United Rentals, Inc. (NYSE:URI) Shares Acquired by Peddock Capital Advisors LLC

Peddock Capital Advisors LLC increased its stake in shares of United Rentals, Inc. (NYSE:URI) by 24.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 927 shares of the construction company’s stock after purchasing an additional 185 shares during the quarter. Peddock Capital Advisors LLC’s holdings in United Rentals were worth $532,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its position in shares of United Rentals by 6.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 21,568 shares of the construction company’s stock worth $9,588,000 after acquiring an additional 1,304 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of United Rentals in the 4th quarter valued at $2,351,000. Verdence Capital Advisors LLC acquired a new stake in United Rentals during the 4th quarter worth $257,000. Graybill Wealth Management LTD. lifted its position in United Rentals by 0.6% in the third quarter. Graybill Wealth Management LTD. now owns 9,487 shares of the construction company’s stock valued at $4,218,000 after acquiring an additional 58 shares during the last quarter. Finally, Pinnacle Associates Ltd. boosted its stake in United Rentals by 55.5% in the fourth quarter. Pinnacle Associates Ltd. now owns 6,413 shares of the construction company’s stock valued at $3,677,000 after acquiring an additional 2,289 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on URI. Truist Financial upped their target price on United Rentals from $793.00 to $796.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Robert W. Baird lifted their price objective on shares of United Rentals from $322.00 to $559.00 and gave the company an “underperform” rating in a research note on Friday, January 26th. Oppenheimer reiterated a “market perform” rating on shares of United Rentals in a research note on Monday, April 29th. Wells Fargo & Company boosted their price target on United Rentals from $630.00 to $710.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Finally, Stifel Nicolaus lifted their target price on United Rentals from $720.00 to $750.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $600.79.

United Rentals Price Performance

United Rentals stock traded up $0.94 during mid-day trading on Wednesday, reaching $675.21. The company had a trading volume of 251,898 shares, compared to its average volume of 580,253. The stock’s 50-day simple moving average is $683.58 and its 200-day simple moving average is $592.43. The company has a market capitalization of $44.96 billion, a P/E ratio of 18.28, a P/E/G ratio of 2.17 and a beta of 1.82. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.89 and a quick ratio of 0.83. United Rentals, Inc. has a 1 year low of $325.91 and a 1 year high of $732.37.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, April 24th. The construction company reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.35 by $0.80. The firm had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.44 billion. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. United Rentals’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted $7.95 earnings per share. On average, equities analysts predict that United Rentals, Inc. will post 43.61 EPS for the current year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Tuesday, May 7th. United Rentals’s payout ratio is currently 17.66%.

United Rentals announced that its board has initiated a share buyback plan on Wednesday, January 24th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the construction company to reacquire up to 3.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at United Rentals

In other United Rentals news, CEO Matthew John Flannery sold 8,379 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the completion of the transaction, the chief executive officer now owns 103,400 shares of the company’s stock, valued at $72,341,742. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other United Rentals news, COO Michael D. Durand sold 559 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $674.56, for a total transaction of $377,079.04. Following the transaction, the chief operating officer now owns 8,052 shares of the company’s stock, valued at $5,431,557.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Matthew John Flannery sold 8,379 shares of United Rentals stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the completion of the transaction, the chief executive officer now owns 103,400 shares in the company, valued at approximately $72,341,742. The disclosure for this sale can be found here. Insiders have sold 9,713 shares of company stock valued at $6,747,384 over the last quarter. Corporate insiders own 0.49% of the company’s stock.

United Rentals Company 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.