723 Shares in United Rentals, Inc. $URI Purchased by Volterra Technologies LP

Volterra Technologies LP acquired a new stake in shares of United Rentals, Inc. (NYSE:URI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 723 shares of the construction company’s stock, valued at approximately $690,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Salomon & Ludwin LLC raised its position in shares of United Rentals by 650.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 30 shares of the construction company’s stock valued at $29,000 after purchasing an additional 26 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new stake in shares of United Rentals during the third quarter worth approximately $29,000. Cedar Mountain Advisors LLC bought a new stake in shares of United Rentals in the third quarter worth $32,000. Loomis Sayles & Co. L P acquired a new stake in United Rentals in the second quarter valued at $28,000. Finally, Steigerwald Gordon & Koch Inc. bought a new position in United Rentals during the 3rd quarter valued at $40,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Price Performance

Shares of NYSE URI opened at $736.27 on Friday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.94 and a quick ratio of 0.88. The firm has a market capitalization of $46.39 billion, a PE ratio of 19.03, a P/E/G ratio of 1.19 and a beta of 1.66. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $1,021.47. The business’s fifty day moving average price is $867.74 and its two-hundred day moving average price is $881.40.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, January 28th. The construction company reported $11.09 earnings per share for the quarter, missing analysts’ consensus estimates of $11.86 by ($0.77). The firm had revenue of $4.21 billion during 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 was up 2.8% on a year-over-year basis. During the same period last year, the business earned $11.59 EPS. On average, research analysts expect that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th were paid a dividend of $1.97 per share. This is a boost from United Rentals’s previous quarterly dividend of $1.79. This represents a $7.88 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Wednesday, February 11th. United Rentals’s dividend payout ratio (DPR) is 20.37%.

United Rentals declared that its board has authorized a share buyback program on Wednesday, January 28th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the construction company to buy up to 8.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other United Rentals news, EVP Michael D. Durand sold 2,490 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $791.14, for a total transaction of $1,969,938.60. Following the sale, the executive vice president directly owned 7,458 shares of the company’s stock, valued at $5,900,322.12. The trade was a 25.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP William E. Grace sold 1,498 shares of United Rentals stock in a transaction dated 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 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. 0.53% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. UBS Group raised shares of United Rentals from a “neutral” rating to a “buy” rating and set a $1,025.00 price objective for the company in a report on Sunday, January 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of United Rentals in a research report on Wednesday, January 21st. Wells Fargo & Company lifted their price target on United Rentals from $995.00 to $1,071.00 and gave the stock an “overweight” rating in a research note on Friday, January 23rd. Truist Financial set a $972.00 price objective on United Rentals in a report on Friday, January 30th. Finally, Robert W. Baird set a $970.00 price objective on United Rentals in a research note on Friday, January 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, United Rentals currently has a consensus rating of “Moderate Buy” and a consensus target price of $925.59.

United Rentals 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.