Eukles Asset Management Has $6.33 Million Stock Holdings in United Rentals, Inc. $URI

Eukles Asset Management reduced its position in shares of United Rentals, Inc. (NYSE:URI) by 10.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,822 shares of the construction company’s stock after selling 923 shares during the quarter. United Rentals makes up 2.5% of Eukles Asset Management’s investment portfolio, making the stock its 8th largest holding. Eukles Asset Management’s holdings in United Rentals were worth $6,331,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of URI. Capital International Investors boosted its holdings in shares of United Rentals by 22.8% during the 3rd quarter. Capital International Investors now owns 3,402,524 shares of the construction company’s stock worth $3,247,762,000 after buying an additional 631,484 shares during the period. TD Asset Management Inc boosted its holdings in shares of United Rentals by 66.5% during the 3rd quarter. TD Asset Management Inc now owns 484,450 shares of the construction company’s stock worth $462,485,000 after buying an additional 193,416 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in shares of United Rentals by 3,459.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 196,688 shares of the construction company’s stock worth $159,184,000 after buying an additional 191,162 shares during the period. Capital World Investors boosted its holdings in United Rentals by 6.7% in the 3rd quarter. Capital World Investors now owns 2,678,614 shares of the construction company’s stock valued at $2,557,158,000 after purchasing an additional 168,685 shares during the period. Finally, Public Sector Pension Investment Board boosted its holdings in United Rentals by 3,094.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 155,273 shares of the construction company’s stock valued at $148,233,000 after purchasing an additional 150,412 shares during the period. 96.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

URI has been the subject of a number of research reports. Royal Bank Of Canada increased their price target on shares of United Rentals from $1,041.00 to $1,119.00 and gave the company an “outperform” rating in a report on Friday, April 24th. KeyCorp increased their price target on shares of United Rentals from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Barclays increased their price target on shares of United Rentals from $600.00 to $715.00 and gave the company an “underweight” rating in a report on Friday, April 24th. Truist Financial set a $1,209.00 price target on shares of United Rentals in a report on Friday, April 24th. Finally, Robert W. Baird increased their price target on shares of United Rentals from $970.00 to $1,100.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Thirteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $996.94.

United Rentals Trading Up 0.1%

Shares of United Rentals stock opened at $939.20 on Tuesday. The stock has a market capitalization of $58.84 billion, a P/E ratio of 23.96, a price-to-earnings-growth ratio of 1.49 and a beta of 1.83. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.37. The company has a 50-day simple moving average of $835.10 and a 200 day simple moving average of $841.76. United Rentals, Inc. has a 12-month low of $681.98 and a 12-month high of $1,021.47.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). The firm had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.20 billion. United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the business earned $8.86 EPS. Research analysts expect that United Rentals, Inc. will post 47.07 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th will be issued a dividend of $1.97 per share. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $7.88 dividend on an annualized basis and a yield of 0.8%. United Rentals’s dividend payout ratio is currently 20.10%.

United Rentals declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, January 28th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the construction company to buy up to 8.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Insider Activity at United Rentals

In other United Rentals news, EVP Craig Adam Pintoff sold 2,466 shares of the stock in a transaction dated 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 sale, the executive vice president owned 14,774 shares of the company’s stock, valued at $14,227,362. This represents a 14.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Andrew B. Limoges sold 548 shares of the stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $977.86, for a total transaction of $535,867.28. Following the sale, the vice president directly owned 1,865 shares in the company, valued at approximately $1,823,708.90. This represents a 22.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 26,088 shares of company stock worth $25,628,877 in the last quarter. Insiders own 0.47% of the company’s stock.

United Rentals 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.