SFE Investment Counsel Has $5.72 Million Stock Position in United Rentals, Inc. (NYSE:URI)

SFE Investment Counsel lifted its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 28.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,131 shares of the construction company's stock after acquiring an additional 2,016 shares during the quarter. SFE Investment Counsel's holdings in United Rentals were worth $5,722,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of URI. Norges Bank bought a new stake in shares of United Rentals during the 4th quarter worth $695,716,000. GAMMA Investing LLC boosted its stake in shares of United Rentals by 77,674.5% during the 1st quarter. GAMMA Investing LLC now owns 887,407 shares of the construction company's stock worth $556,138,000 after acquiring an additional 886,266 shares in the last quarter. Leigh Baldwin & CO. LLC purchased a new stake in shares of United Rentals in the fourth quarter valued at $330,989,000. Capital World Investors lifted its holdings in shares of United Rentals by 17.1% in the fourth 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 in the last quarter. Finally, Capital International Investors lifted its holdings in shares of United Rentals by 41.0% in the fourth quarter. Capital International Investors now owns 1,051,365 shares of the construction company's stock valued at $740,624,000 after purchasing an additional 305,491 shares in the last quarter. 96.26% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Michael D. Durand sold 1,100 shares of United Rentals stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total transaction of $688,908.00. Following the sale, the executive vice president directly owned 8,748 shares of the company's stock, valued at $5,478,697.44. This trade represents a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Andrew B. Limoges sold 708 shares of the firm's 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 transaction, the vice president owned 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. Company insiders own 0.53% of the company's stock.

United Rentals Stock Up 8.8%

United Rentals stock traded up $70.65 during mid-day trading on Thursday, hitting $873.90. 1,594,299 shares of the company's stock were exchanged, compared to its average volume of 580,649. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31. The stock has a market cap of $56.80 billion, a P/E ratio of 22.60, a P/E/G ratio of 1.96 and a beta of 1.69. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $896.98. The stock has a 50 day moving average of $744.58 and a two-hundred day moving average of $692.52.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.54 by ($0.07). The business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.90 billion. United Rentals had a net margin of 16.11% and a return on equity of 32.35%. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business posted $10.70 earnings per share. As a group, analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th will be given a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Wednesday, August 13th. United Rentals's dividend payout ratio is currently 18.54%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Truist Financial increased 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. Barclays increased their target price on United Rentals from $565.00 to $620.00 and gave the company an "underweight" rating in a report on Monday. UBS Group increased their target price on United Rentals from $780.00 to $835.00 and gave the company a "neutral" rating in a report on Thursday. Morgan Stanley upgraded United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 target price for the company in a report on Wednesday, April 16th. Finally, Evercore ISI reduced their target price on United Rentals from $974.00 to $921.00 and set an "outperform" rating for the company in a report on Monday, May 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $788.54.

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.