Virtu Financial LLC Makes New $2.59 Million Investment in United Rentals, Inc. (NYSE:URI)

Virtu Financial LLC bought a new position in shares of United Rentals, Inc. (NYSE:URI) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 3,677 shares of the construction company’s stock, valued at approximately $2,590,000.

Several other institutional investors also recently made changes to their positions in URI. Prospera Financial Services Inc boosted its position in shares of United Rentals by 20.1% during the 3rd quarter. Prospera Financial Services Inc now owns 933 shares of the construction company’s stock worth $756,000 after purchasing an additional 156 shares in the last quarter. Avior Wealth Management LLC raised its stake in shares of United Rentals by 24.0% during the 3rd quarter. Avior Wealth Management LLC now owns 217 shares of the construction company’s stock worth $176,000 after buying an additional 42 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of United Rentals by 3.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 565 shares of the construction company’s stock worth $458,000 after buying an additional 19 shares during the last quarter. LPL Financial LLC raised its stake in shares of United Rentals by 8.4% during the 3rd quarter. LPL Financial LLC now owns 124,946 shares of the construction company’s stock worth $101,173,000 after buying an additional 9,684 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of United Rentals by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 438,427 shares of the construction company’s stock worth $355,007,000 after buying an additional 5,325 shares during the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Trading Down 0.3 %

NYSE URI opened at $628.63 on Friday. United Rentals, Inc. has a 12 month low of $585.27 and a 12 month high of $896.98. The company has a 50-day moving average of $696.39 and a 200-day moving average of $756.77. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The company has a market cap of $41.05 billion, a P/E ratio of 16.22, a P/E/G ratio of 1.43 and a beta of 1.76.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing analysts’ consensus estimates of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. As a group, equities analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a dividend of $1.79 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.14%. This is an increase from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio is currently 18.48%.

Insider Transactions at United Rentals

In other news, CFO William E. Grace sold 1,100 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the completion of the sale, the chief financial officer now owns 6,880 shares in the company, valued at approximately $4,390,128. The trade was a 13.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on URI shares. Morgan Stanley cut their price target on United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Evercore ISI cut their price target on United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. JPMorgan Chase & Co. lifted their price target on United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price for the company in a research note on Tuesday, January 14th. Finally, Truist Financial reissued a “buy” rating and issued a $956.00 target price (down previously from $963.00) on shares of United Rentals in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $815.67.

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.