United Rentals, Inc. (NYSE:URI) Shares Acquired by Syon Capital LLC

Syon Capital LLC boosted its holdings in United Rentals, Inc. (NYSE:URI) by 39.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,029 shares of the construction company’s stock after purchasing an additional 291 shares during the quarter. Syon Capital LLC’s holdings in United Rentals were worth $590,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Capital Research Global Investors boosted its holdings in United Rentals by 39.1% in the fourth quarter. Capital Research Global Investors now owns 6,399,808 shares of the construction company’s stock valued at $3,669,806,000 after purchasing an additional 1,799,997 shares in the last quarter. Norges Bank acquired a new position in United Rentals in the fourth quarter valued at approximately $977,443,000. Dimensional Fund Advisors LP boosted its holdings in United Rentals by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,246,092 shares of the construction company’s stock valued at $714,578,000 after purchasing an additional 56,948 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in United Rentals by 58,829.4% in the fourth quarter. International Assets Investment Management LLC now owns 1,043,051 shares of the construction company’s stock valued at $598,106,000 after purchasing an additional 1,041,281 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in United Rentals by 19.1% in the third quarter. Invesco Ltd. now owns 933,428 shares of the construction company’s stock valued at $414,974,000 after purchasing an additional 149,838 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on URI. Evercore ISI upped their price target on United Rentals from $575.00 to $740.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. The Goldman Sachs Group raised their target price on shares of United Rentals from $718.00 to $790.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Stifel Nicolaus raised their target price on shares of United Rentals from $720.00 to $750.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. began coverage on shares of United Rentals in a research report on Friday, June 7th. They set an “overweight” rating and a $780.00 target price on the stock. Finally, Truist Financial raised their target price on shares of United Rentals from $793.00 to $796.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $612.73.

Insider Buying and Selling at United Rentals

In other news, COO Michael D. Durand sold 559 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $674.56, for a total value of $377,079.04. Following the completion of the transaction, the chief operating officer now owns 8,052 shares in the company, valued at $5,431,557.12. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, COO Michael D. Durand sold 559 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $674.56, for a total value of $377,079.04. Following the completion of the transaction, the chief operating officer now owns 8,052 shares in the company, valued at $5,431,557.12. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Matthew John Flannery sold 8,379 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now owns 103,400 shares of the company’s stock, valued at approximately $72,341,742. The disclosure for this sale can be found here. 0.53% of the stock is owned by corporate insiders.

United Rentals Price Performance

United Rentals stock traded down $11.62 during midday trading on Friday, reaching $616.21. The company’s stock had a trading volume of 709,104 shares, compared to its average volume of 513,548. United Rentals, Inc. has a fifty-two week low of $387.01 and a fifty-two week high of $732.37. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.83 and a current ratio of 0.89. The stock’s 50 day simple moving average is $666.16 and its 200 day simple moving average is $633.40. The firm has a market capitalization of $41.03 billion, a PE ratio of 16.69, a P/E/G ratio of 2.00 and a beta of 1.75.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, April 24th. The construction company reported $9.15 EPS for the quarter, beating analysts’ consensus estimates of $8.35 by $0.80. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter last year, the company earned $7.95 earnings per share. United Rentals’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts forecast that United Rentals, Inc. will post 43.77 earnings per share for the current year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date was Tuesday, May 7th. United Rentals’s dividend payout ratio (DPR) is currently 17.66%.

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.