Mission Creek Capital Partners Inc. Purchases 345 Shares of United Rentals, Inc. (NYSE:URI)

Mission Creek Capital Partners Inc. boosted its position in shares of United Rentals, Inc. (NYSE:URI) by 16.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,391 shares of the construction company’s stock after buying an additional 345 shares during the period. Mission Creek Capital Partners Inc.’s holdings in United Rentals were worth $1,684,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in United Rentals in the third quarter valued at approximately $2,147,000. Tidal Investments LLC increased its stake in shares of United Rentals by 8.1% in the 3rd quarter. Tidal Investments LLC now owns 8,295 shares of the construction company’s stock valued at $6,717,000 after purchasing an additional 624 shares during the last quarter. Synovus Financial Corp raised its holdings in shares of United Rentals by 8.4% during the 3rd quarter. Synovus Financial Corp now owns 634 shares of the construction company’s stock worth $513,000 after buying an additional 49 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of United Rentals by 6.1% during the 3rd quarter. Franklin Resources Inc. now owns 996,014 shares of the construction company’s stock worth $862,110,000 after buying an additional 57,002 shares during the last quarter. Finally, American Trust boosted its stake in United Rentals by 206.3% in the third quarter. American Trust now owns 1,207 shares of the construction company’s stock valued at $977,000 after buying an additional 813 shares in the last quarter. 96.26% of the stock is owned by institutional investors.

Insider Activity at United Rentals

In other news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the completion of the transaction, the chief financial officer now directly owns 6,880 shares of the company’s stock, valued at approximately $4,390,128. This trade represents a 13.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.53% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on URI shares. UBS Group downgraded United Rentals from a “buy” rating to a “sell” rating and lowered their target price for the stock from $910.00 to $485.00 in a research note on Monday, April 7th. Robert W. Baird upped their price objective on shares of United Rentals from $535.00 to $571.00 and gave the stock a “neutral” rating in a research report on Friday. Truist Financial raised their target price on shares of United Rentals from $732.00 to $786.00 and gave the company a “buy” rating in a research report on Friday. Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Evercore ISI cut their price objective on United Rentals from $1,004.00 to $974.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $725.69.

United Rentals Trading Down 2.0 %

Shares of URI stock opened at $634.70 on Friday. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $896.98. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The stock has a market cap of $41.47 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 1.43 and a beta of 1.72. The stock has a 50-day moving average of $615.93 and a 200-day moving average of $726.40.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share for the quarter, missing analysts’ consensus estimates of $8.92 by ($0.06). The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.61 billion. United Rentals had a net margin of 16.78% and a return on equity of 34.21%. On average, equities research analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be issued a $1.79 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $7.16 annualized dividend and a yield of 1.13%. United Rentals’s payout ratio is 18.54%.

United Rentals 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.