Dumont & Blake Investment Advisors LLC Reduces Stock Holdings in United Rentals, Inc. (NYSE:URI)

Dumont & Blake Investment Advisors LLC lowered its position in shares of United Rentals, Inc. (NYSE:URI) by 21.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 2,219 shares of the construction company’s stock after selling 594 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in United Rentals were worth $1,563,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sei Investments Co. lifted its holdings in shares of United Rentals by 13.7% in the 2nd quarter. Sei Investments Co. now owns 4,981 shares of the construction company’s stock valued at $3,221,000 after buying an additional 599 shares during the period. Creative Planning lifted its holdings in shares of United Rentals by 0.8% in the 2nd quarter. Creative Planning now owns 12,087 shares of the construction company’s stock valued at $7,817,000 after buying an additional 94 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of United Rentals by 5.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 11,114 shares of the construction company’s stock valued at $7,189,000 after buying an additional 541 shares during the period. Cetera Investment Advisers lifted its holdings in shares of United Rentals by 2.8% in the 2nd quarter. Cetera Investment Advisers now owns 26,901 shares of the construction company’s stock valued at $17,397,000 after buying an additional 723 shares during the period. Finally, Clearbridge Investments LLC lifted its holdings in shares of United Rentals by 11.8% in the 2nd quarter. Clearbridge Investments LLC now owns 9,217 shares of the construction company’s stock valued at $5,961,000 after buying an additional 976 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on URI shares. Robert W. Baird raised United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective for the company in a report on Tuesday, January 14th. Argus upped their price target on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Truist Financial reduced their price target on United Rentals from $965.00 to $963.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Bank of America upped their price target on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Citigroup reduced their price target on United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $813.73.

United Rentals Price Performance

URI stock opened at $774.50 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. The business has a 50 day simple moving average of $766.58 and a 200-day simple moving average of $768.75. United Rentals, Inc. has a 1 year low of $596.48 and a 1 year high of $896.98. The firm has a market capitalization of $50.82 billion, a PE ratio of 19.99, a price-to-earnings-growth ratio of 1.68 and a beta of 1.69.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing analysts’ consensus estimates of $11.65 by ($0.06). United Rentals had a return on equity of 34.51% and a net margin of 16.78%. Equities research analysts anticipate that United Rentals, Inc. will post 46.06 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be paid a $1.79 dividend. 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 0.92%. The ex-dividend date of this dividend is Wednesday, February 12th. United Rentals’s dividend payout ratio (DPR) is presently 16.83%.

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.