Marshall Financial Group LLC Buys New Stake in United Rentals, Inc. $URI

Marshall Financial Group LLC purchased a new position in shares of United Rentals, Inc. (NYSE:URI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 747 shares of the construction company’s stock, valued at approximately $605,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Optas LLC lifted its stake in United Rentals by 0.9% during the 3rd quarter. Optas LLC now owns 1,174 shares of the construction company’s stock worth $1,121,000 after acquiring an additional 10 shares in the last quarter. CreativeOne Wealth LLC grew its position in United Rentals by 0.5% in the 2nd quarter. CreativeOne Wealth LLC now owns 2,283 shares of the construction company’s stock valued at $1,720,000 after acquiring an additional 11 shares in the last quarter. OFI Invest Asset Management grew its position in United Rentals by 6.7% in the 3rd quarter. OFI Invest Asset Management now owns 175 shares of the construction company’s stock valued at $167,000 after acquiring an additional 11 shares in the last quarter. Great Valley Advisor Group Inc. increased its stake in United Rentals by 2.9% during the second quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company’s stock worth $292,000 after purchasing an additional 11 shares during the period. Finally, Opal Wealth Advisors LLC increased its stake in United Rentals by 2.7% during the third quarter. Opal Wealth Advisors LLC now owns 450 shares of the construction company’s stock worth $430,000 after purchasing an additional 12 shares during the period. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Stock Performance

Shares of URI opened at $732.28 on Tuesday. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $1,021.47. The stock has a market capitalization of $46.13 billion, a PE ratio of 18.93, a PEG ratio of 1.15 and a beta of 1.66. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.88 and a current ratio of 0.94. The stock has a 50-day simple moving average of $845.83 and a 200-day simple moving average of $870.87.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, January 28th. The construction company reported $11.09 earnings per share for the quarter, missing analysts’ consensus estimates of $11.86 by ($0.77). United Rentals had a return on equity of 30.35% and a net margin of 15.49%.The firm had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $4.24 billion. During the same quarter in the previous year, the company posted $11.59 earnings per share. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. On average, analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals declared that its board has approved a share repurchase plan on Wednesday, January 28th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the construction company to reacquire up to 8.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 11th were issued a $1.97 dividend. This represents a $7.88 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Wednesday, February 11th. This is a positive change from United Rentals’s previous quarterly dividend of $1.79. United Rentals’s dividend payout ratio (DPR) is 20.37%.

Insiders Place Their Bets

In other news, EVP William E. Grace sold 1,498 shares of United Rentals stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $790.89, for a total transaction of $1,184,753.22. Following the completion of the sale, the executive vice president directly owned 6,872 shares of the company’s stock, valued at approximately $5,434,996.08. The trade was a 17.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael D. Durand sold 2,490 shares of the business’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $791.14, for a total transaction of $1,969,938.60. Following the transaction, the executive vice president owned 7,458 shares of the company’s stock, valued at approximately $5,900,322.12. The trade was a 25.03% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.53% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Citigroup lowered their price objective on shares of United Rentals from $1,090.00 to $950.00 and set a “buy” rating for the company in a research note on Monday, February 2nd. Truist Financial set a $972.00 target price on shares of United Rentals in a research note on Friday, January 30th. Royal Bank Of Canada reduced their target price on shares of United Rentals from $1,123.00 to $1,041.00 and set an “outperform” rating on the stock in a report on Friday, January 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of United Rentals in a research report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. dropped their price target on shares of United Rentals from $1,150.00 to $970.00 and set an “overweight” rating for the company in a research note on Friday, January 30th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, United Rentals currently has an average rating of “Moderate Buy” and an average target price of $925.59.

United Rentals Profile

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.