Intellectus Partners LLC Acquires New Position in United Rentals, Inc. (NYSE:URI)

Intellectus Partners LLC purchased a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,167 shares of the construction company's stock, valued at approximately $669,000.

Several other hedge funds also recently made changes to their positions in URI. Exchange Traded Concepts LLC bought a new stake in United Rentals during the third quarter worth about $281,000. Handelsbanken Fonder AB increased its position in United Rentals by 4.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 11,429 shares of the construction company's stock valued at $5,081,000 after acquiring an additional 486 shares during the period. Patriot Financial Group Insurance Agency LLC bought a new position in shares of United Rentals during the third quarter worth about $214,000. Valeo Financial Advisors LLC boosted its stake in shares of United Rentals by 21.3% in the 3rd quarter. Valeo Financial Advisors LLC now owns 616 shares of the construction company's stock valued at $274,000 after purchasing an additional 108 shares during the last quarter. Finally, Golden State Equity Partners acquired a new stake in United Rentals during the 3rd quarter worth about $221,000. 96.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on URI. Truist Financial upped their target price on United Rentals from $793.00 to $796.00 and gave the company a "buy" rating in a research report on Monday. Robert W. Baird boosted their target price on shares of United Rentals from $322.00 to $559.00 and gave the company an "underperform" rating in a research report on Friday, January 26th. Morgan Stanley assumed coverage on shares of United Rentals in a research note on Monday, January 8th. They set an "equal weight" rating and a $500.00 target price on the stock. Evercore ISI lifted their price target on shares of United Rentals from $575.00 to $740.00 and gave the company an "outperform" rating in a research note on Tuesday, February 20th. Finally, The Goldman Sachs Group increased their price objective on shares of United Rentals from $718.00 to $790.00 and gave the stock a "buy" rating in a research report on Tuesday, April 16th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $600.79.

United Rentals Stock Up 3.2 %

Shares of NYSE:URI traded up $21.82 during mid-day trading on Monday, hitting $712.62. 604,917 shares of the company traded hands, compared to its average volume of 588,248. United Rentals, Inc. has a 12-month low of $325.15 and a 12-month high of $732.37. The stock has a 50-day moving average price of $682.42 and a two-hundred day moving average price of $582.31. The stock has a market cap of $47.45 billion, a P/E ratio of 19.30, a P/E/G ratio of 2.10 and a beta of 1.84. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 1.39.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The construction company reported $9.15 earnings per share for the quarter, beating the consensus estimate of $8.35 by $0.80. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.44 billion. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. United Rentals's revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company earned $7.95 earnings per share. On average, equities research analysts forecast that United Rentals, Inc. will post 43.54 earnings per share for the current year.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Tuesday, May 7th. United Rentals's dividend payout ratio (DPR) is presently 17.66%.

United Rentals announced that its board has authorized a stock repurchase plan on Wednesday, January 24th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the construction company to reacquire up to 3.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, CFO William E. Grace sold 775 shares of the business's stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $655.62, for a total value of $508,105.50. Following the sale, the chief financial officer now owns 6,323 shares of the company's stock, valued at $4,145,485.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.49% of the company's stock.

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.