AXQ Capital LP Buys Shares of 371 United Rentals, Inc. (NYSE:URI)

AXQ Capital LP bought a new stake in United Rentals, Inc. (NYSE:URI) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 371 shares of the construction company’s stock, valued at approximately $261,000.

Several other large investors have also modified their holdings of URI. Avior Wealth Management LLC lifted its holdings 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 acquiring an additional 42 shares during the period. LPL Financial LLC lifted its holdings 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 acquiring an additional 9,684 shares during the period. Great Valley Advisor Group Inc. lifted its holdings in shares of United Rentals by 23.3% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 392 shares of the construction company’s stock worth $318,000 after acquiring an additional 74 shares during the period. Kingsview Wealth Management LLC lifted its holdings in shares of United Rentals by 2.0% during the 3rd quarter. Kingsview Wealth Management LLC now owns 2,914 shares of the construction company’s stock worth $2,360,000 after acquiring an additional 57 shares during the period. Finally, WESPAC Advisors LLC purchased a new position in shares of United Rentals during the 3rd quarter worth about $937,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Stock Performance

Shares of URI opened at $628.63 on Monday. The business’s fifty day moving average price is $696.39 and its 200 day moving average price is $757.16. United Rentals, Inc. has a 12-month low of $585.27 and a 12-month high of $896.98. The stock has a market capitalization of $41.05 billion, a PE ratio of 16.22, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92.

United Rentals (NYSE:URI) last announced its quarterly earnings data 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 return on equity of 34.21% and a net margin of 16.78%. Equities research analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, February 12th. This is a boost from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a yield of 1.14%. United Rentals’s dividend payout ratio (DPR) is 18.48%.

Analyst Upgrades and Downgrades

URI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased 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 report on Friday, January 31st. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. 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 report on Tuesday, January 14th. Citigroup lowered their price objective on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, Evercore ISI lowered their price objective on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $815.67.

Insider Buying and Selling

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $638.10, for a total value 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. This trade represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.53% of the stock is currently owned by company insiders.

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.