New Age Alpha Advisors LLC Buys 7,417 Shares of United Rentals, Inc. $URI

New Age Alpha Advisors LLC lifted its stake in United Rentals, Inc. (NYSE:URI) by 212.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 10,912 shares of the construction company’s stock after acquiring an additional 7,417 shares during the period. New Age Alpha Advisors LLC’s holdings in United Rentals were worth $8,831,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Hantz Financial Services Inc. lifted its stake in shares of United Rentals by 53.1% in the fourth quarter. Hantz Financial Services Inc. now owns 98 shares of the construction company’s stock valued at $80,000 after buying an additional 34 shares during the period. Swedbank AB lifted its stake in United Rentals by 2.8% during the fourth quarter. Swedbank AB now owns 54,674 shares of the construction company’s stock worth $44,249,000 after purchasing an additional 1,509 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in United Rentals during the fourth quarter worth about $1,566,000. Prospera Financial Services Inc lifted its stake in United Rentals by 2.5% during the fourth quarter. Prospera Financial Services Inc now owns 4,154 shares of the construction company’s stock worth $3,362,000 after purchasing an additional 101 shares during the period. Finally, Jefferies Financial Group Inc. lifted its stake in United Rentals by 3,010.4% during the fourth quarter. Jefferies Financial Group Inc. now owns 28,056 shares of the construction company’s stock worth $22,706,000 after purchasing an additional 27,154 shares during the period. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Performance

NYSE URI opened at $939.20 on Monday. The firm has a market cap of $58.84 billion, a price-to-earnings ratio of 23.96, a PEG ratio of 1.49 and a beta of 1.83. The company has a 50 day moving average of $830.99 and a 200-day moving average of $841.15. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37. United Rentals, Inc. has a 1-year low of $681.98 and a 1-year high of $1,021.47.

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

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th will be issued a dividend of $1.97 per share. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $7.88 annualized dividend and a dividend yield of 0.8%. United Rentals’s dividend payout ratio (DPR) is presently 20.10%.

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

Analysts Set New Price Targets

A number of research analysts have commented on URI shares. Royal Bank Of Canada raised their price target on shares of United Rentals from $1,041.00 to $1,119.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Morgan Stanley restated an “overweight” rating and set a $1,030.00 price target on shares of United Rentals in a research note on Friday, April 24th. Barclays raised their price target on shares of United Rentals from $600.00 to $715.00 and gave the stock an “underweight” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. raised their price target on shares of United Rentals from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Finally, Evercore restated an “outperform” rating and set a $1,101.00 price target on shares of United Rentals in a research note on Monday, May 11th. Thirteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $996.94.

Insider Activity

In other news, VP Andrew B. Limoges sold 548 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $977.86, for a total transaction of $535,867.28. Following the completion of the sale, the vice president owned 1,865 shares of the company’s stock, valued at approximately $1,823,708.90. This trade represents a 22.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Matthew John Flannery sold 22,768 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $984.98, for a total transaction of $22,426,024.64. Following the sale, the chief executive officer directly owned 99,980 shares of the company’s stock, valued at approximately $98,478,300.40. The trade was a 18.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 26,088 shares of company stock worth $25,628,877. Corporate insiders own 0.47% of the company’s stock.

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.