Tortoise Investment Management LLC Purchases Shares of 100 United Rentals, Inc. (NYSE:URI)

Tortoise Investment Management LLC acquired a new stake in United Rentals, Inc. (NYSE:URI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 100 shares of the construction company’s stock, valued at approximately $57,000.

Several other hedge funds also recently modified their holdings of the stock. Jump Financial LLC bought a new position in United Rentals during the third quarter worth about $201,000. Kestra Advisory Services LLC lifted its holdings in United Rentals by 38.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 4,972 shares of the construction company’s stock valued at $2,210,000 after purchasing an additional 1,380 shares during the last quarter. Prudential PLC increased its holdings in shares of United Rentals by 171.5% in the third quarter. Prudential PLC now owns 10,820 shares of the construction company’s stock valued at $4,810,000 after purchasing an additional 6,834 shares during the last quarter. Rafferty Asset Management LLC raised its position in shares of United Rentals by 6.2% in the third quarter. Rafferty Asset Management LLC now owns 6,305 shares of the construction company’s stock valued at $2,803,000 after purchasing an additional 367 shares during the period. Finally, QRG Capital Management Inc. acquired a new stake in shares of United Rentals during the 3rd quarter worth about $12,070,000. Institutional investors own 96.26% of the company’s stock.

Insider Activity at United Rentals

In other United Rentals news, COO Michael D. Durand sold 559 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $674.56, for a total transaction of $377,079.04. Following the transaction, the chief operating officer now directly owns 8,052 shares in the company, valued at approximately $5,431,557.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other United Rentals news, CEO Matthew John Flannery sold 8,379 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 103,400 shares of the company’s stock, valued at $72,341,742. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Michael D. Durand sold 559 shares of United Rentals stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $674.56, for a total transaction of $377,079.04. Following the completion of the transaction, the chief operating officer now owns 8,052 shares of the company’s stock, valued at approximately $5,431,557.12. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.

United Rentals Stock Down 1.9 %

Shares of NYSE:URI traded down $11.62 during trading on Friday, reaching $616.21. 709,104 shares of the stock were exchanged, compared to its average volume of 513,548. The stock has a fifty day moving average of $666.16 and a two-hundred day moving average of $633.40. United Rentals, Inc. has a 1-year low of $387.01 and a 1-year high of $732.37. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.89 and a quick ratio of 0.83. The firm has a market cap of $41.03 billion, a price-to-earnings ratio of 16.69, a price-to-earnings-growth ratio of 2.00 and a beta of 1.75.

United Rentals (NYSE:URI) last released its quarterly earnings data 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 firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter in the prior year, the company posted $7.95 earnings per share. The business’s revenue was up 6.1% on a year-over-year basis. Research analysts anticipate that United Rentals, Inc. will post 43.77 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were issued a $1.63 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.06%. United Rentals’s dividend payout ratio is presently 17.66%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on URI shares. Truist Financial increased their price objective on United Rentals from $793.00 to $796.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Stifel Nicolaus upped their target price on United Rentals from $720.00 to $750.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Oppenheimer reaffirmed a “market perform” rating on shares of United Rentals in a research note on Monday, April 29th. Evercore ISI boosted their target price on shares of United Rentals from $575.00 to $740.00 and gave the company an “outperform” rating in a research report on Tuesday, February 20th. Finally, The Goldman Sachs Group increased their price target on shares of United Rentals from $718.00 to $790.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, United Rentals has an average rating of “Hold” and an average price target of $612.73.

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.