Waterloo Capital L.P. Trims Stock Holdings in United Rentals, Inc. (NYSE:URI)

Waterloo Capital L.P. reduced its stake in shares of United Rentals, Inc. (NYSE:URI) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,439 shares of the construction company’s stock after selling 32 shares during the period. Waterloo Capital L.P.’s holdings in United Rentals were worth $3,127,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in URI. Rialto Wealth Management LLC bought a new position in United Rentals in the 4th quarter worth $25,000. ORG Wealth Partners LLC bought a new position in shares of United Rentals in the fourth quarter worth about $26,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of United Rentals during the fourth quarter worth about $27,000. Meeder Asset Management Inc. raised its stake in United Rentals by 241.7% during the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company’s stock valued at $29,000 after purchasing an additional 29 shares during the period. Finally, Hanson & Doremus Investment Management bought a new stake in United Rentals during the 4th quarter valued at approximately $33,000. 96.26% of the stock is currently owned by institutional investors.

Insider Activity

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the firm’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 transaction, the chief financial officer now directly owns 6,880 shares in the company, valued at $4,390,128. This trade represents a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.53% of the company’s stock.

United Rentals Stock Performance

Shares of NYSE:URI opened at $564.56 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a 12 month low of $544.32 and a 12 month high of $896.98. The company has a market capitalization of $36.88 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 1.43 and a beta of 1.72. The firm’s 50-day moving average is $669.75 and its 200 day moving average is $750.73.

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

United Rentals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a dividend of $1.79 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.27%. United Rentals’s dividend payout ratio (DPR) is 18.48%.

Wall Street Analyst Weigh In

URI has been the subject of a number of research analyst reports. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective for the company in a report on Tuesday, January 14th. Morgan Stanley reduced their price target on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Truist Financial reiterated a “buy” rating and issued a $956.00 price target (down previously from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Citigroup decreased their target price on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $804.15.

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.