Eisler Capital Management Ltd. Takes Position in United Rentals, Inc. (NYSE:URI)

Eisler Capital Management Ltd. acquired a new stake in United Rentals, Inc. (NYSE:URI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,173 shares of the construction company's stock, valued at approximately $10,452,000. United Rentals accounts for 0.0% of Eisler Capital Management Ltd.'s investment portfolio, making the stock its 25th biggest position.

A number of other institutional investors also recently bought and sold shares of URI. Rialto Wealth Management LLC acquired a new position in United Rentals in the fourth quarter valued at $25,000. ORG Wealth Partners LLC acquired a new position in United Rentals in the fourth quarter valued at $26,000. Murphy & Mullick Capital Management Corp acquired a new position in United Rentals in the 4th quarter valued at $27,000. Meeder Asset Management Inc. increased its stake in United Rentals by 241.7% in the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock valued at $29,000 after buying an additional 29 shares during the period. Finally, Hanson & Doremus Investment Management acquired a new position in United Rentals in the 4th quarter valued at $33,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Price Performance

Shares of URI traded up $2.53 on Friday, reaching $672.53. The stock had a trading volume of 598,949 shares, compared to its average volume of 597,593. The firm has a market capitalization of $43.71 billion, a PE ratio of 17.36, a PEG ratio of 1.43 and a beta of 1.70. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The firm has a 50-day moving average of $616.74 and a 200 day moving average of $712.90. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $896.98.

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

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be issued a dividend of $1.79 per share. The ex-dividend date is Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.06%. United Rentals's dividend payout ratio (DPR) is presently 18.54%.

Insider Transactions at United Rentals

In other United Rentals news, EVP Michael D. Durand sold 1,100 shares of the firm's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total value of $688,908.00. Following the sale, the executive vice president now directly owns 8,748 shares of the company's stock, valued at approximately $5,478,697.44. This trade represents a 11.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Truist Financial boosted their price objective on shares of United Rentals from $732.00 to $786.00 and gave the company a "buy" rating in a research note on Friday, April 25th. Sanford C. Bernstein raised shares of United Rentals from an "underperform" rating to a "market perform" rating and dropped their price objective for the company from $705.00 to $666.00 in a research note on Tuesday, March 25th. Morgan Stanley raised shares of United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price objective on the stock in a research note on Wednesday, April 16th. UBS Group cut shares of United Rentals from a "buy" rating to a "sell" rating and dropped their price objective for the company from $910.00 to $485.00 in a research note on Monday, April 7th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of United Rentals from $1,000.00 to $750.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $725.69.

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.