HUB Investment Partners LLC Has $948,000 Stake in United Rentals, Inc. (NYSE:URI)

HUB Investment Partners LLC lifted its stake in shares of United Rentals, Inc. (NYSE:URI) by 20.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,346 shares of the construction company’s stock after purchasing an additional 233 shares during the period. HUB Investment Partners LLC’s holdings in United Rentals were worth $948,000 at the end of the most recent reporting period.

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

United Rentals Stock Up 0.7 %

Shares of NYSE:URI opened at $631.14 on Friday. United Rentals, Inc. has a 52 week low of $585.27 and a 52 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 company has a market capitalization of $41.22 billion, a PE ratio of 16.29, a PEG ratio of 1.43 and a beta of 1.76. The company has a 50 day moving average price of $697.25 and a two-hundred day moving average price of $757.17.

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 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 forecast that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The business also recently disclosed 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. This is an increase from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $7.16 annualized dividend and a dividend yield of 1.13%. United Rentals’s dividend payout ratio is currently 18.48%.

Insider Transactions at United Rentals

In other news, CFO William E. Grace sold 1,100 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $638.10, for a total transaction of $701,910.00. Following the completion of the sale, the chief financial officer now owns 6,880 shares of the company’s stock, valued at $4,390,128. This represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.53% of the stock is owned by insiders.

Analyst Ratings Changes

URI has been the topic of several analyst reports. Truist Financial restated a “buy” rating and issued a $956.00 price objective (down from $963.00) on shares of United Rentals in a report on Friday, January 31st. JPMorgan Chase & Co. increased their price objective 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. Evercore ISI cut 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 report on Wednesday, February 19th. Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective on the stock in a report on Tuesday, January 14th. Finally, Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, United Rentals has an average rating of “Moderate Buy” and a consensus target price of $829.00.

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.