Murphy & Mullick Capital Management Corp Purchases New Shares in United Rentals, Inc. (NYSE:URI)

Murphy & Mullick Capital Management Corp bought a new position in United Rentals, Inc. (NYSE:URI) during the fourth quarter, HoldingsChannel.com reports. The fund bought 39 shares of the construction company’s stock, valued at approximately $27,000.

Other large investors have also recently made changes to their positions in the company. Rialto Wealth Management LLC purchased a new position in United Rentals in the fourth quarter worth about $25,000. ORG Wealth Partners LLC bought a new stake in shares of United Rentals in the 4th quarter valued at approximately $26,000. Hanson & Doremus Investment Management purchased a new position in shares of United Rentals in the 4th quarter worth approximately $33,000. Kestra Investment Management LLC bought a new position in shares of United Rentals during the 4th quarter valued at approximately $34,000. Finally, OFI Invest Asset Management bought a new position in shares of United Rentals during the 4th quarter valued at approximately $36,000. 96.26% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO William E. Grace sold 1,100 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $638.10, for a total value of $701,910.00. Following the sale, the chief financial officer now directly owns 6,880 shares in the company, valued at approximately $4,390,128. This trade represents a 13.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.53% of the company’s stock.

United Rentals Stock Performance

URI stock opened at $627.10 on Friday. United Rentals, Inc. has a 1-year low of $585.27 and a 1-year high of $896.98. The business has a 50-day moving average price of $686.97 and a 200 day moving average price of $754.58. The company has a market capitalization of $40.95 billion, a P/E ratio of 16.18, a PEG ratio of 1.43 and a beta of 1.76. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. As a group, equities research analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 1.14%. The ex-dividend date was Wednesday, February 12th. This is a boost from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio (DPR) is 18.48%.

Analysts Set New Price Targets

URI has been the subject of several recent analyst reports. Citigroup dropped their price objective on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Bank of America cut their price target on shares of United Rentals from $850.00 to $750.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective on the stock in a research report on Tuesday, January 14th. Truist Financial restated a “buy” rating and set a $956.00 target price (down previously from $963.00) on shares of United Rentals in a research report on Friday, January 31st. Finally, Sanford C. Bernstein upgraded United Rentals from an “underperform” rating to a “market perform” rating and reduced their price target for the stock from $705.00 to $666.00 in a report on Tuesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $804.15.

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.