Vestmark Advisory Solutions Inc. Acquires Shares of 787 United Rentals, Inc. (NYSE:URI)

Vestmark Advisory Solutions Inc. acquired a new position in shares of United Rentals, Inc. (NYSE:URI) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 787 shares of the construction company’s stock, valued at approximately $451,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Janney Montgomery Scott LLC increased its holdings in United Rentals by 6.4% in the third quarter. Janney Montgomery Scott LLC now owns 21,568 shares of the construction company’s stock valued at $9,588,000 after buying an additional 1,304 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of United Rentals during the 4th quarter valued at approximately $2,351,000. Verdence Capital Advisors LLC bought a new position in United Rentals during the fourth quarter worth $257,000. Graybill Wealth Management LTD. boosted its holdings in United Rentals by 0.6% in the third quarter. Graybill Wealth Management LTD. now owns 9,487 shares of the construction company’s stock worth $4,218,000 after purchasing an additional 58 shares during the period. Finally, Pinnacle Associates Ltd. increased 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 during the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Up 2.5 %

URI opened at $683.34 on Tuesday. The stock’s fifty day moving average is $683.61 and its 200-day moving average is $590.53. United Rentals, Inc. has a one year low of $325.91 and a one year high of $732.37. The company has a market capitalization of $45.50 billion, a PE ratio of 18.51, a P/E/G ratio of 2.17 and a beta of 1.82. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.83 and a current ratio of 0.89.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, April 24th. The construction company reported $9.15 EPS for the quarter, beating the consensus estimate of $8.35 by $0.80. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.44 billion. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business earned $7.95 earnings per share. On average, equities analysts predict that United Rentals, Inc. will post 43.61 EPS for the current fiscal year.

United Rentals announced that its Board of Directors has approved a stock buyback plan on Wednesday, January 24th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the construction company to buy up to 3.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Tuesday, May 7th. United Rentals’s dividend payout ratio (DPR) is presently 17.66%.

Insider Buying and Selling at United Rentals

In related news, CEO Matthew John Flannery sold 8,379 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total value of $5,862,199.77. Following the completion of the sale, the chief executive officer now owns 103,400 shares in the company, valued at approximately $72,341,742. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Matthew John Flannery sold 8,379 shares of the stock in a transaction on Tuesday, April 30th. The stock was 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 filing with the SEC, which is available through this hyperlink. Also, COO Michael D. Durand sold 559 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $674.56, for a total value of $377,079.04. Following the sale, the chief operating officer now directly owns 8,052 shares of the company’s stock, valued at $5,431,557.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,713 shares of company stock valued at $6,747,384. 0.49% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on URI shares. The Goldman Sachs Group lifted their price target on shares of United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Wells Fargo & Company upped their target price on United Rentals from $630.00 to $710.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Oppenheimer reissued a “market perform” rating on shares of United Rentals in a report on Monday, April 29th. Morgan Stanley started coverage on United Rentals in a research note on Monday, January 8th. They set an “equal weight” rating and a $500.00 price objective for the company. Finally, Truist Financial raised their target price on United Rentals from $793.00 to $796.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $600.79.

United Rentals 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.