Susquehanna Fundamental Investments LLC Takes $844,000 Position in United Rentals, Inc. (NYSE:URI)

Susquehanna Fundamental Investments LLC purchased a new position in United Rentals, Inc. (NYSE:URI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,198 shares of the construction company’s stock, valued at approximately $844,000.

Several other large investors also recently bought and sold shares of the business. Rialto Wealth Management LLC bought a new stake in shares of United Rentals in the 4th quarter worth about $25,000. ORG Wealth Partners LLC purchased a new position in United Rentals in the fourth quarter worth about $26,000. Murphy & Mullick Capital Management Corp bought a new stake in United Rentals during the fourth quarter worth approximately $27,000. Meeder Asset Management Inc. raised its position in United Rentals by 241.7% during 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 stake in shares of United Rentals in the 4th quarter valued at approximately $33,000. Institutional investors own 96.26% of the company’s stock.

Insider Activity at United Rentals

In other United Rentals news, EVP Michael D. Durand sold 1,100 shares of the stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total transaction of $688,908.00. Following the completion of the sale, the executive vice president now directly owns 8,748 shares of the company’s stock, valued at approximately $5,478,697.44. This represents a 11.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.53% of the stock is owned by corporate insiders.

United Rentals Stock Up 4.0 %

NYSE:URI opened at $666.21 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $896.98. The company has a 50-day moving average of $613.33 and a 200 day moving average of $720.72. The firm has a market cap of $43.30 billion, a PE ratio of 17.19, a price-to-earnings-growth ratio of 1.43 and a beta of 1.72.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.92 by ($0.06). The business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. United Rentals had a net margin of 16.78% and a return on equity of 34.21%. United Rentals’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $9.15 earnings per share. As a group, research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Wednesday, May 14th. United Rentals’s dividend payout ratio (DPR) is currently 18.54%.

Wall Street Analysts Forecast Growth

URI has been the topic of several recent research reports. UBS Group lowered United Rentals from a “buy” rating to a “sell” rating and decreased their price target for the company from $910.00 to $485.00 in a report on Monday, April 7th. Robert W. Baird increased their target price on shares of United Rentals from $535.00 to $571.00 and gave the company a “neutral” rating in a research note on Friday, April 25th. Bank of America dropped their price target on shares of United Rentals from $850.00 to $750.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Citigroup dropped their target price on United Rentals from $720.00 to $650.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, United Rentals presently has an average rating of “Moderate Buy” and a consensus target price of $725.69.

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.