Pincus Capital Management LP Invests $423,000 in United Rentals, Inc. $URI

Pincus Capital Management LP purchased a new position in United Rentals, Inc. (NYSE:URI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 523 shares of the construction company’s stock, valued at approximately $423,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aventura Private Wealth LLC acquired a new stake in United Rentals during the fourth quarter worth about $27,000. Core Wealth Advisors LLC acquired a new stake in United Rentals during the fourth quarter worth about $28,000. Abich Financial Wealth Management LLC acquired a new stake in United Rentals during the third quarter worth about $29,000. Board of the Pension Protection Fund acquired a new stake in United Rentals during the fourth quarter worth about $32,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in United Rentals during the fourth quarter worth about $32,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Trading Up 0.2%

Shares of URI stock opened at $998.03 on Tuesday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.74 and a current ratio of 0.80. The stock has a market capitalization of $62.52 billion, a P/E ratio of 25.46, a price-to-earnings-growth ratio of 1.58 and a beta of 1.81. The company has a 50 day moving average price of $860.45 and a 200 day moving average price of $846.62. United Rentals, Inc. has a fifty-two week low of $681.98 and a fifty-two week high of $1,021.47.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.20 billion. United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the firm posted $8.86 EPS. Equities research analysts predict that United Rentals, Inc. will post 47.07 EPS for the current fiscal year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were issued a dividend of $1.97 per share. This represents a $7.88 annualized dividend and a yield of 0.8%. The ex-dividend date was Wednesday, May 13th. United Rentals’s payout ratio is 20.10%.

Insider Activity

In other United Rentals news, EVP Craig Adam Pintoff sold 2,466 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $963.00, for a total transaction of $2,374,758.00. Following the completion of the transaction, the executive vice president owned 14,774 shares in the company, valued at $14,227,362. The trade was a 14.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Joli L. Gross sold 306 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $954.99, for a total transaction of $292,226.94. Following the transaction, the senior vice president owned 5,738 shares of the company’s stock, valued at $5,479,732.62. This trade represents a 5.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 26,088 shares of company stock worth $25,628,877. Insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

URI has been the subject of several recent analyst reports. Morgan Stanley restated an “overweight” rating and set a $1,030.00 price objective on shares of United Rentals in a research report on Friday, April 24th. Truist Financial set a $1,209.00 price objective on shares of United Rentals in a research report on Friday, April 24th. KeyCorp raised their price objective on shares of United Rentals from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Weiss Ratings upgraded shares of United Rentals from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Finally, Citigroup raised their price objective on shares of United Rentals from $950.00 to $1,130.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Twelve analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,006.13.

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.