Nebula Research & Development LLC Makes New $3.07 Million Investment in United Rentals, Inc. (NYSE:URI)

Nebula Research & Development LLC acquired a new position in United Rentals, Inc. (NYSE:URI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,362 shares of the construction company's stock, valued at approximately $3,073,000.

Several other large investors also recently made changes to their positions in the business. Adell Harriman & Carpenter Inc. increased its position in shares of United Rentals by 1.8% in the fourth quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company's stock worth $573,000 after acquiring an additional 14 shares in the last quarter. Valmark Advisers Inc. boosted its stake in shares of United Rentals by 1.8% in the fourth quarter. Valmark Advisers Inc. now owns 788 shares of the construction company's stock valued at $555,000 after purchasing an additional 14 shares during the period. Erste Asset Management GmbH boosted its stake in shares of United Rentals by 0.5% in the fourth quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company's stock valued at $2,002,000 after purchasing an additional 14 shares during the period. Forum Financial Management LP boosted its stake in shares of United Rentals by 1.9% in the fourth 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 period. Finally, Klingman & Associates LLC boosted its stake in shares of United Rentals by 2.3% in the fourth quarter. Klingman & Associates LLC now owns 669 shares of the construction company's stock valued at $471,000 after purchasing an additional 15 shares during the period. Institutional investors and hedge funds own 96.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Bank of America decreased their target price on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Evercore ISI decreased their target price on shares of United Rentals from $1,004.00 to $974.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Truist Financial increased their price objective 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. Robert W. Baird increased their price objective 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. Finally, UBS Group downgraded shares of United Rentals from a "buy" rating to a "sell" rating and reduced their price objective for the company from $910.00 to $485.00 in a research note on Monday, April 7th. Two analysts have rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $725.69.

United Rentals Stock Performance

Shares of NYSE:URI traded down $7.02 during trading on Wednesday, hitting $623.16. 187,464 shares of the company traded hands, compared to its average volume of 736,315. The stock has a market capitalization of $40.50 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 1.43 and a beta of 1.72. The business's fifty day moving average is $613.03 and its 200-day moving average is $723.88. United Rentals, Inc. has a one year low of $525.91 and a one year high of $896.98. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.92 by ($0.06). The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.61 billion. United Rentals had a return on equity of 34.21% and a net margin of 16.78%. The business's quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $9.15 earnings per share. As a group, equities analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be given a dividend of $1.79 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $7.16 annualized dividend and a dividend yield of 1.15%. United Rentals's dividend payout ratio is presently 18.54%.

Insider Transactions at United Rentals

In other news, CFO William E. Grace sold 1,100 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the completion of the transaction, the chief financial officer now directly owns 6,880 shares in the company, valued at approximately $4,390,128. The trade was a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.53% of the company's stock.

United Rentals 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.