United Rentals, Inc. (NYSE:URI) Position Boosted by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in United Rentals, Inc. (NYSE:URI) by 26.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,141 shares of the construction company’s stock after purchasing an additional 237 shares during the quarter. GAMMA Investing LLC’s holdings in United Rentals were worth $804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Versant Capital Management Inc lifted its position in United Rentals by 104.7% in the 4th quarter. Versant Capital Management Inc now owns 131 shares of the construction company’s stock worth $92,000 after buying an additional 67 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of United Rentals by 15.4% during the third quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company’s stock worth $637,968,000 after acquiring an additional 105,287 shares in the last quarter. Principal Financial Group Inc. boosted its position in United Rentals by 3.3% during the third quarter. Principal Financial Group Inc. now owns 79,235 shares of the construction company’s stock valued at $64,159,000 after purchasing an additional 2,554 shares during the last quarter. Copley Financial Group Inc. purchased a new position in United Rentals in the third quarter valued at about $207,000. Finally, Retirement Systems of Alabama increased its position in United Rentals by 250.7% in the 3rd quarter. Retirement Systems of Alabama now owns 51,512 shares of the construction company’s stock worth $41,711,000 after purchasing an additional 36,823 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

URI has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Barclays boosted their target price on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Bank of America increased their price target on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Citigroup lifted their price objective on shares of United Rentals from $955.00 to $985.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, Truist Financial increased their target price on shares of United Rentals from $955.00 to $965.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Three analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, United Rentals has an average rating of “Hold” and a consensus price target of $770.71.

Insider Transactions at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the sale, the senior vice president now owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. This trade represents a 30.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.53% of the company’s stock.

United Rentals Price Performance

NYSE URI opened at $695.31 on Friday. The stock has a market capitalization of $45.63 billion, a PE ratio of 18.16, a P/E/G ratio of 1.83 and a beta of 1.66. The stock has a 50-day simple moving average of $802.52 and a 200 day simple moving average of $756.87. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82. United Rentals, Inc. has a twelve month low of $533.70 and a twelve month high of $896.98.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). The business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $11.73 earnings per share. Research analysts anticipate that United Rentals, Inc. will post 43.46 EPS for the current year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a $1.63 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $6.52 annualized dividend and a yield of 0.94%. United Rentals’s dividend payout ratio is 17.03%.

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.