246 Shares in United Rentals, Inc. (NYSE:URI) Bought by Cetera Trust Company N.A

Cetera Trust Company N.A purchased a new position in shares of United Rentals, Inc. (NYSE:URI) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 246 shares of the construction company’s stock, valued at approximately $141,000.

Several other hedge funds have also recently modified their holdings of URI. OFI Invest Asset Management acquired a new stake in United Rentals in the third quarter valued at $25,000. AdvisorNet Financial Inc lifted its holdings in United Rentals by 71.4% in the fourth quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock valued at $28,000 after acquiring an additional 20 shares during the period. NBC Securities Inc. acquired a new stake in United Rentals in the third quarter valued at $29,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in United Rentals in the third quarter valued at $40,000. Finally, Arlington Trust Co LLC lifted its holdings in United Rentals by 50.0% in the fourth quarter. Arlington Trust Co LLC now owns 84 shares of the construction company’s stock valued at $48,000 after acquiring an additional 28 shares during the period. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Trading Up 0.2 %

United Rentals stock opened at $629.30 on Tuesday. The stock has a market cap of $42.27 billion, a PE ratio of 17.80, a P/E/G ratio of 2.18 and a beta of 1.84. The stock has a 50-day moving average price of $679.24 and a 200 day moving average price of $573.90. United Rentals, Inc. has a 52 week low of $325.15 and a 52 week high of $732.37. The company has a current ratio of 0.81, a quick ratio of 0.75 and a debt-to-equity ratio of 1.24.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, January 24th. The construction company reported $11.26 EPS for the quarter, topping analysts’ consensus estimates of $10.85 by $0.41. The firm had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.63 billion. United Rentals had a return on equity of 36.80% and a net margin of 16.91%. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter last year, the business posted $9.74 EPS. Equities research analysts predict that United Rentals, Inc. will post 43.13 earnings per share for the current fiscal year.

United Rentals announced that its Board of Directors has initiated a share repurchase program on Wednesday, January 24th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the construction company to purchase up to 3.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

United Rentals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 1.04%. This is a positive change from United Rentals’s previous quarterly dividend of $1.48. The ex-dividend date of this dividend was Tuesday, February 13th. United Rentals’s dividend payout ratio (DPR) is presently 18.44%.

Insiders Place Their Bets

In other United Rentals news, CFO William E. Grace sold 775 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $655.62, for a total value of $508,105.50. Following the sale, the chief financial officer now directly owns 6,323 shares of the company’s stock, valued at approximately $4,145,485.26. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.49% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wells Fargo & Company raised their target price on United Rentals from $630.00 to $710.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Truist Financial started coverage on United Rentals in a research report on Thursday, March 14th. They issued a “buy” rating and a $793.00 price target for the company. Barclays raised their price target on United Rentals from $325.00 to $400.00 and gave the company an “underweight” rating in a research report on Friday, January 26th. The Goldman Sachs Group raised their price target on United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, Morgan Stanley started coverage on United Rentals in a research report on Monday, January 8th. They issued an “equal weight” rating and a $500.00 price target for the company. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, United Rentals has an average rating of “Hold” and a consensus target price of $589.21.

United Rentals Company Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.