North Dallas Bank & Trust Co. Invests $812,000 in United Rentals, Inc. $URI

North Dallas Bank & Trust Co. acquired a new position in United Rentals, Inc. (NYSE:URI) during the fourth quarter, Holdings Channel reports. The firm acquired 1,003 shares of the construction company’s stock, valued at approximately $812,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of URI. Woodline Partners LP raised its stake in shares of United Rentals by 40.0% in the 1st quarter. Woodline Partners LP now owns 5,518 shares of the construction company’s stock worth $3,458,000 after buying an additional 1,577 shares in the last quarter. Sei Investments Co. raised its stake in shares of United Rentals by 24.7% in the 2nd quarter. Sei Investments Co. now owns 27,136 shares of the construction company’s stock worth $20,444,000 after buying an additional 5,375 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in shares of United Rentals by 43.6% in the 2nd quarter. Treasurer of the State of North Carolina now owns 56,057 shares of the construction company’s stock worth $42,233,000 after buying an additional 17,030 shares in the last quarter. HUB Investment Partners LLC raised its stake in shares of United Rentals by 11.3% in the 2nd quarter. HUB Investment Partners LLC now owns 2,205 shares of the construction company’s stock worth $1,661,000 after buying an additional 223 shares in the last quarter. Finally, Diversify Advisory Services LLC raised its stake in shares of United Rentals by 338.7% in the 2nd quarter. Diversify Advisory Services LLC now owns 1,654 shares of the construction company’s stock worth $1,246,000 after buying an additional 1,277 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Up 0.9%

Shares of United Rentals stock opened at $1,093.93 on Wednesday. The stock’s fifty day moving average is $899.90 and its 200-day moving average is $856.84. The firm has a market capitalization of $68.53 billion, a PE ratio of 27.91, a price-to-earnings-growth ratio of 1.72 and a beta of 1.81. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.37. United Rentals, Inc. has a 12-month low of $682.08 and a 12-month high of $1,106.88.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.20 billion. United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the firm earned $8.86 earnings per share. Equities analysts anticipate that United Rentals, Inc. will post 47.07 earnings per share for the current year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were given a dividend of $1.97 per share. This represents a $7.88 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 13th. United Rentals’s payout ratio is presently 20.10%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Truist Financial set a $1,209.00 price objective on United Rentals in a research note on Friday, April 24th. Barclays lifted their target price on United Rentals from $600.00 to $715.00 and gave the stock an “underweight” rating in a report on Friday, April 24th. JPMorgan Chase & Co. boosted their target price on United Rentals from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Evercore reaffirmed an “outperform” rating and set a $1,101.00 target price on shares of United Rentals in a research report on Monday, May 11th. Finally, Robert W. Baird boosted their target price on United Rentals from $970.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Twelve research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, United Rentals currently has an average rating of “Moderate Buy” and a consensus price target of $1,013.63.

Insiders Place Their Bets

In related news, SVP Joli L. Gross sold 306 shares of the company’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $954.99, for a total transaction of $292,226.94. Following the transaction, the senior vice president directly owned 5,738 shares of the company’s stock, valued at approximately $5,479,732.62. The trade was a 5.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew John Flannery sold 22,768 shares of the company’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $984.98, for a total value of $22,426,024.64. Following the transaction, the chief executive officer directly owned 99,980 shares in the company, valued at $98,478,300.40. The trade was a 18.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,088 shares of company stock valued at $25,628,877 over the last ninety days. Corporate insiders own 0.47% of the company’s stock.

United Rentals Company Profile

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.