Twin Capital Management Inc. Takes $227,000 Position in United Rentals, Inc. (NYSE:URI)

Twin Capital Management Inc. bought a new stake in shares of United Rentals, Inc. (NYSE:URI) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 396 shares of the construction company’s stock, valued at approximately $227,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. OFI Invest Asset Management acquired a new stake in shares of United Rentals during the 3rd quarter valued at approximately $25,000. MUFG Americas Holdings Corp raised its position in shares of United Rentals by 1,900.0% during the 3rd quarter. MUFG Americas Holdings Corp now owns 100 shares of the construction company’s stock valued at $27,000 after acquiring an additional 95 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of United Rentals during the 2nd quarter valued at approximately $27,000. AdvisorNet Financial Inc raised its position in shares of United Rentals by 71.4% during the 4th quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock valued at $28,000 after acquiring an additional 20 shares in the last quarter. Finally, NBC Securities Inc. acquired a new stake in United Rentals in the third quarter worth $29,000. 96.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on URI. Evercore ISI raised their target price on United Rentals from $575.00 to $740.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. Morgan Stanley began coverage on United Rentals in a research note on Monday, January 8th. They issued an “equal weight” rating and a $500.00 target price on the stock. Robert W. Baird raised their target price on United Rentals from $322.00 to $559.00 and gave the company an “underperform” rating in a research note on Friday, January 26th. The Goldman Sachs Group raised their target price on United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Truist Financial began coverage on United Rentals in a research note on Thursday, March 14th. They issued a “buy” rating and a $793.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $589.21.

Insiders Place Their Bets

In other United Rentals news, CFO William E. Grace sold 775 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $655.62, for a total value of $508,105.50. Following the sale, the chief financial officer now directly owns 6,323 shares in the company, valued at $4,145,485.26. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.53% of the stock is owned by company insiders.

United Rentals Price Performance

Shares of NYSE URI opened at $628.34 on Friday. United Rentals, Inc. has a fifty-two week low of $325.15 and a fifty-two week high of $732.37. The firm’s 50-day simple moving average is $679.93 and its 200 day simple moving average is $570.39. The company has a quick ratio of 0.75, a current ratio of 0.81 and a debt-to-equity ratio of 1.24. The stock has a market cap of $42.21 billion, a P/E ratio of 17.77, a P/E/G ratio of 2.19 and a beta of 1.84.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, January 24th. The construction company reported $11.26 EPS for the quarter, topping the consensus estimate of $10.85 by $0.41. United Rentals had a net margin of 16.91% and a return on equity of 36.80%. The firm had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.63 billion. During the same period in the previous year, the business earned $9.74 earnings per share. United Rentals’s revenue for the quarter was up 13.1% compared to the same quarter last year. Equities analysts expect that United Rentals, Inc. will post 43.13 EPS for the current year.

United Rentals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were given a $1.63 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This is a boost from United Rentals’s previous quarterly dividend of $1.48. This represents a $6.52 annualized dividend and a yield of 1.04%. United Rentals’s payout ratio is 18.44%.

United Rentals declared that its Board of Directors has authorized a share buyback program on Wednesday, January 24th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 3.8% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

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.