Polar Asset Management Partners Inc. Invests $1.20 Million in United Rentals, Inc. (NYSE:URI)

Polar Asset Management Partners Inc. purchased a new stake in United Rentals, Inc. (NYSE:URI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,700 shares of the construction company's stock, valued at approximately $1,198,000.

Other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in United Rentals by 15.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company's stock worth $637,968,000 after buying an additional 105,287 shares during the period. Brookstone Capital Management raised its stake in shares of United Rentals by 580.5% in the 4th quarter. Brookstone Capital Management now owns 1,749 shares of the construction company's stock valued at $1,232,000 after purchasing an additional 1,492 shares during the period. Miracle Mile Advisors LLC acquired a new stake in shares of United Rentals in the fourth quarter valued at about $306,000. SeaCrest Wealth Management LLC increased its position in shares of United Rentals by 3.2% in the fourth quarter. SeaCrest Wealth Management LLC now owns 764 shares of the construction company's stock valued at $538,000 after acquiring an additional 24 shares during the last quarter. Finally, Oak Thistle LLC acquired a new stake in shares of United Rentals in the fourth quarter valued at about $406,000. Institutional investors and hedge funds own 96.26% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on URI shares. Evercore ISI lowered their target price on United Rentals from $974.00 to $921.00 and set an "outperform" rating on the stock in a research report on Monday. Truist Financial boosted their price objective on shares of United Rentals from $732.00 to $786.00 and gave the company a "buy" rating in a research report on Friday, April 25th. KeyCorp upgraded shares of United Rentals from a "sector weight" rating to an "overweight" rating and set a $865.00 price objective for the company in a research report on Thursday. Sanford C. Bernstein upgraded United Rentals from an "underperform" rating to a "market perform" rating and decreased their price objective for the company from $705.00 to $666.00 in a report on Tuesday, March 25th. Finally, UBS Group raised shares of United Rentals from a "sell" rating to a "neutral" rating and raised their price target for the company from $485.00 to $780.00 in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, United Rentals currently has an average rating of "Moderate Buy" and a consensus price target of $765.07.

United Rentals Stock Up 0.7%

NYSE URI traded up $4.63 during trading hours on Thursday, hitting $700.43. 147,547 shares of the company traded hands, compared to its average volume of 600,314. The stock has a market capitalization of $45.53 billion, a price-to-earnings ratio of 18.10, a P/E/G ratio of 1.43 and a beta of 1.70. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $896.98. The business's 50-day moving average is $632.92 and its 200-day moving average is $708.98.

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

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be paid a $1.79 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $7.16 annualized dividend and a dividend yield of 1.02%. United Rentals's payout ratio is presently 18.54%.

Insiders Place Their Bets

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $705.86, for a total value of $499,748.88. Following the sale, the vice president now owns 1,921 shares in the company, valued at $1,355,957.06. The trade was a 26.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael D. Durand sold 1,100 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 8,748 shares in the company, valued at approximately $5,478,697.44. The trade was a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,908 shares of company stock worth $1,890,567 over the last three months. Company insiders own 0.53% 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.