97 dividend. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, May 13th. United Rentals’s payout ratio is currently 20.10%.

Insider Buying and Selling

In other news, CEO Matthew John Flannery sold 22,768 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $984.98, for a total value of $22,426,024.64. Following the sale, the chief executive officer directly owned 99,980 shares of the company’s stock, valued at $98,478,300.40. The trade was a 18.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Joli L. Gross sold 306 shares of the business’s stock in a transaction that occurred on 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 sale, the senior vice president directly owned 5,738 shares in the company, valued at approximately $5,479,732.62. This represents a 5.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 26,088 shares of company stock valued at $25,628,877. 0.47% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on URI. Barclays lifted their price objective on United Rentals from $600.00 to $715.00 and gave the company an “underweight” rating in a research report on Friday, April 24th. Truist Financial set a $1,209.00 target price on United Rentals in a 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 report on Thursday, April 9th. UBS Group upped their target price on United Rentals from $1,025.00 to $1,145.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Finally, Citigroup upped their target price on United Rentals from $950.00 to $1,130.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Thirteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,045.81.

About United Rentals

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.