Parkwood LLC Invests $10.55 Million in United Rentals, Inc. $URI

Parkwood LLC bought a new stake in shares of United Rentals, Inc. (NYSE:URI) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,002 shares of the construction company’s stock, valued at approximately $10,549,000.

A number of other hedge funds have also recently modified their holdings of the business. CreativeOne Wealth LLC lifted its position in United Rentals by 0.5% during the second quarter. CreativeOne Wealth LLC now owns 2,283 shares of the construction company’s stock valued at $1,720,000 after purchasing an additional 11 shares in the last quarter. Bank of Jackson Hole Trust lifted its position in shares of United Rentals by 12.0% during the 2nd quarter. Bank of Jackson Hole Trust now owns 112 shares of the construction company’s stock valued at $84,000 after buying an additional 12 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of United Rentals by 5.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the construction company’s stock valued at $199,000 after buying an additional 13 shares in the last quarter. Cooper Financial Group increased its holdings in United Rentals by 1.6% in the 2nd quarter. Cooper Financial Group now owns 807 shares of the construction company’s stock worth $608,000 after acquiring an additional 13 shares in the last quarter. Finally, American Trust increased its holdings in United Rentals by 1.1% in the 1st quarter. American Trust now owns 1,242 shares of the construction company’s stock worth $778,000 after acquiring an additional 14 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Barclays dropped their price target on shares of United Rentals from $620.00 to $600.00 and set an “underweight” rating for the company in a research report on Monday, October 20th. Sanford C. Bernstein set a $1,128.00 target price on shares of United Rentals and gave the company an “outperform” rating in a research note on Tuesday, September 23rd. Baird R W upgraded United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. KeyCorp reissued an “overweight” rating on shares of United Rentals in a report on Wednesday, December 3rd. Finally, UBS Group reaffirmed a “neutral” rating and issued a $1,025.00 price objective on shares of United Rentals in a research note on Tuesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $961.72.

United Rentals Price Performance

United Rentals stock opened at $834.06 on Friday. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $1,021.47. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.40. The firm’s fifty day moving average is $876.74 and its 200 day moving average is $854.81. The company has a market cap of $53.07 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 1.84 and a beta of 1.68.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.16 billion. United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $11.80 earnings per share. Sell-side analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, November 12th. United Rentals’s payout ratio is presently 18.42%.

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.