Montag A & Associates Inc. Has $16.43 Million Holdings in United Rentals, Inc. $URI

Key Points

• Montag A & Associates Inc. raised its stake in United Rentals (NYSE:URI) by 10.4% to 20,295 shares, valued at about $16.43 million in its latest 13F filing.
• United Rentals missed quarterly estimates with EPS of $9.71 and revenue of $3.99 billion, though revenue was up 7.2% year‑over‑year and the company reported strong profitability (ROE 30.56%, net margin 15.32%); analysts hold a Moderate Buy consensus with an average target of $986.35.
• The board authorized a $5.00 billion share buyback (up to 8.7% of shares) and declared a quarterly dividend of $1.97 (annualized $7.88, yield 0.8%), while insiders sold roughly $28.8 million of stock over the past three months.

Montag A & Associates Inc. raised its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 10.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,295 shares of the construction company's stock after acquiring an additional 1,919 shares during the quarter. Montag A & Associates Inc.'s holdings in United Rentals were worth $16,425,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in URI. Capital International Investors increased its position in United Rentals by 22.8% in the 3rd quarter. Capital International Investors now owns 3,402,524 shares of the construction company's stock valued at $3,247,762,000 after acquiring an additional 631,484 shares in the last quarter. TD Asset Management Inc raised its holdings in United Rentals by 66.5% during the 3rd quarter. TD Asset Management Inc now owns 484,450 shares of the construction company's stock worth $462,485,000 after purchasing an additional 193,416 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in United Rentals by 3,459.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 196,688 shares of the construction company's stock worth $159,184,000 after purchasing an additional 191,162 shares during the last quarter. Capital World Investors raised its holdings in United Rentals by 6.7% during the 3rd quarter. Capital World Investors now owns 2,678,614 shares of the construction company's stock worth $2,557,158,000 after purchasing an additional 168,685 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its holdings in United Rentals by 3,094.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 155,273 shares of the construction company's stock worth $148,233,000 after purchasing an additional 150,412 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Price Performance

United Rentals stock opened at $952.13 on Friday. The firm has a market capitalization of $59.65 billion, a P/E ratio of 24.29, a PEG ratio of 1.51 and a beta of 1.83. United Rentals, Inc. has a 1 year low of $645.18 and a 1 year high of $1,021.47. The business has a 50-day moving average of $802.13 and a 200-day moving average of $841.19. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37.

United Rentals (NYSE:URI - Get Free Report) last posted its earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.47 by ($1.76). The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.20 billion. United Rentals had a return on equity of 30.56% and a net margin of 15.32%.United Rentals's quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $8.86 earnings per share. On average, equities analysts anticipate that United Rentals, Inc. will post 46.99 EPS for the current year.

United Rentals declared that its Board of Directors has authorized a share buyback plan on Wednesday, January 28th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 8.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its stock is undervalued.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th will be given a dividend of $1.97 per share. This represents a $7.88 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, May 13th. United Rentals's payout ratio is presently 20.10%.

Insider Activity at United Rentals

In related news, EVP William E. Grace sold 1,498 shares of the business's stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $790.89, for a total value of $1,184,753.22. Following the completion of the transaction, the executive vice president directly owned 6,872 shares in the company, valued at approximately $5,434,996.08. The trade was a 17.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Andrew B. Limoges sold 548 shares of the stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $977.86, for a total value of $535,867.28. Following the sale, the vice president directly owned 1,865 shares of the company's stock, valued at approximately $1,823,708.90. The trade was a 22.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 30,076 shares of company stock worth $28,783,569. 0.47% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have weighed in on URI. JPMorgan Chase & Co. boosted their price objective on United Rentals from $850.00 to $1,050.00 and gave the stock an "overweight" rating in a report on Friday, April 24th. Truist Financial set a $1,209.00 price objective on United Rentals in a report on Friday, April 24th. Barclays boosted their price objective on United Rentals from $600.00 to $715.00 and gave the stock an "underweight" rating in a report on Friday, April 24th. Wells Fargo & Company boosted their price objective on United Rentals from $995.00 to $1,071.00 and gave the stock an "overweight" rating in a report on Friday, January 23rd. Finally, Royal Bank Of Canada boosted their price objective on United Rentals from $1,041.00 to $1,119.00 and gave the stock an "outperform" rating in a report on Friday, April 24th. Thirteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, United Rentals has a consensus rating of "Moderate Buy" and an average target price of $986.35.

About United Rentals

United Rentals, Inc NYSE: URI is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company's product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.

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