900 Shares in United Rentals, Inc. (NYSE:URI) Purchased by Board of the Pension Protection Fund

Board of the Pension Protection Fund acquired a new stake in United Rentals, Inc. (NYSE:URI) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 900 shares of the construction company’s stock, valued at approximately $634,000.

Several other hedge funds have also recently modified their holdings of the company. Fifth Third Wealth Advisors LLC increased its position in shares of United Rentals by 2.5% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 776 shares of the construction company’s stock valued at $547,000 after acquiring an additional 19 shares during the last quarter. Oak Thistle LLC bought a new position in United Rentals in the 4th quarter valued at $406,000. Pines Wealth Management LLC purchased a new stake in shares of United Rentals during the 4th quarter valued at $255,000. SeaCrest Wealth Management LLC increased its position in shares of United Rentals by 3.2% during the 4th quarter. SeaCrest Wealth Management LLC now owns 764 shares of the construction company’s stock valued at $538,000 after purchasing an additional 24 shares during the last quarter. Finally, Miracle Mile Advisors LLC purchased a new position in shares of United Rentals in the 4th quarter worth about $306,000. Institutional investors own 96.26% of the company’s stock.

United Rentals Trading Up 5.9 %

NYSE URI opened at $729.60 on Wednesday. The stock’s 50-day simple moving average is $787.08 and its two-hundred day simple moving average is $759.44. United Rentals, Inc. has a twelve month low of $545.16 and a twelve month high of $896.98. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $47.88 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 1.83 and a beta of 1.69.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The firm had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the previous year, the firm earned $11.73 EPS. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. Research analysts forecast that United Rentals, Inc. will post 43.46 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 0.89%. The ex-dividend date was Wednesday, November 13th. United Rentals’s dividend payout ratio is currently 17.03%.

Insider Buying and Selling

In other news, SVP Anthony S. Leopold sold 900 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the transaction, the senior vice president now directly owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. This trade represents a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.53% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on URI shares. Barclays raised their price objective on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. Citigroup decreased their price target on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. upped their price objective on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Truist Financial increased their price objective on United Rentals from $955.00 to $965.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, Argus upped their price target on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, United Rentals presently has an average rating of “Moderate Buy” and a consensus target price of $805.25.

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.