1,785 Shares in United Rentals, Inc. (NYSE:URI) Bought by Stenger Family Office LLC

Stenger Family Office LLC acquired a new stake in United Rentals, Inc. (NYSE:URI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,785 shares of the construction company’s stock, valued at approximately $1,257,000.

A number of other large investors also recently bought and sold shares of the company. Rialto Wealth Management LLC purchased a new stake in shares of United Rentals in the fourth quarter valued at about $25,000. ORG Wealth Partners LLC purchased a new stake in United Rentals in the 4th quarter valued at approximately $26,000. Murphy & Mullick Capital Management Corp acquired a new position in United Rentals during the 4th quarter worth approximately $27,000. Meeder Asset Management Inc. raised its stake in shares of United Rentals by 241.7% during the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company’s stock worth $29,000 after buying an additional 29 shares in the last quarter. Finally, Hanson & Doremus Investment Management acquired a new stake in shares of United Rentals in the 4th quarter valued at approximately $33,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Stock Performance

NYSE URI opened at $597.65 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $896.98. The business has a fifty day moving average of $638.42 and a 200-day moving average of $737.67. The stock has a market cap of $39.05 billion, a price-to-earnings ratio of 15.42, a price-to-earnings-growth ratio of 1.43 and a beta of 1.72.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share 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, analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a $1.79 dividend. This is a boost from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a yield of 1.20%. The ex-dividend date was Wednesday, February 12th. United Rentals’s payout ratio is presently 18.48%.

Insider Buying and Selling at United Rentals

In other news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction on Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the completion of the sale, the chief financial officer now owns 6,880 shares of the company’s stock, valued at $4,390,128. The trade was a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.53% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on URI shares. Citigroup dropped their price objective on United Rentals from $720.00 to $650.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Truist Financial lowered their price target on shares of United Rentals from $956.00 to $732.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley reduced their price objective on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Robert W. Baird raised United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target on the stock in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, United Rentals has a consensus rating of “Hold” and a consensus target price of $734.29.

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.