Bank of New Hampshire Purchases 60 Shares of United Rentals, Inc. (NYSE:URI)

Bank of New Hampshire boosted its position in shares of United Rentals, Inc. (NYSE:URI) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,477 shares of the construction company’s stock after acquiring an additional 60 shares during the period. Bank of New Hampshire’s holdings in United Rentals were worth $1,994,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in URI. OFI Invest Asset Management purchased a new position in shares of United Rentals in the third quarter valued at $25,000. AdvisorNet Financial Inc grew its stake in shares of United Rentals by 71.4% during the fourth quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock worth $28,000 after acquiring an additional 20 shares during the last quarter. NBC Securities Inc. purchased a new stake in shares of United Rentals during the third quarter worth about $29,000. Larson Financial Group LLC grew its stake in shares of United Rentals by 1,525.0% during the fourth quarter. Larson Financial Group LLC now owns 65 shares of the construction company’s stock worth $37,000 after acquiring an additional 61 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of United Rentals during the third quarter worth about $40,000. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Down 0.3 %

URI traded down $2.05 during trading on Friday, reaching $688.87. 271,928 shares of the stock traded hands, compared to its average volume of 584,048. The stock has a market cap of $46.27 billion, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 2.27 and a beta of 1.84. United Rentals, Inc. has a fifty-two week low of $325.15 and a fifty-two week high of $732.37. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.81 and a quick ratio of 0.75. The stock’s 50-day simple moving average is $680.37 and its two-hundred day simple moving average is $576.87.

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

United Rentals declared that its Board of Directors has initiated a stock repurchase program on Wednesday, January 24th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the construction company to purchase up to 3.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 0.95%. The ex-dividend date is Tuesday, May 7th. United Rentals’s dividend payout ratio is 17.66%.

Insiders Place Their Bets

In other United Rentals news, CFO William E. Grace sold 775 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $655.62, for a total transaction of $508,105.50. Following the completion of the transaction, the chief financial officer now owns 6,323 shares in the company, valued at approximately $4,145,485.26. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on URI shares. BNP Paribas restated an “underperform” rating and issued a $485.00 price objective on shares of United Rentals in a research report on Friday, January 5th. Robert W. Baird upped their target price on United Rentals from $322.00 to $559.00 and gave the company an “underperform” rating in a report on Friday, January 26th. Truist Financial assumed coverage on United Rentals in a report on Thursday, March 14th. They set a “buy” rating and a $793.00 price target for the company. The Goldman Sachs Group raised their target price on United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, Evercore ISI lifted their price objective on United Rentals from $575.00 to $740.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, United Rentals has a consensus rating of “Hold” and an average target price of $600.57.

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.