United Rentals, Inc. $URI Stake Lifted by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd boosted its stake in United Rentals, Inc. (NYSE:URI) by 663.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 13,771 shares of the construction company’s stock after purchasing an additional 11,967 shares during the period. Y Intercept Hong Kong Ltd’s holdings in United Rentals were worth $10,033,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of URI. Leonteq Securities AG increased its holdings in shares of United Rentals by 26.5% in the 1st quarter. Leonteq Securities AG now owns 453 shares of the construction company’s stock worth $330,000 after acquiring an additional 95 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in United Rentals by 54.6% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 15,006 shares of the construction company’s stock worth $10,933,000 after purchasing an additional 5,300 shares during the last quarter. Elevation Point Wealth Partners LLC grew its position in United Rentals by 520.4% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 3,468 shares of the construction company’s stock worth $2,527,000 after purchasing an additional 2,909 shares during the last quarter. Patten Group Inc. increased its stake in shares of United Rentals by 9.4% in the first quarter. Patten Group Inc. now owns 2,524 shares of the construction company’s stock valued at $1,839,000 after purchasing an additional 216 shares during the period. Finally, Keybank National Association OH increased its stake in shares of United Rentals by 6.2% in the first quarter. Keybank National Association OH now owns 2,228 shares of the construction company’s stock valued at $1,623,000 after purchasing an additional 130 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Price Performance

NYSE URI opened at $1,100.43 on Friday. United Rentals, Inc. has a 12 month low of $701.59 and a 12 month high of $1,143.69. The firm has a market capitalization of $68.94 billion, a PE ratio of 28.07, a P/E/G ratio of 1.78 and a beta of 1.79. The company’s 50 day simple moving average is $1,012.30 and its 200 day simple moving average is $890.88. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.74.

United Rentals (NYSE:URI) last released 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). The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $4.20 billion. United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the company earned $8.86 earnings per share. As a group, equities research analysts forecast that United Rentals, Inc. will post 46.76 EPS for the current fiscal year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were issued a $1.97 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $7.88 annualized dividend and a dividend yield of 0.7%. United Rentals’s dividend payout ratio is 20.10%.

Insider Transactions at United Rentals

In related news, CEO Matthew John Flannery sold 22,768 shares of United Rentals stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $984.98, for a total transaction of $22,426,024.64. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Joli L. Gross sold 306 shares of the business’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $954.99, for a total transaction of $292,226.94. Following the completion of the sale, the senior vice president owned 5,738 shares in the company, valued at approximately $5,479,732.62. This trade represents a 5.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 26,088 shares of company stock worth $25,628,877. Corporate insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. BNP Paribas Exane upgraded United Rentals from a “neutral” rating to an “outperform” rating and set a $1,320.00 price objective for the company in a research report on Monday. Weiss Ratings upgraded United Rentals from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, June 24th. Truist Financial lifted their target price on United Rentals from $1,209.00 to $1,421.00 and gave the company a “buy” rating in a research note on Thursday. KeyCorp boosted their price target on United Rentals from $1,150.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $1,030.00 price target on shares of United Rentals in a research note on Friday, April 24th. Fifteen analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, United Rentals has a consensus rating of “Moderate Buy” and an average price target of $1,119.69.

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.