AXQ Capital LP Invests $261,000 in United Rentals, Inc. (NYSE:URI)

AXQ Capital LP bought a new stake in United Rentals, Inc. (NYSE:URI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 371 shares of the construction company’s stock, valued at approximately $261,000.

A number of other institutional investors have also modified their holdings of URI. Rialto Wealth Management LLC acquired a new position in shares of United Rentals in the 4th quarter valued at $25,000. ORG Wealth Partners LLC acquired a new position in shares of United Rentals in the 4th quarter valued at $26,000. Hanson & Doremus Investment Management acquired a new position in shares of United Rentals in the 4th quarter valued at $33,000. Kestra Investment Management LLC acquired a new position in shares of United Rentals in the 4th quarter valued at $34,000. Finally, OFI Invest Asset Management acquired a new position in shares of United Rentals in the 4th quarter valued at $36,000. 96.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on URI. JPMorgan Chase & Co. lifted their target price on shares of United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Citigroup dropped their price objective on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Evercore ISI dropped their price objective on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. Truist Financial reissued a “buy” rating and issued a $956.00 price objective (down from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Finally, 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $815.67.

United Rentals Stock Performance

NYSE:URI opened at $628.63 on Monday. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a fifty-two week low of $585.27 and a fifty-two week high of $896.98. The stock has a market cap of $41.05 billion, a PE ratio of 16.22, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76. The firm’s fifty day simple moving average is $696.39 and its 200-day simple moving average is $757.16.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 EPS 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%. Analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a $1.79 dividend. The ex-dividend date was Wednesday, February 12th. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a dividend yield of 1.14%. United Rentals’s payout ratio is currently 18.48%.

Insider Buying and Selling

In related news, CFO William E. Grace sold 1,100 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $638.10, for a total value of $701,910.00. Following the sale, the chief financial officer now directly owns 6,880 shares in the company, valued at $4,390,128. The trade was a 13.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.53% of the company’s stock.

United Rentals 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.