Baer Investment Advisory LLC Acquires Shares of 3,184 United Rentals, Inc. (NYSE:URI)

Baer Investment Advisory LLC acquired a new stake in United Rentals, Inc. (NYSE:URI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,184 shares of the construction company's stock, valued at approximately $2,243,000. United Rentals accounts for about 4.7% of Baer Investment Advisory LLC's investment portfolio, making the stock its 13th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of URI. Norges Bank purchased a new position in United Rentals in the fourth quarter worth approximately $695,716,000. Leigh Baldwin & CO. LLC acquired a new position in shares of United Rentals in the 4th quarter valued at $330,989,000. Capital World Investors lifted its stake in shares of United Rentals by 17.1% in the 4th quarter. Capital World Investors now owns 2,221,228 shares of the construction company's stock valued at $1,564,722,000 after purchasing an additional 323,636 shares during the last quarter. Capital International Investors grew its holdings in shares of United Rentals by 41.0% during the 4th quarter. Capital International Investors now owns 1,051,365 shares of the construction company's stock worth $740,624,000 after purchasing an additional 305,491 shares during the period. Finally, Marshall Wace LLP increased its position in shares of United Rentals by 105.6% during the 4th quarter. Marshall Wace LLP now owns 546,165 shares of the construction company's stock worth $384,740,000 after purchasing an additional 280,502 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Michael D. Durand sold 1,100 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total transaction of $688,908.00. Following the transaction, the executive vice president now owns 8,748 shares in the company, valued at $5,478,697.44. This trade represents a 11.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Andrew B. Limoges sold 708 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $705.86, for a total value of $499,748.88. Following the completion of the sale, the vice president now owns 1,921 shares of the company's stock, valued at approximately $1,355,957.06. This represents a 26.93% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company's stock.

United Rentals Stock Up 2.4%

URI traded up $17.08 on Tuesday, reaching $717.18. The company's stock had a trading volume of 403,687 shares, compared to its average volume of 602,494. The company has a market capitalization of $46.62 billion, a price-to-earnings ratio of 18.51, a P/E/G ratio of 1.43 and a beta of 1.70. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $896.98. 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 stock has a 50 day moving average of $637.86 and a two-hundred day moving average of $704.22.

United Rentals (NYSE:URI - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The construction company reported $8.86 EPS 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 during the quarter, compared to analysts' expectations of $3.61 billion. During the same period last year, the business earned $9.15 earnings per share. The company's quarterly revenue was up 6.7% on a year-over-year basis. As a group, analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Wednesday, May 14th. United Rentals's payout ratio is 18.54%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. UBS Group raised shares of United Rentals from a "sell" rating to a "neutral" rating and upped their target price for the company from $485.00 to $780.00 in a research report on Friday, May 16th. Sanford C. Bernstein raised 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. The Goldman Sachs Group increased their target price on United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a research note on Tuesday. Truist Financial raised their target price on United Rentals from $732.00 to $786.00 and gave the company a "buy" rating in a report on Friday, April 25th. Finally, Bank of America cut their price target on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $753.15.

About United Rentals

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.