Parkwood LLC Purchases New Stake in United Rentals, Inc. (NYSE:URI)

Parkwood LLC acquired a new stake in United Rentals, Inc. (NYSE:URI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,699 shares of the construction company's stock, valued at approximately $9,650,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mufg Securities Americas Inc. bought a new stake in shares of United Rentals during the fourth quarter valued at approximately $683,000. Man Group plc bought a new stake in shares of United Rentals in the 4th quarter worth $13,017,000. Nomura Holdings Inc. acquired a new stake in shares of United Rentals in the fourth quarter valued at $1,519,000. NorthRock Partners LLC grew its holdings in United Rentals by 154.4% during the fourth quarter. NorthRock Partners LLC now owns 1,117 shares of the construction company's stock worth $787,000 after acquiring an additional 678 shares during the period. Finally, Occudo Quantitative Strategies LP acquired a new position in shares of United Rentals in the 4th quarter worth approximately $259,000. 96.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on URI. Evercore ISI lowered their price objective on shares of United Rentals from $1,004.00 to $974.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. UBS Group downgraded United Rentals from a "buy" rating to a "sell" rating and cut their price target for the stock from $910.00 to $485.00 in a research note on Monday, April 7th. Truist Financial lifted 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. JPMorgan Chase & Co. decreased their target price on United Rentals from $1,000.00 to $750.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Finally, Cfra Research raised shares of United Rentals to a "strong-buy" rating in a research report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $725.69.

Insider Transactions at United Rentals

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of United Rentals stock in a transaction on Monday, May 12th. The shares were 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 now owns 1,921 shares of the company's stock, valued at approximately $1,355,957.06. The trade was a 26.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO William E. Grace sold 1,100 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $638.10, for a total transaction of $701,910.00. Following the sale, the chief financial officer now owns 6,880 shares of the company's stock, valued at $4,390,128. The trade was a 13.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,908 shares of company stock worth $1,890,567 in the last quarter. 0.53% of the stock is owned by company insiders.

United Rentals Stock Performance

URI stock opened at $725.71 on Wednesday. The company has a 50 day moving average price of $620.30 and a 200 day moving average price of $712.30. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $896.98. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The stock has a market capitalization of $47.17 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 1.43 and a beta of 1.70.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.61 billion. United Rentals had a net margin of 16.78% and a return on equity of 34.21%. The company's revenue was up 6.7% compared to the same quarter last year. During the same period last year, the company earned $9.15 EPS. Analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be paid a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Wednesday, May 14th. United Rentals's dividend payout ratio (DPR) is presently 18.54%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.