United Rentals, Inc. $URI Stock Position Lifted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in shares of United Rentals, Inc. (NYSE:URI) by 2.9% during the third quarter, Holdings Channel.com reports. The firm owned 948,386 shares of the construction company’s stock after acquiring an additional 26,847 shares during the period. Dimensional Fund Advisors LP’s holdings in United Rentals were worth $905,313,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Loomis Sayles & Co. L P bought a new stake in shares of United Rentals during the 2nd quarter worth about $28,000. Salomon & Ludwin LLC increased its stake in shares of United Rentals by 650.0% during the third quarter. Salomon & Ludwin LLC now owns 30 shares of the construction company’s stock valued at $29,000 after acquiring an additional 26 shares during the period. Abich Financial Wealth Management LLC bought a new stake in United Rentals during the third quarter worth approximately $29,000. Cedar Mountain Advisors LLC acquired a new stake in United Rentals in the third quarter worth approximately $32,000. Finally, Steigerwald Gordon & Koch Inc. bought a new position in United Rentals during the 3rd quarter valued at $40,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on URI. 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 target on shares of United Rentals in a report on Friday, January 30th. Royal Bank Of Canada lowered their price objective on shares of 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. Citigroup cut their target price on shares of United Rentals from $1,090.00 to $950.00 and set a “buy” rating for the company in a research note on Monday, February 2nd. Finally, Wells Fargo & Company raised their target price on shares of United Rentals from $995.00 to $1,071.00 and gave the stock an “overweight” rating in a report on Friday, January 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, United Rentals has a consensus rating of “Moderate Buy” and a consensus target price of $925.59.

United Rentals Stock Performance

Shares of URI opened at $834.70 on Wednesday. The company has a 50-day moving average of $872.23 and a two-hundred day moving average of $887.77. The stock has a market cap of $52.59 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 1.33 and a beta of 1.66. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.94 and a quick ratio of 0.88. United Rentals, Inc. has a one year low of $525.91 and a one year high of $1,021.47.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, January 28th. The construction company reported $11.09 EPS for the quarter, missing the consensus estimate of $11.86 by ($0.77). United Rentals had a net margin of 15.49% and a return on equity of 30.35%. The firm had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $4.24 billion. During the same quarter last year, the company posted $11.59 EPS. The firm’s revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 11th were given a $1.97 dividend. This represents a $7.88 annualized dividend and a dividend yield of 0.9%. 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. United Rentals’s payout ratio is 20.37%.

United Rentals declared that its board has authorized a stock buyback plan on Wednesday, January 28th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 8.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In related news, EVP Michael D. Durand sold 2,490 shares of the company’s 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 of the company’s stock, valued at approximately $5,900,322.12. The trade was a 25.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William E. Grace sold 1,498 shares of the stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $790.89, for a total value of $1,184,753.22. Following the completion of the sale, the executive vice president directly owned 6,872 shares of the company’s stock, valued at approximately $5,434,996.08. This represents a 17.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.51% of the company’s stock.

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.