V Square Quantitative Management LLC Grows Stake in United Rentals, Inc. (NYSE:URI)

V Square Quantitative Management LLC lifted its stake in shares of United Rentals, Inc. (NYSE:URI) by 13.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,475 shares of the construction company’s stock after purchasing an additional 291 shares during the period. V Square Quantitative Management LLC’s holdings in United Rentals were worth $1,743,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of URI. ORG Wealth Partners LLC purchased a new stake in shares of United Rentals during the fourth quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of United Rentals during the third quarter worth about $31,000. Hanson & Doremus Investment Management acquired a new position in United Rentals during the fourth quarter worth about $33,000. Carmichael Hill & Associates Inc. boosted its position in United Rentals by 80.0% during the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after acquiring an additional 20 shares during the last quarter. Finally, HM Payson & Co. acquired a new position in United Rentals during the third quarter worth about $41,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of URI opened at $729.59 on Friday. United Rentals, Inc. has a fifty-two week low of $596.48 and a fifty-two week high of $896.98. The firm’s 50 day moving average price is $743.13 and its 200 day moving average price is $769.56. The company has a market cap of $47.65 billion, a P/E ratio of 18.83, a PEG ratio of 1.54 and a beta of 1.68. 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 (NYSE:URI) last announced 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%. On average, research analysts forecast that United Rentals, Inc. will post 44.93 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be given a $1.79 dividend. The ex-dividend date is Wednesday, February 12th. This is an increase from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.98%. United Rentals’s dividend payout ratio is currently 16.83%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on URI shares. Morgan Stanley lowered their price target on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. Truist Financial restated a “buy” rating and set a $956.00 price target (down from $963.00) on shares of United Rentals in a research report on Friday, January 31st. Citigroup lowered their price target on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research report 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 on the stock in a research report on Tuesday, January 14th. Finally, Bank of America boosted their target price on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, United Rentals has a consensus rating of “Moderate Buy” and a consensus target price of $814.08.

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.