Donoghue Forlines LLC Buys New Stake in United Rentals, Inc. $URI

Donoghue Forlines LLC purchased a new stake in United Rentals, Inc. (NYSE:URI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,295 shares of the construction company’s stock, valued at approximately $2,191,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Stenger Family Office LLC lifted its stake in United Rentals by 11.5% during the third quarter. Stenger Family Office LLC now owns 3,534 shares of the construction company’s stock worth $3,182,000 after purchasing an additional 365 shares during the last quarter. Maryland State Retirement & Pension System raised its holdings in United Rentals by 1.6% during the third quarter. Maryland State Retirement & Pension System now owns 3,200 shares of the construction company’s stock worth $3,055,000 after purchasing an additional 49 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of United Rentals by 15.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,132 shares of the construction company’s stock worth $2,036,000 after buying an additional 288 shares during the last quarter. Financial Management Network Inc. boosted its holdings in shares of United Rentals by 10.3% in the 3rd quarter. Financial Management Network Inc. now owns 989 shares of the construction company’s stock valued at $977,000 after buying an additional 92 shares in the last quarter. Finally, Evergreen Capital Management LLC grew its position in shares of United Rentals by 16.5% in the 3rd quarter. Evergreen Capital Management LLC now owns 698 shares of the construction company’s stock valued at $666,000 after buying an additional 99 shares during the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

URI has been the subject of several research analyst reports. Truist Financial decreased their price objective on shares of United Rentals from $1,169.00 to $1,045.00 and set a “buy” rating for the company in a research note on Thursday, December 18th. Wells Fargo & Company began coverage on United Rentals in a report on Thursday, November 13th. They issued an “overweight” rating and a $995.00 target price for the company. Sanford C. Bernstein set a $1,128.00 price target on United Rentals and gave the stock an “outperform” rating in a research note on Tuesday, September 23rd. Royal Bank Of Canada set a $1,123.00 price target on United Rentals in a research report on Friday, October 24th. Finally, Citigroup increased their price objective on United Rentals from $950.00 to $1,090.00 and gave the company a “buy” rating in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $962.61.

United Rentals Stock Performance

NYSE URI opened at $921.21 on Friday. The stock has a market capitalization of $58.62 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 1.93 and a beta of 1.69. The business’s 50 day moving average is $835.27 and its two-hundred day moving average is $881.24. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $1,021.47. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.40.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, October 22nd. The construction company reported $11.70 EPS for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The company had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.16 billion. During the same period in the prior year, the firm posted $11.80 EPS. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. Research analysts expect that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were given a $1.79 dividend. The ex-dividend date was Wednesday, November 12th. This represents a $7.16 annualized dividend and a dividend yield of 0.8%. United Rentals’s payout ratio is currently 18.42%.

United Rentals Company Profile

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.