4,194 Shares in United Rentals, Inc. $URI Acquired by Caxton Associates LLP

Caxton Associates LLP bought a new stake in United Rentals, Inc. (NYSE:URI) during the first quarter, HoldingsChannel reports. The institutional investor bought 4,194 shares of the construction company’s stock, valued at approximately $3,056,000.

Several other hedge funds and other institutional investors have also modified their holdings of URI. Inceptionr LLC acquired a new stake in shares of United Rentals in the 1st quarter worth $812,000. Sei Investments Co. increased its stake in shares of United Rentals by 15.2% during the first quarter. Sei Investments Co. now owns 26,030 shares of the construction company’s stock worth $18,966,000 after acquiring an additional 3,433 shares during the period. MWA Asset Management increased its stake in shares of United Rentals by 7.3% during the first quarter. MWA Asset Management now owns 5,555 shares of the construction company’s stock worth $4,049,000 after acquiring an additional 379 shares during the period. First Trust Advisors LP raised its holdings in United Rentals by 134.0% during the first quarter. First Trust Advisors LP now owns 69,078 shares of the construction company’s stock worth $50,327,000 after purchasing an additional 39,559 shares in the last quarter. Finally, Saturna Capital Corp purchased a new position in United Rentals during the first quarter worth about $211,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Barclays lifted their price objective on United Rentals from $715.00 to $950.00 and gave the company an “underweight” rating in a report on Friday. Evercore reaffirmed an “outperform” rating and set a $1,101.00 price objective on shares of United Rentals in a report on Monday, May 11th. Wells Fargo & Company raised their target price on United Rentals from $1,245.00 to $1,355.00 and gave the company an “overweight” rating in a report on Friday. Citigroup upped their price target on shares of United Rentals from $1,270.00 to $1,330.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Sanford C. Bernstein set a $903.00 price objective on shares of United Rentals and gave the stock an “outperform” rating in a report on Thursday, April 9th. Fourteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,226.50.

Insider Activity

In other news, SVP Joli L. Gross sold 306 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president directly owned 5,738 shares in the company, valued at $5,479,732.62. The trade was a 5.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Craig Adam Pintoff sold 2,466 shares of the stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $963.00, for a total value of $2,374,758.00. Following the completion of the sale, the executive vice president directly owned 14,774 shares of the company’s stock, valued at $14,227,362. This represents a 14.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.47% of the company’s stock.

United Rentals Trading Up 0.0%

URI opened at $1,140.19 on Friday. United Rentals, Inc. has a 12-month low of $701.59 and a 12-month high of $1,177.67. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.76 and a quick ratio of 0.74. The stock has a market capitalization of $71.43 billion, a PE ratio of 27.38, a P/E/G ratio of 1.82 and a beta of 1.79. The firm’s fifty day moving average price is $1,052.87 and its 200 day moving average price is $919.10.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Tuesday, July 21st. The construction company reported $12.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.53 by $1.23. United Rentals had a return on equity of 31.72% and a net margin of 15.67%.The business had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same period in the prior year, the company posted $10.47 EPS. The business’s revenue was up 11.8% compared to the same quarter last year. As a group, research analysts expect that United Rentals, Inc. will post 46.85 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th will be paid a dividend of $1.97 per share. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, August 12th. United Rentals’s payout ratio is currently 18.92%.

United Rentals News Summary

Here are the key news stories impacting United Rentals this week:

• Positive Sentiment: JPMorgan raised its price target on United Rentals to $1,235 and kept an overweight rating, signaling confidence in continued upside. JPMorgan price target increase
• Positive Sentiment: Truist boosted its target to $1,466 and maintained a buy rating, reflecting a more optimistic view of URI’s earnings power and demand trends. Truist price target increase
• Positive Sentiment: Citigroup raised its target to $1,330 with a buy rating after the company’s strong Q2 results and improved guidance. Citigroup price target increase
• Positive Sentiment: Bank of America increased its target to $1,300 and reiterated a buy rating, adding to the positive analyst momentum around the stock. Bank of America price target increase
• Positive Sentiment: United Rentals reported Q2 earnings of $12.76 per share and revenue of $4.41 billion, both ahead of expectations, and raised full-year guidance on stronger rental growth and demand. Q2 earnings beat and guidance raise
• Neutral Sentiment: The company also declared a quarterly dividend of $1.97 per share, which is a modest shareholder-return update but not likely the main driver of today’s trading. Dividend announcement

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.