Signet Financial Management LLC Acquires 27 Shares of United Rentals, Inc. (NYSE:URI)

Signet Financial Management LLC increased its stake in shares of United Rentals, Inc. (NYSE:URI) by 0.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,755 shares of the construction company’s stock after acquiring an additional 27 shares during the period. United Rentals comprises about 1.1% of Signet Financial Management LLC’s portfolio, making the stock its 18th largest position. Signet Financial Management LLC’s holdings in United Rentals were worth $8,985,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in URI. Mirae Asset Global Investments Co. Ltd. increased its stake in United Rentals by 11.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,203 shares of the construction company’s stock valued at $7,492,000 after buying an additional 964 shares during the last quarter. Retireful LLC acquired a new position in United Rentals during the third quarter valued at approximately $697,000. Mizuho Securities USA LLC increased its position in shares of United Rentals by 1,067.5% during the 3rd quarter. Mizuho Securities USA LLC now owns 59,879 shares of the construction company’s stock worth $48,486,000 after purchasing an additional 54,750 shares during the last quarter. XTX Topco Ltd boosted its holdings in shares of United Rentals by 428.8% in the 3rd quarter. XTX Topco Ltd now owns 1,692 shares of the construction company’s stock valued at $1,370,000 after buying an additional 1,372 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of United Rentals by 7.6% in the fourth quarter. Nordea Investment Management AB now owns 732,954 shares of the construction company’s stock valued at $517,018,000 after buying an additional 52,037 shares in the last quarter. 96.26% of the stock is owned by institutional investors.

Insider Transactions at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the transaction, the senior vice president now directly owns 2,044 shares of the company’s stock, valued at $1,682,702.56. The trade was a 30.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.53% of the company’s stock.

United Rentals Trading Up 2.6 %

Shares of United Rentals stock traded up $17.12 on Monday, hitting $688.06. The stock had a trading volume of 754,871 shares, compared to its average volume of 685,113. United Rentals, Inc. has a twelve month low of $545.16 and a twelve month high of $896.98. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82. The firm has a market capitalization of $45.15 billion, a P/E ratio of 17.97, a PEG ratio of 1.83 and a beta of 1.69. The stock has a 50 day moving average of $789.04 and a 200 day moving average of $758.98.

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%. United Rentals’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $11.73 EPS. Sell-side analysts expect that United Rentals, Inc. will post 43.46 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a dividend of $1.63 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $6.52 annualized dividend and a yield of 0.95%. United Rentals’s payout ratio is 17.03%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on URI. Citigroup lifted their price target on United Rentals from $955.00 to $985.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Robert W. Baird lifted their price target on United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a report on Thursday, October 3rd. Bank of America upped their price objective on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Truist Financial boosted their target price on shares of United Rentals from $955.00 to $965.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, Argus lifted their price objective on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $817.08.

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.