Brandywine Oak Private Wealth LLC Lowers Stake in United Rentals, Inc. (NYSE:URI)

Brandywine Oak Private Wealth LLC reduced its holdings in shares of United Rentals, Inc. (NYSE:URI) by 18.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,746 shares of the construction company’s stock after selling 630 shares during the period. Brandywine Oak Private Wealth LLC’s holdings in United Rentals were worth $1,575,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. AdvisorNet Financial Inc boosted its holdings in shares of United Rentals by 71.4% in the fourth quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock valued at $28,000 after acquiring an additional 20 shares in the last quarter. OFI Invest Asset Management purchased a new stake in shares of United Rentals in the third quarter valued at about $25,000. Larson Financial Group LLC boosted its holdings in shares of United Rentals by 1,525.0% in the fourth quarter. Larson Financial Group LLC now owns 65 shares of the construction company’s stock valued at $37,000 after acquiring an additional 61 shares in the last quarter. NBC Securities Inc. purchased a new stake in shares of United Rentals in the third quarter valued at about $29,000. Finally, Arlington Trust Co LLC boosted its holdings in shares of United Rentals by 50.0% in the fourth quarter. Arlington Trust Co LLC now owns 84 shares of the construction company’s stock valued at $48,000 after acquiring an additional 28 shares in the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at United Rentals

In other news, CEO Matthew John Flannery sold 8,379 shares of United Rentals stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the completion of the sale, the chief executive officer now directly owns 103,400 shares in the company, valued at $72,341,742. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Matthew John Flannery sold 8,379 shares of United Rentals stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the completion of the sale, the chief executive officer now directly owns 103,400 shares in the company, valued at $72,341,742. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 sale, the chief financial officer now owns 6,323 shares of the company’s stock, valued at $4,145,485.26. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Evercore ISI lifted their target price on shares of United Rentals from $575.00 to $740.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. Barclays raised their price objective on shares of United Rentals from $325.00 to $400.00 and gave the company an “underweight” rating in a research note on Friday, January 26th. Truist Financial raised their price objective on shares of United Rentals from $793.00 to $796.00 and gave the company a “buy” rating in a research note on Monday. Wells Fargo & Company raised their price objective on shares of United Rentals from $630.00 to $710.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Finally, The Goldman Sachs Group raised their price objective on shares of United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Three analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $600.79.

United Rentals Price Performance

URI traded down $13.47 during midday trading on Wednesday, reaching $654.52. 169,655 shares of the company’s stock were exchanged, compared to its average volume of 588,847. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.89 and a quick ratio of 0.83. The stock has a market capitalization of $43.58 billion, a PE ratio of 17.77, a P/E/G ratio of 2.33 and a beta of 1.84. The business’s 50-day moving average price is $682.90 and its 200 day moving average price is $583.96. United Rentals, Inc. has a 1-year low of $325.15 and a 1-year high of $732.37.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, April 24th. The construction company reported $9.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.35 by $0.80. The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.44 billion. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $7.95 earnings per share. As a group, equities analysts anticipate that United Rentals, Inc. will post 43.39 EPS for the current fiscal year.

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

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be issued a dividend of $1.63 per share. The ex-dividend date is Tuesday, May 7th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.00%. United Rentals’s dividend payout ratio (DPR) is presently 17.66%.

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.