Duncker Streett & Co. Inc. Purchases 803 Shares of United Rentals, Inc. (NYSE:URI)

Duncker Streett & Co. Inc. lifted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 18.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,238 shares of the construction company’s stock after buying an additional 803 shares during the period. Duncker Streett & Co. Inc.’s holdings in United Rentals were worth $3,004,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Janney Montgomery Scott LLC grew its stake in shares of United Rentals by 6.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 21,568 shares of the construction company’s stock valued at $9,588,000 after purchasing an additional 1,304 shares during the period. Graybill Wealth Management LTD. increased its stake in United Rentals by 0.6% in the 3rd quarter. Graybill Wealth Management LTD. now owns 9,487 shares of the construction company’s stock worth $4,218,000 after acquiring an additional 58 shares during the last quarter. Pinnacle Associates Ltd. raised its stake in United Rentals by 55.5% during the fourth quarter. Pinnacle Associates Ltd. now owns 6,413 shares of the construction company’s stock valued at $3,677,000 after purchasing an additional 2,289 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc purchased a new position in United Rentals in the fourth quarter worth about $22,529,000. Finally, Teza Capital Management LLC increased its position in shares of United Rentals by 40.5% during the 3rd quarter. Teza Capital Management LLC now owns 5,012 shares of the construction company’s stock valued at $2,228,000 after purchasing an additional 1,445 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Stock Down 1.6 %

Shares of NYSE:URI traded down $10.77 on Wednesday, reaching $655.97. The company had a trading volume of 585,189 shares, compared to its average volume of 465,619. The firm’s 50 day simple moving average is $680.99 and its 200-day simple moving average is $568.14. United Rentals, Inc. has a 52-week low of $325.15 and a 52-week high of $732.37. The company has a current ratio of 0.81, a quick ratio of 0.75 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $44.06 billion, a PE ratio of 18.56, a PEG ratio of 2.31 and a beta of 1.84.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, January 24th. The construction company reported $11.26 EPS for the quarter, beating the consensus estimate of $10.85 by $0.41. United Rentals had a return on equity of 36.80% and a net margin of 16.91%. The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.63 billion. During the same quarter in the prior year, the business posted $9.74 EPS. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. As a group, analysts expect that United Rentals, Inc. will post 43.13 earnings per share for the current fiscal year.

United Rentals declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, January 24th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the construction company to purchase up to 3.8% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its shares are undervalued.

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 0.99%. This is an increase from United Rentals’s previous quarterly dividend of $1.48. The ex-dividend date was Tuesday, February 13th. United Rentals’s dividend payout ratio is presently 18.44%.

Insider Transactions at United Rentals

In related news, CFO William E. Grace sold 775 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $655.62, for a total transaction of $508,105.50. Following the completion of the transaction, the chief financial officer now owns 6,323 shares of the company’s stock, valued at $4,145,485.26. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on URI. Evercore ISI increased their target price on shares of United Rentals from $575.00 to $740.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. Wells Fargo & Company increased their price target on United Rentals from $630.00 to $710.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Barclays boosted their price objective on United Rentals from $325.00 to $400.00 and gave the company an “underweight” rating in a report on Friday, January 26th. Truist Financial began coverage on shares of United Rentals in a research note on Thursday, March 14th. They issued a “buy” rating and a $793.00 price target on the stock. Finally, Robert W. Baird boosted their price objective on shares of United Rentals from $322.00 to $559.00 and gave the company an “underperform” rating in a research report on Friday, January 26th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $589.21.

About United Rentals

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.