Brandywine Global Investment Management LLC Grows Stake in United Rentals, Inc. $URI

Brandywine Global Investment Management LLC raised its stake in United Rentals, Inc. (NYSE:URI) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,158 shares of the construction company’s stock after acquiring an additional 1,638 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in United Rentals were worth $35,738,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Abich Financial Wealth Management LLC purchased a new stake in shares of United Rentals during the 3rd quarter valued at approximately $29,000. Aventura Private Wealth LLC bought a new stake in United Rentals during the 4th quarter worth approximately $27,000. Core Wealth Advisors LLC bought a new position in shares of United Rentals in the 4th quarter worth $28,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of United Rentals in the 3rd quarter worth $35,000. Finally, Board of the Pension Protection Fund bought a new position in shares of United Rentals in the 4th quarter worth $32,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at United Rentals

In related news, CEO Matthew John Flannery sold 22,768 shares of United Rentals stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $984.98, for a total transaction of $22,426,024.64. Following the completion of the transaction, the chief executive officer directly owned 99,980 shares of the company’s stock, valued at $98,478,300.40. This trade represents a 18.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Andrew B. Limoges sold 548 shares of United Rentals stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $977.86, for a total transaction of $535,867.28. Following the transaction, the vice president directly owned 1,865 shares of the company’s stock, valued at approximately $1,823,708.90. This trade represents a 22.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 26,088 shares of company stock valued at $25,628,877. Insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on URI shares. JPMorgan Chase & Co. increased their price target on shares of United Rentals from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Truist Financial set a $1,209.00 price objective on shares of United Rentals in a research note on Friday, April 24th. Weiss Ratings raised shares of United Rentals from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Evercore reaffirmed an “outperform” rating and issued a $1,101.00 price objective on shares of United Rentals in a research note on Monday, May 11th. Finally, Barclays upped their price objective on shares of United Rentals from $600.00 to $715.00 and gave the company an “underweight” rating in a research note on Friday, April 24th. Twelve analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,013.63.

United Rentals Trading Up 1.7%

NYSE:URI opened at $1,085.65 on Tuesday. The company has a 50-day moving average price of $892.70 and a 200-day moving average price of $854.72. United Rentals, Inc. has a 12 month low of $682.08 and a 12 month high of $1,093.97. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37. The stock has a market cap of $68.02 billion, a price-to-earnings ratio of 27.70, a P/E/G ratio of 1.70 and a beta of 1.81.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing the consensus estimate of $11.47 by ($1.76). United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The company had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.20 billion. During the same period in the prior year, the business posted $8.86 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities analysts predict that United Rentals, Inc. will post 47.07 EPS for the current year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were given a dividend of $1.97 per share. This represents a $7.88 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 13th. United Rentals’s dividend payout ratio (DPR) is 20.10%.

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.