Investors Asset Management of Georgia Inc. GA ADV Purchases New Holdings in United Rentals, Inc. (NYSE:URI)

Investors Asset Management of Georgia Inc. GA ADV purchased a new position in shares of United Rentals, Inc. (NYSE:URI) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 383 shares of the construction company’s stock, valued at approximately $220,000.

Other hedge funds have also added to or reduced their stakes in the company. AdvisorNet Financial Inc lifted its holdings in United Rentals by 71.4% during the 4th quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock worth $28,000 after purchasing an additional 20 shares during the last quarter. OFI Invest Asset Management bought a new position in United Rentals during the 3rd quarter worth $25,000. NBC Securities Inc. bought a new position in United Rentals during the 3rd quarter worth $29,000. Arlington Trust Co LLC increased its stake in United Rentals by 50.0% during the 4th quarter. Arlington Trust Co LLC now owns 84 shares of the construction company’s stock worth $48,000 after acquiring an additional 28 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in United Rentals during the 3rd quarter worth $40,000. 96.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on URI shares. BNP Paribas restated an “underperform” rating and set a $485.00 price objective on shares of United Rentals in a research note on Friday, January 5th. Truist Financial started coverage on United Rentals in a research note on Thursday, March 14th. They set a “buy” rating and a $793.00 price objective on the stock. Wells Fargo & Company raised their price objective on United Rentals from $630.00 to $710.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Robert W. Baird lifted their price target on United Rentals from $322.00 to $559.00 and gave the company an “underperform” rating in a research note on Friday, January 26th. Finally, The Goldman Sachs Group lifted their price target on United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a research note on Tuesday. Three analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $589.21.

Insider Buying and Selling

In other United Rentals news, CFO William E. Grace sold 775 shares of United Rentals stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $655.62, for a total transaction of $508,105.50. Following the transaction, the chief financial officer now directly owns 6,323 shares of the company’s stock, valued at approximately $4,145,485.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.53% of the stock is currently owned by corporate insiders.

United Rentals Trading Down 0.5 %

Shares of URI stock opened at $632.88 on Friday. The firm has a market capitalization of $42.51 billion, a P/E ratio of 17.90, a P/E/G ratio of 2.21 and a beta of 1.84. United Rentals, Inc. has a twelve month low of $325.15 and a twelve month high of $732.37. The company has a quick ratio of 0.75, a current ratio of 0.81 and a debt-to-equity ratio of 1.24. The stock’s fifty day simple moving average is $680.37 and its 200 day simple moving average is $569.06.

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

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were given a dividend of $1.63 per share. The ex-dividend date was Tuesday, February 13th. This represents a $6.52 dividend on an annualized basis and a yield of 1.03%. This is a positive change from United Rentals’s previous quarterly dividend of $1.48. United Rentals’s payout ratio is currently 18.44%.

United Rentals declared that its Board of Directors has approved a stock buyback program on Wednesday, January 24th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 3.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

United Rentals Company Profile

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.