Sapient Capital LLC Has $10.70 Million Holdings in United Rentals, Inc. $URI

Sapient Capital LLC reduced its position in shares of United Rentals, Inc. (NYSE:URI) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,098 shares of the construction company’s stock after selling 636 shares during the period. Sapient Capital LLC’s holdings in United Rentals were worth $10,697,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in URI. Capital International Investors lifted its holdings in United Rentals by 22.8% during the 3rd quarter. Capital International Investors now owns 3,402,524 shares of the construction company’s stock worth $3,247,762,000 after purchasing an additional 631,484 shares during the last quarter. TD Asset Management Inc lifted its holdings in United Rentals by 66.5% during the 3rd quarter. TD Asset Management Inc now owns 484,450 shares of the construction company’s stock worth $462,485,000 after purchasing an additional 193,416 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in United Rentals by 3,459.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 196,688 shares of the construction company’s stock worth $159,184,000 after purchasing an additional 191,162 shares during the last quarter. Capital World Investors lifted its holdings in United Rentals by 6.7% during the 3rd quarter. Capital World Investors now owns 2,678,614 shares of the construction company’s stock worth $2,557,158,000 after purchasing an additional 168,685 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its holdings in United Rentals by 3,094.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 155,273 shares of the construction company’s stock worth $148,233,000 after purchasing an additional 150,412 shares during the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Trading Up 0.0%

Shares of URI stock opened at $961.22 on Monday. The stock’s fifty day moving average price is $818.01 and its two-hundred day moving average price is $838.75. The company has a market cap of $60.22 billion, a PE ratio of 24.52, a P/E/G ratio of 1.53 and a beta of 1.83. United Rentals, Inc. has a fifty-two week low of $681.98 and a fifty-two week high of $1,021.47. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.74 and a current ratio of 0.80.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.20 billion. United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business posted $8.86 EPS. Equities analysts predict that United Rentals, Inc. will post 47.07 EPS for the current fiscal year.

United Rentals announced that its Board of Directors has authorized a share buyback plan on Wednesday, January 28th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the construction company to buy up to 8.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th will be issued a $1.97 dividend. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, May 13th. United Rentals’s dividend payout ratio (DPR) is currently 20.10%.

Insiders Place Their Bets

In other United Rentals news, CEO Matthew John Flannery sold 22,768 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $984.98, for a total value of $22,426,024.64. Following the sale, the chief executive officer owned 99,980 shares of the company’s stock, valued at approximately $98,478,300.40. This trade represents a 18.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Craig Adam Pintoff sold 2,466 shares of the firm’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $963.00, for a total value of $2,374,758.00. Following the completion of the sale, the executive vice president directly owned 14,774 shares in the company, valued at approximately $14,227,362. This represents a 14.30% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 26,088 shares of company stock worth $25,628,877. 0.47% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently weighed in on URI. Morgan Stanley reissued an “overweight” rating and set a $1,030.00 price target on shares of United Rentals in a report on Friday, April 24th. Barclays increased their price target on United Rentals from $600.00 to $715.00 and gave the stock an “underweight” rating in a research report on Friday, April 24th. Truist Financial set a $1,209.00 price target on United Rentals in a research report on Friday, April 24th. Citigroup increased their price target on United Rentals from $950.00 to $1,130.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Finally, Weiss Ratings downgraded United Rentals from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 4th. Thirteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, United Rentals currently has an average rating of “Moderate Buy” and an average price target of $996.94.

United Rentals Profile

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.