Bay Capital Advisors LLC Purchases Shares of 701 United Rentals, Inc. (NYSE:URI)

Bay Capital Advisors LLC purchased a new stake in United Rentals, Inc. (NYSE:URI) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 701 shares of the construction company’s stock, valued at approximately $494,000.

Other institutional investors have also modified their holdings of the company. Adell Harriman & Carpenter Inc. boosted its stake in United Rentals by 1.8% in the 4th quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company’s stock worth $573,000 after purchasing an additional 14 shares in the last quarter. Valmark Advisers Inc. lifted its stake in shares of United Rentals by 1.8% during the fourth quarter. Valmark Advisers Inc. now owns 788 shares of the construction company’s stock worth $555,000 after buying an additional 14 shares during the period. Erste Asset Management GmbH grew its holdings in shares of United Rentals by 0.5% during the fourth quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company’s stock valued at $2,002,000 after buying an additional 14 shares during the last quarter. Brooklyn Investment Group increased its position in shares of United Rentals by 3.4% in the 3rd quarter. Brooklyn Investment Group now owns 450 shares of the construction company’s stock valued at $364,000 after acquiring an additional 15 shares during the period. Finally, Klingman & Associates LLC raised its stake in United Rentals by 2.3% in the 4th quarter. Klingman & Associates LLC now owns 669 shares of the construction company’s stock worth $471,000 after acquiring an additional 15 shares during the last quarter. 96.26% of the stock is owned by institutional investors.

United Rentals Stock Up 3.1 %

United Rentals stock opened at $647.93 on Tuesday. The company has a market capitalization of $42.31 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. United Rentals, Inc. has a fifty-two week low of $585.27 and a fifty-two week high of $896.98. The firm has a 50 day moving average price of $695.59 and a 200 day moving average price of $756.81.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing analysts’ consensus estimates of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. Research analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a dividend of $1.79 per share. This is an increase from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend was Wednesday, February 12th. United Rentals’s dividend payout ratio is presently 18.48%.

Insiders Place Their Bets

In other news, CFO William E. Grace sold 1,100 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the sale, the chief financial officer now owns 6,880 shares of the company’s stock, valued at approximately $4,390,128. This represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.53% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on URI shares. Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target on the stock in a report on Tuesday, January 14th. Morgan Stanley lowered their price target on United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. Bank of America reduced their price target on shares of United Rentals from $850.00 to $750.00 and set a “buy” rating for the company in a research report on Friday. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Truist Financial reiterated a “buy” rating and issued a $956.00 target price (down from $963.00) on shares of United Rentals in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $815.67.

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.