United Rentals, Inc. (NYSE:URI) Shares Bought by Cooper Financial Group

Cooper Financial Group boosted its stake in shares of United Rentals, Inc. (NYSE:URI) by 3.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 752 shares of the construction company’s stock after purchasing an additional 23 shares during the period. Cooper Financial Group’s holdings in United Rentals were worth $530,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Moody National Bank Trust Division grew its holdings in United Rentals by 4.5% during the fourth quarter. Moody National Bank Trust Division now owns 368 shares of the construction company’s stock worth $259,000 after acquiring an additional 16 shares during the period. Wedmont Private Capital boosted its position in United Rentals by 3.1% in the 4th quarter. Wedmont Private Capital now owns 2,162 shares of the construction company’s stock worth $1,450,000 after purchasing an additional 66 shares in the last quarter. Asset Allocation & Management Company LLC acquired a new stake in shares of United Rentals during the 4th quarter worth approximately $475,000. Brookstone Capital Management increased its holdings in shares of United Rentals by 580.5% during 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 in the last quarter. Finally, Fiduciary Alliance LLC lifted its stake in shares of United Rentals by 196.5% in the 4th quarter. Fiduciary Alliance LLC now owns 1,420 shares of the construction company’s stock valued at $1,000,000 after purchasing an additional 941 shares during the period. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of NYSE URI opened at $688.06 on Tuesday. The firm has a 50-day simple moving average of $787.08 and a 200-day simple moving average of $759.44. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $45.15 billion, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 1.83 and a beta of 1.69. United Rentals, Inc. has a 52 week low of $545.16 and a 52 week high of $896.98.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $11.73 EPS. On average, equities analysts predict that United Rentals, Inc. will post 43.46 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Wednesday, November 13th. United Rentals’s dividend payout ratio (DPR) is currently 17.03%.

Insider Buying and Selling at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $823.24, for a total transaction of $740,916.00. Following the transaction, the senior vice president now owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. The trade was a 30.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.53% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on URI. Bank of America raised their price target on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Citigroup lifted their price target on United Rentals from $955.00 to $985.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Barclays increased their price target on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Robert W. Baird boosted their price objective on United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a research report on Thursday, October 3rd. Finally, Truist Financial increased their target price on United Rentals from $955.00 to $965.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, United Rentals presently has an average rating of “Moderate Buy” and a consensus price target of $817.08.

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.