Regents Gate Capital LLP Invests $10.16 Million in United Rentals, Inc. (NYSE:URI)

Regents Gate Capital LLP bought a new position in United Rentals, Inc. (NYSE:URI) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 14,415 shares of the construction company’s stock, valued at approximately $10,155,000. United Rentals makes up approximately 4.0% of Regents Gate Capital LLP’s investment portfolio, making the stock its 6th largest holding.

Other hedge funds have also recently modified their holdings of the company. ORG Wealth Partners LLC purchased a new position in United Rentals in the 4th quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of United Rentals in the third quarter worth approximately $31,000. Carmichael Hill & Associates Inc. raised its holdings in shares of United Rentals by 80.0% during the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock valued at $36,000 after purchasing an additional 20 shares during the last quarter. Hanson & Doremus Investment Management bought a new position in United Rentals during the fourth quarter valued at approximately $33,000. Finally, HM Payson & Co. purchased a new stake in United Rentals in the third quarter worth approximately $41,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

URI has been the subject of a number of research reports. 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 research note on Thursday, October 24th. Citigroup lowered their target price on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. 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 note on Friday, January 31st. Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. boosted their target price 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 issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, United Rentals currently has an average rating of “Moderate Buy” and an average target price of $814.08.

United Rentals Price Performance

Shares of United Rentals stock opened at $740.69 on Monday. The stock’s 50-day simple moving average is $752.83 and its 200-day simple moving average is $770.13. 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 52 week low of $596.48 and a 52 week high of $896.98. The company has a market capitalization of $48.37 billion, a price-to-earnings ratio of 19.11, a PEG ratio of 1.54 and a beta of 1.68.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing the consensus estimate 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, analysts expect that United Rentals, Inc. will post 44.93 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be issued a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 0.97%. This is a boost from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date is Wednesday, February 12th. United Rentals’s payout ratio is 16.83%.

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.