Factorial Partners LLC Has $6.82 Million Holdings in United Rentals, Inc. (NYSE:URI)

Factorial Partners LLC cut its stake in shares of United Rentals, Inc. (NYSE:URI) by 4.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,550 shares of the construction company’s stock after selling 450 shares during the period. United Rentals comprises approximately 4.2% of Factorial Partners LLC’s investment portfolio, making the stock its biggest position. Factorial Partners LLC’s holdings in United Rentals were worth $6,823,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of URI. Essex Financial Services Inc. raised its stake in shares of United Rentals by 31.9% during the second quarter. Essex Financial Services Inc. now owns 563 shares of the construction company’s stock valued at $364,000 after acquiring an additional 136 shares during the last quarter. Nomura Holdings Inc. bought a new stake in shares of United Rentals in the 4th quarter valued at about $780,000. Forsta AP Fonden increased its stake in shares of United Rentals by 2.8% in the first quarter. Forsta AP Fonden now owns 14,600 shares of the construction company’s stock valued at $10,528,000 after buying an additional 400 shares during the period. Tidal Investments LLC raised its position in shares of United Rentals by 241.2% during the first quarter. Tidal Investments LLC now owns 4,859 shares of the construction company’s stock worth $3,504,000 after acquiring an additional 3,435 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in United Rentals in the fourth quarter valued at approximately $779,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Citigroup assumed coverage on shares of United Rentals in a research report on Wednesday, June 26th. They issued a “buy” rating and a $745.00 price target on the stock. Evercore ISI lifted their price objective on United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. JPMorgan Chase & Co. started coverage on United Rentals in a research report on Friday, June 7th. They set an “overweight” rating and a $780.00 target price on the stock. Truist Financial lifted their target price on United Rentals from $785.00 to $873.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Raymond James started coverage on United Rentals in a report on Friday, June 28th. They set an “outperform” rating and a $750.00 price target on the stock. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, United Rentals currently has a consensus rating of “Hold” and a consensus target price of $675.15.

United Rentals Price Performance

Shares of NYSE:URI opened at $704.07 on Wednesday. United Rentals, Inc. has a 1-year low of $387.01 and a 1-year high of $789.80. The stock has a market cap of $46.57 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 1.57 and a beta of 1.68. The stock’s fifty day simple moving average is $705.98 and its two-hundred day simple moving average is $683.66. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share for the quarter, topping analysts’ consensus estimates of $10.48 by $0.22. The firm had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.77 billion. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $9.88 EPS. As a group, analysts forecast that United Rentals, Inc. will post 44.5 EPS for the current fiscal year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Wednesday, August 14th. United Rentals’s dividend payout ratio is currently 17.66%.

Insider Buying and Selling

In other United Rentals news, SVP Joli L. Gross sold 360 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $690.00, for a total transaction of $248,400.00. Following the sale, the senior vice president now directly owns 4,090 shares of the company’s stock, valued at $2,822,100. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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.