Regents Gate Capital LLP Purchases 1,856 Shares of United Rentals, Inc. (NYSE:URI)

Regents Gate Capital LLP increased its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 12.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,271 shares of the construction company's stock after buying an additional 1,856 shares during the period. United Rentals accounts for approximately 4.3% of Regents Gate Capital LLP's investment portfolio, making the stock its 9th biggest position. Regents Gate Capital LLP's holdings in United Rentals were worth $10,197,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Erste Asset Management GmbH raised its position in shares of United Rentals by 0.5% in the 4th quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company's stock valued at $2,002,000 after buying an additional 14 shares in the last quarter. Forum Financial Management LP grew its holdings in shares of United Rentals by 1.9% during the 4th quarter. Forum Financial Management LP now owns 749 shares of the construction company's stock valued at $528,000 after purchasing an additional 14 shares during the last quarter. Centaurus Financial Inc. grew its holdings in shares of United Rentals by 1.7% during the 4th quarter. Centaurus Financial Inc. now owns 999 shares of the construction company's stock valued at $704,000 after purchasing an additional 17 shares during the last quarter. HBK Sorce Advisory LLC grew its holdings in shares of United Rentals by 4.0% during the 1st quarter. HBK Sorce Advisory LLC now owns 490 shares of the construction company's stock valued at $307,000 after purchasing an additional 19 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC grew its holdings in shares of United Rentals by 3.6% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 568 shares of the construction company's stock valued at $400,000 after purchasing an additional 20 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Truist Financial lifted their target price on shares of United Rentals from $732.00 to $786.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. UBS Group upgraded shares of United Rentals from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $485.00 to $780.00 in a research report on Friday, May 16th. Cfra Research upgraded shares of United Rentals to a "strong-buy" rating in a research report on Friday, April 25th. Citigroup restated a "buy" rating and issued a $810.00 price target (up previously from $740.00) on shares of United Rentals in a research report on Tuesday, June 24th. Finally, Sanford C. Bernstein upgraded shares of United Rentals from an "underperform" rating to a "market perform" rating and dropped their price target for the stock from $705.00 to $666.00 in a research report on Tuesday, March 25th. One 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $766.23.

Insider Activity at United Rentals

In other news, VP Andrew B. Limoges sold 708 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $705.86, for a total transaction of $499,748.88. Following the completion of the sale, the vice president owned 1,921 shares in the company, valued at $1,355,957.06. This represents a 26.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael D. Durand sold 1,100 shares of the stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total value of $688,908.00. Following the completion of the transaction, the executive vice president owned 8,748 shares of the company's stock, valued at $5,478,697.44. The trade was a 11.17% decrease in their position. The disclosure for this sale can be found here. 0.51% of the stock is owned by corporate insiders.

United Rentals Stock Performance

NYSE URI opened at $792.77 on Wednesday. The company has a market cap of $51.53 billion, a P/E ratio of 20.53, a P/E/G ratio of 1.92 and a beta of 1.69. 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 stock has a 50-day moving average of $712.29 and a two-hundred day moving average of $683.99. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 16.38% and a return on equity of 33.11%. The business's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the company earned $9.15 earnings per share. As a group, analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Wednesday, May 14th. United Rentals's dividend payout ratio (DPR) is presently 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.

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