Brave Asset Management Inc. Takes Position in United Rentals, Inc. (NYSE:URI)

Brave Asset Management Inc. purchased a new stake in shares of United Rentals, Inc. (NYSE:URI) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 403 shares of the construction company’s stock, valued at approximately $231,000.

Other institutional investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its position in shares of United Rentals by 6.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 21,568 shares of the construction company’s stock valued at $9,588,000 after buying an additional 1,304 shares during the period. Graybill Wealth Management LTD. raised its position in shares of United Rentals by 0.6% during the 3rd quarter. Graybill Wealth Management LTD. now owns 9,487 shares of the construction company’s stock valued at $4,218,000 after buying an additional 58 shares during the period. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of United Rentals during the 4th quarter valued at approximately $22,529,000. Key Square Capital Management LLC purchased a new stake in shares of United Rentals during the 2nd quarter valued at approximately $5,473,000. Finally, Teza Capital Management LLC raised its position in shares of United Rentals by 40.5% during the 3rd quarter. Teza Capital Management LLC now owns 5,012 shares of the construction company’s stock valued at $2,228,000 after buying an additional 1,445 shares during the period. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Insider Activity at United Rentals

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

United Rentals Stock Up 0.1 %

Shares of URI stock traded up $0.96 on Thursday, reaching $721.11. 433,478 shares of the stock were exchanged, compared to its average volume of 594,661. The company has a current ratio of 0.81, a quick ratio of 0.75 and a debt-to-equity ratio of 1.24. The business’s 50 day moving average price is $663.16 and its 200 day moving average price is $544.38. The company has a market capitalization of $48.45 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 2.63 and a beta of 1.84. United Rentals, Inc. has a twelve month low of $325.15 and a twelve month high of $732.37.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, January 24th. The construction company reported $11.26 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter in the previous year, the firm posted $9.74 earnings per share. The company’s revenue was up 13.1% compared to the same quarter last year. As a group, sell-side analysts expect that United Rentals, Inc. will post 42.9 earnings per share for the current fiscal year.

United Rentals announced that its Board of Directors has approved a share repurchase plan on Wednesday, January 24th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the construction company to repurchase up to 3.8% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

United Rentals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were given a $1.63 dividend. The ex-dividend date was Tuesday, February 13th. This is a boost from United Rentals’s previous quarterly dividend of $1.48. This represents a $6.52 dividend on an annualized basis and a yield of 0.90%. United Rentals’s payout ratio is 18.44%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Barclays lifted their target price on shares of United Rentals from $325.00 to $400.00 and gave the company an “underweight” rating in a report on Friday, January 26th. Truist Financial assumed coverage on shares of United Rentals in a report on Thursday, March 14th. They issued a “buy” rating and a $793.00 target price for the company. Citigroup lifted their target price on shares of United Rentals from $490.00 to $650.00 and gave the company a “buy” rating in a report on Friday, December 15th. The Goldman Sachs Group lifted their target price on shares of United Rentals from $510.00 to $718.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Finally, Evercore ISI lifted their target price on shares of United Rentals from $575.00 to $740.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $572.20.

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.