Mach 1 Financial Group LLC Makes New $274,000 Investment in United Rentals, Inc. (NYSE:URI)

Mach 1 Financial Group LLC purchased a new stake in shares of United Rentals, Inc. (NYSE:URI) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 477 shares of the construction company’s stock, valued at approximately $274,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. AdvisorNet Financial Inc increased its holdings in United Rentals by 71.4% during the fourth quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock worth $28,000 after buying an additional 20 shares during the last quarter. OFI Invest Asset Management purchased a new stake in shares of United Rentals during the 3rd quarter valued at approximately $25,000. Larson Financial Group LLC grew its stake in United Rentals by 1,525.0% in the 4th quarter. Larson Financial Group LLC now owns 65 shares of the construction company’s stock valued at $37,000 after buying an additional 61 shares in the last quarter. NBC Securities Inc. purchased a new stake in shares of United Rentals during the third quarter worth $29,000. Finally, Arlington Trust Co LLC boosted its holdings in shares of United Rentals by 50.0% in the fourth quarter. Arlington Trust Co LLC now owns 84 shares of the construction company’s stock worth $48,000 after acquiring an additional 28 shares during the period. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

URI has been the subject of several analyst reports. Robert W. Baird raised their target price on United Rentals from $322.00 to $559.00 and gave the stock an “underperform” rating in a research note on Friday, January 26th. BNP Paribas reaffirmed an “underperform” rating and set a $485.00 target price on shares of United Rentals in a report on Friday, January 5th. Oppenheimer reissued a “market perform” rating on shares of United Rentals in a report on Monday. Wells Fargo & Company upped their price target on shares of United Rentals from $630.00 to $710.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Finally, The Goldman Sachs Group lifted their price objective on United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $600.79.

United Rentals Price Performance

NYSE URI opened at $653.76 on Thursday. The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $43.53 billion, a P/E ratio of 17.71, a PEG ratio of 2.18 and a beta of 1.82. The company has a 50-day moving average price of $682.90 and a 200-day moving average price of $583.96. United Rentals, Inc. has a 52 week low of $325.15 and a 52 week high of $732.37.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, April 24th. The construction company reported $9.15 earnings per share for the quarter, topping the consensus estimate of $8.35 by $0.80. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter in the prior year, the firm posted $7.95 EPS. United Rentals’s quarterly revenue was up 6.1% compared to the same quarter last year. Equities research analysts anticipate that United Rentals, Inc. will post 43.52 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently disclosed 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 1.00%. The ex-dividend date is Tuesday, May 7th. United Rentals’s payout ratio is currently 17.66%.

United Rentals announced that its board has initiated a stock repurchase plan on Wednesday, January 24th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the construction company to purchase up to 3.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other United Rentals news, CEO Matthew John Flannery sold 8,379 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total value of $5,862,199.77. Following the sale, the chief executive officer now owns 103,400 shares in the company, valued at approximately $72,341,742. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other United Rentals news, CEO Matthew John Flannery sold 8,379 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the completion of the transaction, the chief executive officer now owns 103,400 shares in the company, valued at $72,341,742. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William E. Grace sold 775 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $655.62, for a total transaction of $508,105.50. Following the completion of the sale, the chief financial officer now owns 6,323 shares in the company, valued at $4,145,485.26. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.

United Rentals 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.