V Square Quantitative Management LLC Boosts Holdings in United Rentals, Inc. (NYSE:URI)

V Square Quantitative Management LLC lifted its stake in United Rentals, Inc. (NYSE:URI) by 13.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,475 shares of the construction company’s stock after acquiring an additional 291 shares during the period. V Square Quantitative Management LLC’s holdings in United Rentals were worth $1,743,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Mayflower Financial Advisors LLC increased its holdings in shares of United Rentals by 4.0% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock valued at $274,000 after purchasing an additional 13 shares in the last quarter. First County Bank CT increased its holdings in shares of United Rentals by 3.2% in the 3rd quarter. First County Bank CT now owns 422 shares of the construction company’s stock valued at $342,000 after purchasing an additional 13 shares in the last quarter. Allen Capital Group LLC increased its holdings in United Rentals by 4.2% during the 3rd quarter. Allen Capital Group LLC now owns 324 shares of the construction company’s stock valued at $262,000 after acquiring an additional 13 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in United Rentals by 3.2% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 453 shares of the construction company’s stock valued at $367,000 after acquiring an additional 14 shares in the last quarter. Finally, Resonant Capital Advisors LLC increased its holdings in United Rentals by 3.3% during the 3rd quarter. Resonant Capital Advisors LLC now owns 474 shares of the construction company’s stock valued at $384,000 after acquiring an additional 15 shares in the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Price Performance

URI opened at $729.59 on Friday. The company’s 50 day simple moving average is $743.13 and its 200 day simple moving average is $769.56. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. United Rentals, Inc. has a 1 year low of $596.48 and a 1 year high of $896.98. The stock has a market capitalization of $47.65 billion, a PE ratio of 18.83, a P/E/G ratio of 1.54 and a beta of 1.68.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. As a group, sell-side analysts expect that United Rentals, Inc. will post 44.93 EPS for the current year.

United Rentals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be given a $1.79 dividend. The ex-dividend date is Wednesday, February 12th. This is a boost from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a dividend yield of 0.98%. United Rentals’s dividend payout ratio (DPR) is currently 16.83%.

Wall Street Analyst Weigh In

Several research firms have weighed in on URI. Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price for the company in a report on Tuesday, January 14th. Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Truist Financial restated a “buy” rating and set a $956.00 target price (down from $963.00) on shares of United Rentals in a report on Friday, January 31st. Bank of America raised their target price on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Argus raised their target price on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $814.08.

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.