Hennion & Walsh Asset Management Inc. Purchases 257 Shares of United Rentals, Inc. (NYSE:URI)

Hennion & Walsh Asset Management Inc. raised its position in shares of United Rentals, Inc. (NYSE:URI) by 4.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,304 shares of the construction company’s stock after acquiring an additional 257 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in United Rentals were worth $4,441,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of URI. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of United Rentals by 11.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,203 shares of the construction company’s stock valued at $7,492,000 after buying an additional 964 shares in the last quarter. Retireful LLC bought a new position in shares of United Rentals in the third quarter worth about $697,000. Mizuho Securities USA LLC raised its stake in shares of United Rentals by 1,067.5% in the third quarter. Mizuho Securities USA LLC now owns 59,879 shares of the construction company’s stock worth $48,486,000 after acquiring an additional 54,750 shares during the last quarter. XTX Topco Ltd lifted its position in shares of United Rentals by 428.8% during the third quarter. XTX Topco Ltd now owns 1,692 shares of the construction company’s stock worth $1,370,000 after purchasing an additional 1,372 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of United Rentals by 7.6% during the fourth quarter. Nordea Investment Management AB now owns 732,954 shares of the construction company’s stock valued at $517,018,000 after purchasing an additional 52,037 shares during the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

URI has been the subject of several recent research reports. Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday. Bank of America lifted their target price on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. raised their price target on United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Truist Financial upped their price objective on United Rentals from $955.00 to $965.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, Barclays boosted their target price on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $805.25.

Insider Buying and Selling

In other news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the sale, the senior vice president now directly owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. This trade represents a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.49% of the stock is currently owned by corporate insiders.

United Rentals Stock Up 0.6 %

URI stock opened at $746.01 on Thursday. The business’s fifty day moving average price is $782.94 and its two-hundred day moving average price is $759.89. The stock has a market capitalization of $48.95 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 1.46 and a beta of 1.69. United Rentals, Inc. has a fifty-two week low of $545.16 and a fifty-two week high of $896.98. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). The company had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. United Rentals’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business earned $11.73 EPS. On average, equities analysts anticipate that United Rentals, Inc. will post 43.46 earnings per share for the current year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 0.87%. The ex-dividend date was Wednesday, November 13th. United Rentals’s dividend payout ratio (DPR) is 17.03%.

United Rentals 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.