Interchange Capital Partners LLC Takes $227,000 Position in United Rentals, Inc. (NYSE:URI)

Interchange Capital Partners LLC purchased a new stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 362 shares of the construction company's stock, valued at approximately $227,000.

A number of other large investors also recently bought and sold shares of the business. Erste Asset Management GmbH lifted its position in United Rentals by 0.5% during 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 during the period. Forum Financial Management LP raised its holdings in United Rentals by 1.9% in the fourth quarter. Forum Financial Management LP now owns 749 shares of the construction company's stock worth $528,000 after buying an additional 14 shares during the last quarter. Centaurus Financial Inc. raised its holdings in United Rentals by 1.7% in the fourth quarter. Centaurus Financial Inc. now owns 999 shares of the construction company's stock worth $704,000 after buying an additional 17 shares during the last quarter. HBK Sorce Advisory LLC raised its holdings in United Rentals by 4.0% in the first quarter. HBK Sorce Advisory LLC now owns 490 shares of the construction company's stock worth $307,000 after buying an additional 19 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC raised its holdings in United Rentals by 3.6% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 568 shares of the construction company's stock worth $400,000 after buying an additional 20 shares during the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at United Rentals

In other news, VP Andrew B. Limoges sold 708 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $705.86, for a total value of $499,748.88. Following the sale, the vice president directly owned 1,921 shares in the company, valued at approximately $1,355,957.06. This trade represents a 26.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael D. Durand sold 1,100 shares of the firm'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 completion of the sale, the executive vice president owned 8,748 shares in the company, valued at $5,478,697.44. This represents a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.53% of the company's stock.

Analysts Set New Price Targets

URI has been the subject of several research reports. JPMorgan Chase & Co. boosted their price objective on shares of United Rentals from $780.00 to $920.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. 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 report on Friday, April 25th. Citigroup reissued a "buy" rating and set a $810.00 price objective (up from $740.00) on shares of United Rentals in a report on Tuesday, June 24th. Evercore ISI decreased their price objective on shares of United Rentals from $974.00 to $921.00 and set an "outperform" rating for the company in a report on Monday, May 19th. Finally, Cfra Research raised shares of United Rentals to a "strong-buy" rating in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $766.23.

United Rentals Stock Up 2.3%

NYSE URI traded up $18.35 during trading on Thursday, reaching $822.34. 330,273 shares of the company's stock traded hands, compared to its average volume of 586,846. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.85 and a quick ratio of 0.79. The firm has a market cap of $53.45 billion, a price-to-earnings ratio of 21.28, a price-to-earnings-growth ratio of 1.93 and a beta of 1.69. The company's 50 day simple moving average is $715.77 and its two-hundred day simple moving average is $684.83. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $896.98.

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). The business had revenue of $3.72 billion for the quarter, compared to analysts' expectations of $3.61 billion. United Rentals had a net margin of 16.38% and a return on equity of 33.11%. The company's revenue for the quarter was up 6.7% on a year-over-year basis. During the same period last year, the business posted $9.15 EPS. As a group, sell-side analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend was Wednesday, May 14th. United Rentals's dividend payout ratio (DPR) is 18.54%.

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.