Headlands Technologies LLC Invests $641,000 in United Rentals, Inc. (NYSE:URI)

Headlands Technologies LLC bought a new stake in shares of United Rentals, Inc. (NYSE:URI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 910 shares of the construction company’s stock, valued at approximately $641,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Rialto Wealth Management LLC purchased a new position in shares of United Rentals in the 4th quarter worth approximately $25,000. ORG Wealth Partners LLC purchased a new position in United Rentals in the fourth quarter worth $26,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of United Rentals during the fourth quarter worth $27,000. Meeder Asset Management Inc. lifted its holdings in shares of 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 last quarter. Finally, Hanson & Doremus Investment Management acquired a new stake in shares of United Rentals in the 4th quarter worth $33,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Trading Up 2.4 %

Shares of United Rentals stock opened at $647.27 on Thursday. United Rentals, Inc. has a fifty-two week low of $585.27 and a fifty-two week high of $896.98. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. The firm has a market capitalization of $42.29 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 1.43 and a beta of 1.76. The stock has a 50 day moving average of $678.19 and a 200 day moving average of $753.23.

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

United Rentals Increases Dividend

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

Analyst Ratings Changes

A number of research analysts have issued reports on URI shares. Bank of America cut their price target on shares of United Rentals from $850.00 to $750.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Robert W. Baird raised United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price on the stock in a research report on Tuesday, January 14th. Truist Financial reaffirmed a “buy” rating and set a $956.00 price target (down previously from $963.00) on shares of United Rentals in a research report on Friday, January 31st. Morgan Stanley reduced their price objective on United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Finally, Citigroup dropped 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 research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $804.15.

Insider Transactions at United Rentals

In related news, CFO William E. Grace sold 1,100 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the sale, the chief financial officer now owns 6,880 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Company insiders own 0.53% of the company’s stock.

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.