Graphene Investments SAS Has $2.95 Million Stock Holdings in United Rentals, Inc. (NYSE:URI)

Graphene Investments SAS boosted its position in United Rentals, Inc. (NYSE:URI - Free Report) by 23.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,700 shares of the construction company's stock after buying an additional 900 shares during the quarter. United Rentals makes up about 2.2% of Graphene Investments SAS's holdings, making the stock its 14th biggest position. Graphene Investments SAS's holdings in United Rentals were worth $2,945,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Perpetual Ltd acquired a new stake in shares of United Rentals in the first quarter valued at about $241,000. PDS Planning Inc grew its holdings in United Rentals by 5.8% in the 1st quarter. PDS Planning Inc now owns 489 shares of the construction company's stock valued at $306,000 after buying an additional 27 shares during the last quarter. KPP Advisory Services LLC increased its position in United Rentals by 50.1% in the 1st quarter. KPP Advisory Services LLC now owns 710 shares of the construction company's stock worth $445,000 after buying an additional 237 shares during the period. Penobscot Investment Management Company Inc. lifted its holdings in shares of United Rentals by 26.5% during the first quarter. Penobscot Investment Management Company Inc. now owns 5,206 shares of the construction company's stock worth $3,263,000 after buying an additional 1,092 shares during the last quarter. Finally, Western Wealth Management LLC boosted its position in shares of United Rentals by 10.9% in the first quarter. Western Wealth Management LLC now owns 467 shares of the construction company's stock valued at $292,000 after acquiring an additional 46 shares during the period. Institutional investors own 96.26% of the company's stock.

United Rentals Price Performance

NYSE:URI traded up $11.96 during trading hours on Friday, reaching $754.03. The company had a trading volume of 924,469 shares, compared to its average volume of 587,823. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 1.31. The stock has a 50-day moving average of $685.30 and a two-hundred day moving average of $683.57. United Rentals, Inc. has a one year low of $525.91 and a one year high of $896.98. The firm has a market capitalization of $49.01 billion, a PE ratio of 19.52, a PEG ratio of 1.80 and a beta of 1.70.

United Rentals (NYSE:URI - Get Free Report) last issued its 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 firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.61 billion. United Rentals had a net margin of 16.38% and a return on equity of 33.11%. The firm's revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $9.15 EPS. Analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Wednesday, May 14th. United Rentals's dividend payout ratio (DPR) is currently 18.54%.

Insider Transactions at United Rentals

In related news, EVP Michael D. Durand sold 1,100 shares of the company's stock in a transaction dated Tuesday, April 29th. The shares were 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 represents a 11.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Andrew B. Limoges sold 708 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $705.86, for a total transaction of $499,748.88. Following the sale, the vice president now directly owns 1,921 shares in the company, 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. 0.53% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on URI shares. Robert W. Baird upped their target price on shares of United Rentals from $535.00 to $571.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. Citigroup reaffirmed a "buy" rating and set a $810.00 price objective (up previously from $740.00) on shares of United Rentals in a research report on Tuesday. Truist Financial increased their target price 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. Morgan Stanley upgraded United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price target on the stock in a research note on Wednesday, April 16th. Finally, Redburn Atlantic cut United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price target for the company. in a report on Friday, June 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $765.07.

United Rentals Company 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.