Kovack Advisors Inc. Has $6.27 Million Stock Position in United Rentals, Inc. (NYSE:URI)

Kovack Advisors Inc. raised its position in shares of United Rentals, Inc. (NYSE:URI) by 7.6% in the 4th quarter, Holdings Channel reports. The firm owned 10,938 shares of the construction company’s stock after acquiring an additional 769 shares during the period. United Rentals accounts for approximately 0.7% of Kovack Advisors Inc.’s holdings, making the stock its 18th largest position. Kovack Advisors Inc.’s holdings in United Rentals were worth $6,272,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Ballentine Partners LLC grew its stake in shares of United Rentals by 2.1% in the fourth quarter. Ballentine Partners LLC now owns 889 shares of the construction company’s stock worth $510,000 after purchasing an additional 18 shares during the last quarter. DGS Capital Management LLC grew its stake in shares of United Rentals by 1.3% in the fourth quarter. DGS Capital Management LLC now owns 1,441 shares of the construction company’s stock worth $827,000 after purchasing an additional 18 shares during the last quarter. Oak Ridge Investments LLC grew its stake in shares of United Rentals by 0.3% in the fourth quarter. Oak Ridge Investments LLC now owns 5,816 shares of the construction company’s stock worth $3,335,000 after purchasing an additional 20 shares during the last quarter. Caprock Group LLC boosted its position in United Rentals by 2.3% during the fourth quarter. Caprock Group LLC now owns 900 shares of the construction company’s stock valued at $516,000 after acquiring an additional 20 shares during the last quarter. Finally, AdvisorNet Financial Inc boosted its position in United Rentals by 71.4% during the fourth quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock valued at $28,000 after acquiring an additional 20 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on URI shares. Evercore ISI upped their price target on shares of United Rentals from $575.00 to $740.00 and gave the company an “outperform” rating in a research report on Tuesday, February 20th. BNP Paribas reaffirmed an “underperform” rating and set a $485.00 price target on shares of United Rentals in a research report on Friday, January 5th. Wells Fargo & Company upped their price target on shares of United Rentals from $630.00 to $710.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. The Goldman Sachs Group upped their price target on shares of United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, Truist Financial began coverage on shares of United Rentals in a research report on Thursday, March 14th. They set a “buy” rating and a $793.00 price objective on the stock. Three analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, United Rentals has a consensus rating of “Hold” and an average target price of $600.57.

United Rentals Stock Down 0.0 %

Shares of URI traded down $0.15 on Friday, reaching $690.77. The company’s stock had a trading volume of 581,706 shares, compared to its average volume of 588,042. The company has a current ratio of 0.81, a quick ratio of 0.75 and a debt-to-equity ratio of 1.24. United Rentals, Inc. has a twelve month low of $325.15 and a twelve month high of $732.37. The stock has a market capitalization of $46.40 billion, a PE ratio of 18.71, a PEG ratio of 2.27 and a beta of 1.84. The firm has a fifty day moving average of $681.18 and a 200-day moving average of $578.63.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, April 24th. The construction company reported $9.15 earnings per share for the quarter, topping analysts’ consensus estimates of $8.35 by $0.80. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.44 billion. United Rentals had a net margin of 17.31% and a return on equity of 36.85%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $7.95 EPS. Equities analysts predict that United Rentals, Inc. will post 43.13 EPS for the current year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $6.52 dividend on an annualized basis and a yield of 0.94%. United Rentals’s dividend payout ratio is 17.66%.

United Rentals declared that its board has approved a share repurchase plan on Wednesday, January 24th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the construction company to repurchase up to 3.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at United Rentals

In related news, CFO William E. Grace sold 775 shares of United Rentals 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 completion of the transaction, the chief financial officer now directly owns 6,323 shares in the company, valued at approximately $4,145,485.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.53% of the stock is owned by company insiders.

About United Rentals

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.