Atala Financial Inc Purchases Shares of 396 United Rentals, Inc. (NYSE:URI)

Atala Financial Inc acquired a new position in shares of United Rentals, Inc. (NYSE:URI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 396 shares of the construction company’s stock, valued at approximately $279,000.

Other institutional investors also recently made changes to their positions in the company. Assetmark Inc. grew its holdings in United Rentals by 7.0% in the 3rd quarter. Assetmark Inc. now owns 1,446 shares of the construction company’s stock valued at $1,171,000 after buying an additional 95 shares in the last quarter. Axxcess Wealth Management LLC bought a new stake in shares of United Rentals in the third quarter valued at about $440,000. Ashton Thomas Securities LLC acquired a new position in shares of United Rentals in the third quarter valued at about $61,000. Apollon Wealth Management LLC grew its position in shares of United Rentals by 18.1% during the 3rd quarter. Apollon Wealth Management LLC now owns 1,416 shares of the construction company’s stock worth $1,147,000 after purchasing an additional 217 shares in the last quarter. Finally, Harbour Investments Inc. increased its stake in United Rentals by 7.4% during the 3rd quarter. Harbour Investments Inc. now owns 1,560 shares of the construction company’s stock worth $1,263,000 after acquiring an additional 107 shares during the period. Institutional investors own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on URI. Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Truist Financial restated a “buy” rating and set a $956.00 price objective (down from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Citigroup cut their target price on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target for the company in a research report on Tuesday, January 14th. Finally, Morgan Stanley decreased their target price on United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $829.00.

United Rentals Stock Down 2.7 %

Shares of United Rentals stock opened at $593.07 on Friday. The company’s 50 day moving average is $705.09 and its 200 day moving average is $762.28. The company has a market cap of $38.73 billion, a price-to-earnings ratio of 15.31, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a twelve month low of $585.27 and a twelve month high of $896.98.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 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%. Research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 1.21%. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Wednesday, February 12th. United Rentals’s payout ratio is 18.48%.

Insider Buying and Selling at United Rentals

In other news, CFO William E. Grace sold 1,100 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $638.10, for a total transaction of $701,910.00. Following the completion of the sale, the chief financial officer now owns 6,880 shares of the company’s stock, valued at $4,390,128. The trade was a 13.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.53% of the stock is owned by corporate insiders.

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.