IFP Advisors Inc Cuts Holdings in United Rentals, Inc. (NYSE:URI)

IFP Advisors Inc trimmed its holdings in shares of United Rentals, Inc. (NYSE:URIFree Report) by 13.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,904 shares of the construction company’s stock after selling 772 shares during the quarter. IFP Advisors Inc’s holdings in United Rentals were worth $2,813,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its holdings in United Rentals by 6.4% during the third quarter. Janney Montgomery Scott LLC now owns 21,568 shares of the construction company’s stock valued at $9,588,000 after buying an additional 1,304 shares during the period. Graybill Wealth Management LTD. increased its holdings in United Rentals by 0.6% during the third quarter. Graybill Wealth Management LTD. now owns 9,487 shares of the construction company’s stock valued at $4,218,000 after buying an additional 58 shares during the period. Capital World Investors increased its holdings in United Rentals by 10.0% during the second quarter. Capital World Investors now owns 2,109,218 shares of the construction company’s stock valued at $939,382,000 after buying an additional 192,205 shares during the period. Key Square Capital Management LLC purchased a new position in United Rentals during the second quarter valued at approximately $5,473,000. Finally, Teza Capital Management LLC grew its holdings in United Rentals by 40.5% in the third quarter. Teza Capital Management LLC now owns 5,012 shares of the construction company’s stock worth $2,228,000 after purchasing an additional 1,445 shares during the last quarter. 89.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Robert W. Baird lifted their price target on shares of United Rentals from $322.00 to $559.00 and gave the stock an “underperform” rating in a report on Friday, January 26th. Stifel Nicolaus lifted their price target on shares of United Rentals from $494.00 to $591.00 and gave the stock a “buy” rating in a report on Tuesday, December 19th. KeyCorp lowered shares of United Rentals from an “overweight” rating to a “sector weight” rating in a report on Monday, December 4th. Truist Financial assumed coverage on shares of United Rentals in a report on Thursday. They issued a “buy” rating and a $793.00 price target on the stock. Finally, Citigroup lifted their price target on shares of United Rentals from $490.00 to $650.00 and gave the stock a “buy” rating in a report on Friday, December 15th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $572.20.

Get Our Latest Report on United Rentals

Insiders Place Their Bets

In other United Rentals news, CFO William E. Grace sold 775 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $655.62, for a total value of $508,105.50. Following the completion of the transaction, the chief financial officer now owns 6,323 shares in the company, valued at $4,145,485.26. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.53% of the company’s stock.

United Rentals Trading Up 0.5 %

NYSE URI opened at $675.58 on Friday. The company has a market capitalization of $45.39 billion, a PE ratio of 19.11, a P/E/G ratio of 2.49 and a beta of 1.84. The company has a fifty day moving average of $635.60 and a 200 day moving average of $530.30. United Rentals, Inc. has a 1 year low of $325.15 and a 1 year high of $732.37. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.81 and a quick ratio of 0.75.

United Rentals (NYSE:URIGet Free Report) last posted its earnings results on Wednesday, January 24th. The construction company reported $11.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.85 by $0.41. The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.63 billion. United Rentals had a net margin of 16.91% and a return on equity of 36.80%. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period in the previous year, the firm posted $9.74 earnings per share. Research analysts forecast that United Rentals, Inc. will post 42.83 earnings per share for the current year.

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were given a dividend of $1.63 per share. The ex-dividend date was Tuesday, February 13th. This is an increase from United Rentals’s previous quarterly dividend of $1.48. This represents a $6.52 dividend on an annualized basis and a yield of 0.97%. United Rentals’s payout ratio is currently 18.44%.

United Rentals declared that its Board of Directors has authorized a share repurchase program on Wednesday, January 24th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the construction company to buy up to 3.8% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

United Rentals Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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