United Rentals, Inc. (NYSE:URI) Shares Bought by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC lifted its holdings in United Rentals, Inc. (NYSE:URI) by 102.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,250 shares of the construction company’s stock after buying an additional 632 shares during the period. Fidelis Capital Partners LLC’s holdings in United Rentals were worth $923,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of URI. Farther Finance Advisors LLC boosted its position in shares of United Rentals by 11.8% in the third quarter. Farther Finance Advisors LLC now owns 436 shares of the construction company’s stock worth $353,000 after buying an additional 46 shares during the period. Conning Inc. boosted its position in shares of United Rentals by 120.5% in the third quarter. Conning Inc. now owns 1,129 shares of the construction company’s stock worth $914,000 after buying an additional 617 shares during the period. Carmichael Hill & Associates Inc. boosted its position in shares of United Rentals by 80.0% in the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after buying an additional 20 shares during the period. BSW Wealth Partners boosted its position in shares of United Rentals by 18.0% in the third quarter. BSW Wealth Partners now owns 543 shares of the construction company’s stock worth $440,000 after buying an additional 83 shares during the period. Finally, Opes Wealth Management LLC purchased a new stake in shares of United Rentals during the third quarter worth $206,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insider Buying and Selling at United Rentals

In other news, CFO William E. Grace sold 1,100 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the sale, the chief financial officer now directly owns 6,880 shares in the company, valued at approximately $4,390,128. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.53% of the company’s stock.

United Rentals Trading Down 3.9 %

Shares of NYSE:URI opened at $617.44 on Tuesday. The company has a market cap of $40.32 billion, a P/E ratio of 15.93, a P/E/G ratio of 1.43 and a beta of 1.68. The stock’s 50-day moving average is $719.38 and its 200-day moving average is $767.93. United Rentals, Inc. has a 52-week low of $596.48 and a 52-week high of $896.98. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98.

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

United Rentals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 1.16%. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date was Wednesday, February 12th. United Rentals’s payout ratio is currently 18.48%.

Analyst Upgrades and Downgrades

URI has been the subject of several recent research reports. Robert W. Baird upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective for the company in a report on Tuesday, January 14th. Morgan Stanley cut their price objective on United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. Argus increased their price objective on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Truist Financial reiterated a “buy” rating and set a $956.00 price objective (down from $963.00) on shares of United Rentals in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $829.00.

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.