Yousif Capital Management LLC Acquires 1,464 Shares of United Rentals, Inc. (NYSE:URI)

Yousif Capital Management LLC increased its holdings in United Rentals, Inc. (NYSE:URI) by 14.4% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 11,638 shares of the construction company’s stock after buying an additional 1,464 shares during the quarter. Yousif Capital Management LLC’s holdings in United Rentals were worth $6,673,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of URI. International Assets Investment Management LLC boosted its position in United Rentals by 58,829.4% in the fourth quarter. International Assets Investment Management LLC now owns 1,043,051 shares of the construction company’s stock worth $598,106,000 after purchasing an additional 1,041,281 shares during the last quarter. Deutsche Bank AG boosted its position in United Rentals by 88.1% in the third quarter. Deutsche Bank AG now owns 362,151 shares of the construction company’s stock worth $161,001,000 after purchasing an additional 169,586 shares during the last quarter. Invesco Ltd. boosted its position in United Rentals by 19.1% in the third quarter. Invesco Ltd. now owns 933,428 shares of the construction company’s stock worth $414,974,000 after purchasing an additional 149,838 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new position in United Rentals in the third quarter worth about $40,634,000. Finally, The Manufacturers Life Insurance Company lifted its position in shares of United Rentals by 12.7% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 638,958 shares of the construction company’s stock valued at $284,061,000 after buying an additional 72,066 shares in the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on URI shares. Evercore ISI lifted their price objective on United Rentals from $575.00 to $740.00 and gave the company an “outperform” rating in a research report on Tuesday, February 20th. Wells Fargo & Company lifted their price objective on United Rentals from $630.00 to $710.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Barclays lifted their price objective on United Rentals from $325.00 to $400.00 and gave the company an “underweight” rating in a research report on Friday, January 26th. Truist Financial started coverage on United Rentals in a report on Thursday, March 14th. They issued a “buy” rating and a $793.00 price target on the stock. Finally, The Goldman Sachs Group boosted their price target on United Rentals from $718.00 to $790.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $589.21.

United Rentals Stock Performance

NYSE:URI opened at $667.00 on Thursday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.81 and a quick ratio of 0.75. United Rentals, Inc. has a 1 year low of $325.15 and a 1 year high of $732.37. The stock’s 50 day simple moving average is $679.77 and its two-hundred day simple moving average is $576.07. The company has a market cap of $44.80 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 2.29 and a beta of 1.84.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, April 24th. The construction company reported $9.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.35 by $0.80. United Rentals had a return on equity of 36.80% and a net margin of 16.91%. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter in the previous year, the company posted $7.95 EPS. The company’s revenue was up 6.1% compared to the same quarter last year. As a group, equities analysts anticipate that United Rentals, Inc. will post 43.13 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 0.98%. United Rentals’s dividend payout ratio is currently 18.44%.

United Rentals declared that its board has authorized a stock buyback plan on Wednesday, January 24th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 3.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Insider Activity

In other news, CFO William E. Grace sold 775 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $655.62, for a total transaction of $508,105.50. Following the transaction, the chief financial officer now owns 6,323 shares of the company’s stock, valued at approximately $4,145,485.26. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.53% of the company’s stock.

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.