Brevan Howard Capital Management LP Purchases New Position in United Rentals, Inc. (NYSE:URI)

Brevan Howard Capital Management LP acquired a new stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,419 shares of the construction company's stock, valued at approximately $3,817,000.

Other large investors also recently added to or reduced their stakes in the company. Adell Harriman & Carpenter Inc. boosted its holdings in United Rentals by 1.8% in the fourth quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company's stock worth $573,000 after purchasing an additional 14 shares in the last quarter. Valmark Advisers Inc. increased its holdings in shares of United Rentals by 1.8% during the 4th quarter. Valmark Advisers Inc. now owns 788 shares of the construction company's stock valued at $555,000 after acquiring an additional 14 shares during the last quarter. Erste Asset Management GmbH raised its stake in shares of United Rentals by 0.5% in the 4th quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company's stock valued at $2,002,000 after acquiring an additional 14 shares in the last quarter. Forum Financial Management LP raised its stake in shares of United Rentals by 1.9% in the 4th quarter. Forum Financial Management LP now owns 749 shares of the construction company's stock valued at $528,000 after acquiring an additional 14 shares in the last quarter. Finally, Klingman & Associates LLC lifted its holdings in United Rentals by 2.3% in the 4th quarter. Klingman & Associates LLC now owns 669 shares of the construction company's stock worth $471,000 after purchasing an additional 15 shares during the last quarter. 96.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on URI shares. Robert W. Baird lifted their price target on shares of United Rentals from $535.00 to $571.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Cfra Research raised shares of United Rentals to a "strong-buy" rating in a research report on Friday, April 25th. JPMorgan Chase & Co. lowered their price target on United Rentals from $1,000.00 to $750.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Truist Financial boosted their price objective on United Rentals from $732.00 to $786.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. Finally, Sanford C. Bernstein raised United Rentals from an "underperform" rating to a "market perform" rating and dropped their price target for the stock from $705.00 to $666.00 in a research report on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $725.69.

United Rentals Price Performance

Shares of United Rentals stock opened at $657.98 on Tuesday. The firm has a market cap of $42.77 billion, a P/E ratio of 16.98, a price-to-earnings-growth ratio of 1.43 and a beta of 1.70. The firm's 50-day simple moving average is $613.64 and its 200-day simple moving average is $717.73. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month 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.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 earnings per share for the quarter, missing analysts' consensus estimates of $8.92 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same period in the previous year, the firm posted $9.15 earnings per share. The firm's revenue for the quarter was up 6.7% compared to the same quarter last year. As a group, research analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be paid a dividend of $1.79 per share. The ex-dividend date is Wednesday, May 14th. This represents a $7.16 annualized dividend and a yield of 1.09%. United Rentals's dividend payout ratio is currently 18.54%.

Insider Buying and Selling at United Rentals

In other news, CFO William E. Grace sold 1,100 shares of the company's stock in a transaction dated Monday, February 24th. The shares were 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 of the company's stock, valued at approximately $4,390,128. This represents a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.53% of the company's stock.

United Rentals 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.

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