Pines Wealth Management LLC Invests $255,000 in United Rentals, Inc. (NYSE:URI)

Pines Wealth Management LLC bought a new stake in United Rentals, Inc. (NYSE:URI) during the fourth quarter, HoldingsChannel.com reports. The fund bought 380 shares of the construction company’s stock, valued at approximately $255,000.

Several other hedge funds have also bought and sold shares of the company. ORG Wealth Partners LLC bought a new stake in United Rentals in the fourth quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of United Rentals during the 3rd quarter worth approximately $31,000. Carmichael Hill & Associates Inc. raised its stake in United Rentals by 80.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock valued at $36,000 after acquiring an additional 20 shares during the period. HM Payson & Co. acquired a new stake in United Rentals during the 3rd quarter valued at $41,000. Finally, Trust Co. of Vermont boosted its position in United Rentals by 6,000.0% during the third quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock worth $49,000 after purchasing an additional 60 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Argus increased their price objective on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Citigroup cut their price objective on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research report on Tuesday. Truist Financial upped their target price on United Rentals from $955.00 to $965.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Bank of America lifted their price target on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Barclays upped their price objective on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $805.25.

United Rentals Price Performance

URI stock opened at $741.70 on Thursday. The company’s 50-day moving average price is $785.71 and its two-hundred day moving average price is $760.02. The firm has a market cap of $48.67 billion, a P/E ratio of 19.37, a P/E/G ratio of 1.83 and a beta of 1.69. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. United Rentals, Inc. has a 12 month low of $545.16 and a 12 month high of $896.98.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing the consensus estimate of $12.49 by ($0.69). The firm had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $11.73 earnings per share. On average, analysts anticipate that United Rentals, Inc. will post 43.46 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend was Wednesday, November 13th. United Rentals’s dividend payout ratio (DPR) is presently 17.03%.

Insider Buying and Selling at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $823.24, for a total value of $740,916.00. Following the sale, the senior vice president now directly owns 2,044 shares in the company, valued at approximately $1,682,702.56. This trade represents a 30.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company 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.