Fox Run Management L.L.C. Takes $1.66 Million Position in United Rentals, Inc. (NYSE:URI)

Fox Run Management L.L.C. bought a new position in United Rentals, Inc. (NYSE:URI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,353 shares of the construction company’s stock, valued at approximately $1,658,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quest Partners LLC lifted its stake in shares of United Rentals by 4.5% in the 3rd quarter. Quest Partners LLC now owns 890 shares of the construction company’s stock valued at $721,000 after purchasing an additional 38 shares in the last quarter. Prospera Financial Services Inc lifted its position in United Rentals by 20.1% during the third quarter. Prospera Financial Services Inc now owns 933 shares of the construction company’s stock valued at $756,000 after buying an additional 156 shares in the last quarter. Avior Wealth Management LLC grew its stake in United Rentals by 24.0% during the third quarter. Avior Wealth Management LLC now owns 217 shares of the construction company’s stock worth $176,000 after buying an additional 42 shares during the period. First Horizon Advisors Inc. increased its position in shares of United Rentals by 3.5% in the third quarter. First Horizon Advisors Inc. now owns 565 shares of the construction company’s stock worth $458,000 after acquiring an additional 19 shares in the last quarter. Finally, LPL Financial LLC raised its stake in shares of United Rentals by 8.4% in the 3rd quarter. LPL Financial LLC now owns 124,946 shares of the construction company’s stock valued at $101,173,000 after acquiring an additional 9,684 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on URI shares. Evercore ISI decreased their price target on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Truist Financial reiterated a “buy” rating and issued a $956.00 target price (down previously from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Citigroup reduced their price target on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. increased their price objective on shares of United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, United Rentals presently has a consensus rating of “Moderate Buy” and a consensus price target of $815.67.

Insider Transactions at United Rentals

In related news, CFO William E. Grace sold 1,100 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the transaction, the chief financial officer now directly owns 6,880 shares in the company, valued at $4,390,128. This trade represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.53% of the company’s stock.

United Rentals Trading Down 0.3 %

URI opened at $628.63 on Friday. United Rentals, Inc. has a 12-month low of $585.27 and a 12-month high of $896.98. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The stock has a market capitalization of $41.05 billion, a PE ratio of 16.22, a P/E/G ratio of 1.43 and a beta of 1.76. The firm’s fifty day moving average price is $696.39 and its 200 day moving average price is $756.39.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. As a group, research analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Wednesday, February 12th. This is an increase from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio (DPR) is currently 18.48%.

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.