Townsquare Capital LLC Purchases 426 Shares of United Rentals, Inc. (NYSE:URI)

Townsquare Capital LLC lifted its position in shares of United Rentals, Inc. (NYSE:URI) by 17.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,809 shares of the construction company’s stock after purchasing an additional 426 shares during the period. Townsquare Capital LLC’s holdings in United Rentals were worth $1,979,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rialto Wealth Management LLC bought a new stake in United Rentals during the 4th quarter worth approximately $25,000. ORG Wealth Partners LLC acquired a new position in shares of United Rentals during the fourth quarter worth $26,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of United Rentals in the fourth quarter worth $27,000. Meeder Asset Management Inc. increased its holdings in United Rentals by 241.7% in the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company’s stock valued at $29,000 after purchasing an additional 29 shares during the period. Finally, Hanson & Doremus Investment Management bought a new position in United Rentals during the 4th quarter worth $33,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insider Buying and Selling at United Rentals

In related news, CFO William E. Grace sold 1,100 shares of the company’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 completion of the sale, the chief financial officer now owns 6,880 shares in the company, valued at approximately $4,390,128. This represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.53% of the company’s stock.

United Rentals Stock Down 1.9 %

Shares of NYSE:URI opened at $585.64 on Thursday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $896.98. The business’s 50 day simple moving average is $635.32 and its two-hundred day simple moving average is $736.62. The firm has a market cap of $38.26 billion, a P/E ratio of 15.11, a PEG ratio of 1.43 and a beta of 1.72.

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 return on equity of 34.21% and a net margin of 16.78%. As a group, research analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal 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 issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Wednesday, February 12th. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio is currently 18.48%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on URI. Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Truist Financial decreased their target price on shares of United Rentals from $956.00 to $732.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Evercore ISI dropped their price target on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. Sanford C. Bernstein raised shares of United Rentals from an “underperform” rating to a “market perform” rating and reduced their price objective for the company from $705.00 to $666.00 in a research note on Tuesday, March 25th. Finally, Morgan Stanley raised shares of United Rentals from an “equal weight” rating to an “overweight” rating and set a $702.00 target price for the company in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $729.79.

About United Rentals

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.