Denali Advisors LLC Has $1.10 Million Holdings in United Rentals, Inc. $URI

Denali Advisors LLC trimmed its position in shares of United Rentals, Inc. (NYSE:URI) by 41.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,155 shares of the construction company’s stock after selling 825 shares during the period. Denali Advisors LLC’s holdings in United Rentals were worth $1,103,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in URI. Loomis Sayles & Co. L P bought a new position in United Rentals during the second quarter valued at approximately $28,000. Salomon & Ludwin LLC raised its holdings in shares of United Rentals by 650.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 30 shares of the construction company’s stock valued at $29,000 after purchasing an additional 26 shares in the last quarter. Abich Financial Wealth Management LLC bought a new position in shares of United Rentals during the 3rd quarter valued at $29,000. Cedar Mountain Advisors LLC acquired a new stake in shares of United Rentals in the 3rd quarter valued at $32,000. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in United Rentals in the third quarter worth $40,000. Institutional investors own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on URI shares. Weiss Ratings restated a “hold (c+)” rating on shares of United Rentals in a report on Wednesday, January 21st. Sanford C. Bernstein set a $965.00 target price on United Rentals in a report on Friday, January 30th. Truist Financial set a $972.00 price target on United Rentals in a report on Friday, January 30th. Robert W. Baird set a $970.00 price objective on shares of United Rentals in a research note on Friday, January 30th. Finally, Wells Fargo & Company upped their price objective on shares of United Rentals from $995.00 to $1,071.00 and gave the stock an “overweight” rating in a report on Friday, January 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, United Rentals has a consensus rating of “Moderate Buy” and a consensus price target of $925.59.

United Rentals Price Performance

NYSE:URI opened at $868.85 on Tuesday. The stock has a market cap of $54.74 billion, a P/E ratio of 22.46, a PEG ratio of 1.39 and a beta of 1.70. United Rentals, Inc. has a one year low of $525.91 and a one year high of $1,021.47. The company has a fifty day moving average price of $860.16 and a 200 day moving average price of $889.19. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.94 and a quick ratio of 0.88.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, January 28th. The construction company reported $11.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.86 by ($0.77). The company had revenue of $4.21 billion during the quarter, compared to analyst estimates of $4.24 billion. United Rentals had a return on equity of 30.35% and a net margin of 15.49%.The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $11.59 earnings per share. Analysts anticipate 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 will be paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th will be paid a dividend of $1.97 per share. This is a positive change from United Rentals’s previous quarterly dividend of $1.79. This represents a $7.88 annualized dividend and a yield of 0.9%. The ex-dividend date is Wednesday, February 11th. United Rentals’s dividend payout ratio is presently 20.37%.

United Rentals declared that its board has initiated a stock buyback program on Wednesday, January 28th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the construction company to buy up to 8.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at United Rentals

In related news, EVP Michael D. Durand sold 2,490 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $791.14, for a total value of $1,969,938.60. Following the completion of the transaction, the executive vice president directly owned 7,458 shares in the company, valued at approximately $5,900,322.12. This represents a 25.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP William E. Grace sold 1,498 shares of United Rentals stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $790.89, for a total transaction of $1,184,753.22. Following the sale, the executive vice president owned 6,872 shares in the company, valued at $5,434,996.08. This represents a 17.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.51% of the company’s stock.

About United Rentals

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.