Key Points
- United Rentals EVP William Grace sold 1,498 shares on Feb. 3 at an average price of $790.89 for a total of $1,184,753.22, cutting his stake by 17.9% to 6,872 shares valued at about $5.43M.
- The board approved a $5.0 billion stock repurchase (up to ~8.7% of shares) and raised the quarterly dividend to $1.97 ($7.88 annualized), signaling capital-return plans to shareholders.
- United Rentals reported Q EPS of $11.09, missing estimates by $0.77 with revenue of $4.21B slightly below forecasts, while analysts’ consensus is a “Moderate Buy” with an average target near $925.59.
United Rentals, Inc. (NYSE:URI - Get Free Report) EVP William Grace sold 1,498 shares of the business's stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $790.89, for a total value of $1,184,753.22. Following the completion of the sale, the executive vice president owned 6,872 shares of the company's stock, valued at $5,434,996.08. This trade represents a 17.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
United Rentals Stock Performance
Shares of URI stock opened at $876.25 on Tuesday. The company has a market cap of $55.20 billion, a P/E ratio of 22.65, a PEG ratio of 1.44 and a beta of 1.70. The business has a 50 day moving average of $853.05 and a two-hundred day moving average of $889.74. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $1,021.47. The company has a quick ratio of 0.88, a current ratio of 0.94 and a debt-to-equity ratio of 1.41.
United Rentals (NYSE:URI - Get Free Report) last posted its earnings results on Wednesday, January 28th. The construction company reported $11.09 EPS for the quarter, missing the consensus estimate of $11.86 by ($0.77). United Rentals had a net margin of 15.49% and a return on equity of 30.35%. The business had revenue of $4.21 billion during the quarter, compared to analyst estimates of $4.24 billion. During the same quarter in the prior year, the business earned $11.59 earnings per share. The firm's revenue was up 2.8% compared to the same quarter last year. As a group, analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.
United Rentals announced that its Board of Directors has approved a stock repurchase plan on Wednesday, January 28th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the construction company to repurchase up to 8.7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.
United Rentals Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th will be issued a $1.97 dividend. This is an increase from United Rentals's previous quarterly dividend of $1.79. This represents a $7.88 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, February 11th. United Rentals's dividend payout ratio is currently 18.51%.
Wall Street Analyst Weigh In
A number of research firms recently commented on URI. Citigroup decreased their price objective on shares of United Rentals from $1,090.00 to $950.00 and set a "buy" rating for the company in a research note on Monday, February 2nd. Weiss Ratings reissued a "hold (c+)" rating on shares of United Rentals in a research note on Wednesday, January 21st. Robert W. Baird set a $970.00 price target on shares of United Rentals in a research report on Friday, January 30th. KeyCorp set a $950.00 price objective on shares of United Rentals in a research report on Friday, January 30th. Finally, Truist Financial set a $972.00 price objective on shares of United Rentals in a research note on Friday, January 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $925.59.
View Our Latest Stock Report on United Rentals
Institutional Investors Weigh In On United Rentals
Institutional investors and hedge funds have recently bought and sold shares of the business. Aventura Private Wealth LLC bought a new position in United Rentals during the 4th quarter valued at about $27,000. Loomis Sayles & Co. L P acquired a new position in United Rentals during the 2nd quarter valued at about $28,000. Salomon & Ludwin LLC lifted its holdings in United Rentals by 650.0% in the third quarter. Salomon & Ludwin LLC now owns 30 shares of the construction company's stock valued at $29,000 after buying an additional 26 shares during the period. Abich Financial Wealth Management LLC bought a new position in shares of United Rentals in the 3rd quarter worth $29,000. Finally, Cedar Mountain Advisors LLC acquired a new position in shares of United Rentals during the 3rd quarter worth about $32,000. Institutional investors own 96.26% of the company's stock.
About United Rentals
(
Get Free Report)
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.
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