HUB Investment Partners LLC Has $948,000 Position in United Rentals, Inc. (NYSE:URI)

HUB Investment Partners LLC raised its position in United Rentals, Inc. (NYSE:URI) by 20.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,346 shares of the construction company’s stock after purchasing an additional 233 shares during the quarter. HUB Investment Partners LLC’s holdings in United Rentals were worth $948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in URI. GSA Capital Partners LLP lifted its stake in United Rentals by 54.2% in the third quarter. GSA Capital Partners LLP now owns 589 shares of the construction company’s stock valued at $477,000 after acquiring an additional 207 shares during the last quarter. OneDigital Investment Advisors LLC lifted its stake in United Rentals by 3.2% in the third quarter. OneDigital Investment Advisors LLC now owns 650 shares of the construction company’s stock valued at $526,000 after acquiring an additional 20 shares during the last quarter. Quest Partners LLC lifted its stake in United Rentals by 4.5% in the third quarter. Quest Partners LLC now owns 890 shares of the construction company’s stock valued at $721,000 after acquiring an additional 38 shares during the last quarter. Prospera Financial Services Inc lifted its stake in United Rentals by 20.1% in the third quarter. Prospera Financial Services Inc now owns 933 shares of the construction company’s stock valued at $756,000 after acquiring an additional 156 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its stake in shares of United Rentals by 11.2% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 757 shares of the construction company’s stock worth $613,000 after buying an additional 76 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of United Rentals stock opened at $631.14 on Friday. United Rentals, Inc. has a twelve month low of $585.27 and a twelve month high of $896.98. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The company has a 50-day simple moving average of $697.25 and a two-hundred day simple moving average of $757.17. The stock has a market capitalization of $41.22 billion, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, January 29th. The construction company reported $11.59 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%. Analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a $1.79 dividend. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a yield of 1.13%. The ex-dividend date was Wednesday, February 12th. United Rentals’s dividend payout ratio (DPR) is currently 18.48%.

Insider Buying and Selling at United Rentals

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $638.10, for a total value of $701,910.00. Following the transaction, the chief financial officer now directly owns 6,880 shares of the company’s stock, valued at $4,390,128. This trade represents a 13.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on URI. Truist Financial restated a “buy” rating and set a $956.00 target price (down previously from $963.00) on shares of United Rentals in a research note on Friday, January 31st. JPMorgan Chase & Co. raised their target price on shares of United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Citigroup cut their target price on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Morgan Stanley cut their target price on shares of 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. Finally, Robert W. Baird upgraded 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, United Rentals has a consensus rating of “Moderate Buy” and a consensus price target of $829.00.

United Rentals Company 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.