WINTON GROUP Ltd Buys 12,369 Shares of United Rentals, Inc. $URI

WINTON GROUP Ltd increased its stake in shares of United Rentals, Inc. (NYSE:URI) by 995.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,612 shares of the construction company’s stock after acquiring an additional 12,369 shares during the quarter. WINTON GROUP Ltd’s holdings in United Rentals were worth $11,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Woodline Partners LP lifted its holdings in United Rentals by 40.0% in the 1st quarter. Woodline Partners LP now owns 5,518 shares of the construction company’s stock worth $3,458,000 after buying an additional 1,577 shares during the period. Sei Investments Co. lifted its holdings in United Rentals by 24.7% in the 2nd quarter. Sei Investments Co. now owns 27,136 shares of the construction company’s stock worth $20,444,000 after buying an additional 5,375 shares during the period. Treasurer of the State of North Carolina lifted its holdings in United Rentals by 43.6% in the 2nd quarter. Treasurer of the State of North Carolina now owns 56,057 shares of the construction company’s stock worth $42,233,000 after buying an additional 17,030 shares during the period. HUB Investment Partners LLC lifted its holdings in United Rentals by 11.3% in the 2nd quarter. HUB Investment Partners LLC now owns 2,205 shares of the construction company’s stock worth $1,661,000 after buying an additional 223 shares during the period. Finally, Diversify Advisory Services LLC lifted its holdings in United Rentals by 338.7% in the 2nd quarter. Diversify Advisory Services LLC now owns 1,654 shares of the construction company’s stock worth $1,246,000 after buying an additional 1,277 shares during the period. 96.26% of the stock is currently owned by institutional investors.

Insider Transactions at United Rentals

In other news, VP Andrew B. Limoges sold 548 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $977.86, for a total value of $535,867.28. Following the completion of the transaction, the vice president owned 1,865 shares in the company, valued at $1,823,708.90. This trade represents a 22.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Craig Adam Pintoff sold 2,466 shares of the firm’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 value of $2,374,758.00. Following the completion of the transaction, the executive vice president owned 14,774 shares of the company’s stock, valued at approximately $14,227,362. The trade was a 14.30% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 26,088 shares of company stock worth $25,628,877. 0.47% of the stock is owned by company insiders.

United Rentals Trading Down 1.6%

URI opened at $1,067.62 on Friday. The stock has a market cap of $66.89 billion, a PE ratio of 27.24, a PEG ratio of 1.72 and a beta of 1.81. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.37. The business has a 50 day moving average of $885.82 and a 200-day moving average of $852.39. United Rentals, Inc. has a 52 week low of $682.08 and a 52 week high of $1,091.23.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). The firm had revenue of $3.99 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $8.86 EPS. Equities research analysts predict that United Rentals, Inc. will post 47.07 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were paid a $1.97 dividend. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, May 13th. United Rentals’s dividend payout ratio (DPR) is presently 20.10%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Sanford C. Bernstein set a $903.00 price objective on United Rentals and gave the stock an “outperform” rating in a report on Thursday, April 9th. Weiss Ratings upgraded United Rentals from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Citigroup increased their price objective on United Rentals from $950.00 to $1,130.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Truist Financial set a $1,209.00 price objective on United Rentals in a report on Friday, April 24th. Finally, KeyCorp increased their price objective on United Rentals from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Twelve investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, United Rentals presently has an average rating of “Moderate Buy” and a consensus target price of $1,013.63.

About United Rentals

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.