Muhlenkamp & Co. Inc. Has $10.83 Million Position in United Rentals, Inc. (NYSE:URI)

Muhlenkamp & Co. Inc. lifted its stake in shares of United Rentals, Inc. (NYSE:URI) by 0.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,375 shares of the construction company’s stock after purchasing an additional 39 shares during the quarter. United Rentals accounts for about 3.3% of Muhlenkamp & Co. Inc.’s portfolio, making the stock its 17th largest position. Muhlenkamp & Co. Inc.’s holdings in United Rentals were worth $10,830,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Adell Harriman & Carpenter Inc. grew its stake in shares of United Rentals by 1.8% during the fourth quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company’s stock worth $573,000 after buying an additional 14 shares during the last quarter. Valmark Advisers Inc. grew its position in United Rentals by 1.8% during the 4th quarter. Valmark Advisers Inc. now owns 788 shares of the construction company’s stock worth $555,000 after acquiring an additional 14 shares during the last quarter. Erste Asset Management GmbH increased its holdings in United Rentals by 0.5% in the 4th quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company’s stock worth $2,002,000 after purchasing an additional 14 shares in the last quarter. Klingman & Associates LLC raised its position in United Rentals by 2.3% in the fourth quarter. Klingman & Associates LLC now owns 669 shares of the construction company’s stock valued at $471,000 after purchasing an additional 15 shares during the last quarter. Finally, Moody National Bank Trust Division boosted its stake in shares of United Rentals by 4.5% during the fourth quarter. Moody National Bank Trust Division now owns 368 shares of the construction company’s stock valued at $259,000 after purchasing an additional 16 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Price Performance

Shares of NYSE URI opened at $559.94 on Tuesday. The firm has a market capitalization of $36.58 billion, a P/E ratio of 14.45, a P/E/G ratio of 1.43 and a beta of 1.72. The firm’s 50-day moving average price is $665.55 and its 200-day moving average price is $748.93. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $896.98.

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

United Rentals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a dividend of $1.79 per share. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Wednesday, February 12th. United Rentals’s payout ratio is currently 18.48%.

Insider Activity

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on URI shares. Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Bank of America dropped their price target on shares of United Rentals from $850.00 to $750.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Evercore ISI decreased their price objective on United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Morgan Stanley lowered their target price on United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Finally, Truist Financial reissued a “buy” rating and issued a $956.00 price target (down previously from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, United Rentals has an average rating of “Hold” and an average price target of $781.36.

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.