Factorial Partners LLC decreased its holdings in shares of United Rentals, Inc. (NYSE:URI – Free Report) by 8.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,500 shares of the construction company’s stock after selling 790 shares during the period. United Rentals comprises approximately 4.5% of Factorial Partners LLC’s investment portfolio, making the stock its 4th largest holding. Factorial Partners LLC’s holdings in United Rentals were worth $6,879,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in URI. Vantus Wealth LLC purchased a new position in United Rentals in the 4th quarter valued at $346,000. Cercano Management LLC lifted its holdings in United Rentals by 3,451.4% in the 4th quarter. Cercano Management LLC now owns 7,458 shares of the construction company’s stock valued at $6,036,000 after purchasing an additional 7,248 shares in the last quarter. New Mexico Educational Retirement Board lifted its holdings in United Rentals by 3.4% in the 4th quarter. New Mexico Educational Retirement Board now owns 3,000 shares of the construction company’s stock valued at $2,428,000 after purchasing an additional 100 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in United Rentals by 398.7% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 7,880 shares of the construction company’s stock valued at $6,377,000 after purchasing an additional 6,300 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its holdings in United Rentals by 3.2% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 490 shares of the construction company’s stock valued at $396,000 after purchasing an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.
United Rentals Stock Up 0.2%
Shares of NYSE:URI opened at $998.03 on Tuesday. The company has a market capitalization of $62.53 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 1.58 and a beta of 1.81. United Rentals, Inc. has a 12-month low of $681.98 and a 12-month high of $1,021.47. The business has a 50-day moving average price of $860.45 and a 200 day moving average price of $846.62. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37.
United Rentals Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were paid a $1.97 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.8%. United Rentals’s payout ratio is presently 20.10%.
Insider Transactions at United Rentals
In related news, SVP Joli L. Gross sold 306 shares of the firm’s stock in a transaction dated 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. This trade represents a 5.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Andrew B. Limoges sold 548 shares of United Rentals stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $977.86, for a total value of $535,867.28. Following the completion of the transaction, the vice president directly owned 1,865 shares of the company’s stock, valued at approximately $1,823,708.90. This represents a 22.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,088 shares of company stock worth $25,628,877 over the last quarter. 0.47% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of brokerages have weighed in on URI. Royal Bank Of Canada raised their price objective on United Rentals from $1,041.00 to $1,119.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Weiss Ratings upgraded United Rentals from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Robert W. Baird raised their price objective on United Rentals from $970.00 to $1,100.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Citigroup raised their price objective on United Rentals from $950.00 to $1,130.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $1,030.00 price target on shares of United Rentals in a report on Friday, April 24th. Twelve analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, United Rentals currently has a consensus rating of “Moderate Buy” and an average target price of $1,006.13.
Read Our Latest Research Report on URI
United Rentals 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.
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