Balefire LLC Invests $1.38 Million in United Rentals, Inc. $URI

Balefire LLC bought a new stake in United Rentals, Inc. (NYSE:URI) in the 1st quarter, Holdings Channel reports. The fund bought 1,889 shares of the construction company’s stock, valued at approximately $1,376,000.

A number of other large investors have also added to or reduced their stakes in URI. Norges Bank purchased a new stake in United Rentals during the 4th quarter worth $978,017,000. Corient Private Wealth LLC boosted its position in United Rentals by 1,667.4% in the 4th quarter. Corient Private Wealth LLC now owns 343,965 shares of the construction company’s stock valued at $278,378,000 after buying an additional 324,503 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in United Rentals by 3,459.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 196,688 shares of the construction company’s stock valued at $159,184,000 after buying an additional 191,162 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of United Rentals during the fourth quarter valued at about $102,945,000. Finally, Victory Capital Management Inc. grew its stake in shares of United Rentals by 103.7% during the fourth quarter. Victory Capital Management Inc. now owns 231,018 shares of the construction company’s stock valued at $186,967,000 after acquiring an additional 117,584 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Trading Down 0.1%

Shares of NYSE URI opened at $1,043.73 on Monday. The company has a market cap of $65.39 billion, a price-to-earnings ratio of 26.63, a price-to-earnings-growth ratio of 1.67 and a beta of 1.79. United Rentals, Inc. has a 12-month low of $701.59 and a 12-month high of $1,143.69. 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’s 50 day simple moving average is $1,041.31 and its 200 day simple moving average is $911.07.

United Rentals (NYSE:URI) last announced its quarterly 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 net margin of 15.32% and a return on equity of 30.56%. The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the previous year, the business posted $8.86 EPS. United Rentals’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities research analysts expect that United Rentals, Inc. will post 46.85 EPS for the current year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were issued a $1.97 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $7.88 annualized dividend and a yield of 0.8%. United Rentals’s dividend payout ratio is presently 20.10%.

Wall Street Analyst Weigh In

Several research analysts recently commented on URI shares. JPMorgan Chase & Co. boosted their price target on United Rentals from $1,050.00 to $1,100.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Weiss Ratings lowered United Rentals from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 9th. UBS Group lifted their price objective on United Rentals from $1,145.00 to $1,300.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Royal Bank Of Canada upped their target price on United Rentals from $1,041.00 to $1,119.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, Truist Financial increased their price objective on shares of United Rentals from $1,209.00 to $1,421.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Fourteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,140.00.

Insider Activity at United Rentals

In related news, EVP Craig Adam Pintoff sold 2,466 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $963.00, for a total transaction of $2,374,758.00. Following the transaction, the executive vice president owned 14,774 shares in the company, valued at $14,227,362. This trade represents a 14.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew John Flannery sold 22,768 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $984.98, for a total value of $22,426,024.64. Following the sale, the chief executive officer directly owned 99,980 shares in the company, valued at approximately $98,478,300.40. The trade was a 18.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 26,088 shares of company stock worth $25,628,877. 0.47% of the stock is owned by company insiders.

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.