Syon Capital LLC Grows Stock Holdings in United Rentals, Inc. (NYSE:URI)

Syon Capital LLC grew its stake in shares of United Rentals, Inc. (NYSE:URI) by 39.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,029 shares of the construction company’s stock after acquiring an additional 291 shares during the quarter. Syon Capital LLC’s holdings in United Rentals were worth $590,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. OFI Invest Asset Management acquired a new stake in shares of United Rentals during the 3rd quarter worth approximately $25,000. AdvisorNet Financial Inc lifted its holdings in United Rentals by 71.4% in the 4th quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock valued at $28,000 after purchasing an additional 20 shares in the last quarter. NBC Securities Inc. purchased a new position in United Rentals in the 3rd quarter valued at $29,000. Larson Financial Group LLC lifted its holdings in United Rentals by 1,525.0% in the 4th quarter. Larson Financial Group LLC now owns 65 shares of the construction company’s stock valued at $37,000 after purchasing an additional 61 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new position in United Rentals in the 3rd quarter valued at $40,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analyst Ratings Changes

URI has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price objective on United Rentals from $630.00 to $710.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. BNP Paribas reaffirmed an “underperform” rating and issued a $485.00 target price on shares of United Rentals in a research report on Friday, January 5th. Morgan Stanley started coverage on United Rentals in a research note on Monday, January 8th. They issued an “equal weight” rating and a $500.00 price objective for the company. Stifel Nicolaus lifted their price objective on United Rentals from $720.00 to $750.00 and gave the company a “buy” rating in a research note on Friday. Finally, Truist Financial started coverage on United Rentals in a research note on Thursday, March 14th. They issued a “buy” rating and a $793.00 price objective for the company. Three analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $600.57.

United Rentals Stock Performance

Shares of URI traded down $0.12 during mid-day trading on Friday, hitting $690.80. The stock had a trading volume of 576,037 shares, compared to its average volume of 587,972. United Rentals, Inc. has a fifty-two week low of $325.15 and a fifty-two week high of $732.37. The company has a market cap of $46.40 billion, a PE ratio of 18.47, a PEG ratio of 2.27 and a beta of 1.84. 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 company’s fifty day simple moving average is $680.37 and its two-hundred day simple moving average is $576.87.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, April 24th. The construction company reported $9.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.35 by $0.80. United Rentals had a return on equity of 36.85% and a net margin of 17.31%. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.44 billion. During the same quarter in the previous year, the firm posted $7.95 EPS. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, equities analysts expect that United Rentals, Inc. will post 43.13 earnings per share for the current year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be given a dividend of $1.63 per share. The ex-dividend date is Tuesday, May 7th. This represents a $6.52 dividend on an annualized basis and a yield of 0.94%. United Rentals’s dividend payout ratio (DPR) is presently 17.66%.

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

Insiders Place Their Bets

In other United Rentals news, CFO William E. Grace sold 775 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $655.62, for a total transaction of $508,105.50. Following the completion of the transaction, the chief financial officer now owns 6,323 shares in the company, valued at approximately $4,145,485.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.53% of the stock is currently owned by insiders.

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.