Jackson Wealth Management LLC Buys 32 Shares of United Rentals, Inc. (NYSE:URI)

Jackson Wealth Management LLC lifted its stake in shares of United Rentals, Inc. (NYSE:URI) by 0.4% in the fourth quarter, HoldingsChannel reports. The fund owned 8,630 shares of the construction company’s stock after acquiring an additional 32 shares during the period. Jackson Wealth Management LLC’s holdings in United Rentals were worth $6,079,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Mayflower Financial Advisors LLC boosted its stake in United Rentals by 4.0% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock worth $274,000 after purchasing an additional 13 shares during the period. Allen Capital Group LLC raised its holdings in shares of United Rentals by 4.2% during the 3rd quarter. Allen Capital Group LLC now owns 324 shares of the construction company’s stock worth $262,000 after acquiring an additional 13 shares in the last quarter. First County Bank CT raised its holdings in shares of United Rentals by 3.2% during the 3rd quarter. First County Bank CT now owns 422 shares of the construction company’s stock worth $342,000 after acquiring an additional 13 shares in the last quarter. CVA Family Office LLC raised its holdings in shares of United Rentals by 1.7% during the 3rd quarter. CVA Family Office LLC now owns 844 shares of the construction company’s stock worth $683,000 after acquiring an additional 14 shares in the last quarter. Finally, Concurrent Investment Advisors LLC raised its holdings in shares of United Rentals by 3.2% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 453 shares of the construction company’s stock worth $367,000 after acquiring an additional 14 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on URI shares. Bank of America upped their price objective on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Citigroup decreased their price target on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Robert W. Baird upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target on the stock in a report on Tuesday, January 14th. Finally, Morgan Stanley decreased their price target on United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a report on Monday. One 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $814.08.

United Rentals Price Performance

URI opened at $754.18 on Wednesday. United Rentals, Inc. has a 12-month low of $596.48 and a 12-month high of $896.98. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The business’s fifty day simple moving average is $759.85 and its 200-day simple moving average is $769.92. The company has a market capitalization of $49.26 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 1.52 and a beta of 1.68.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. On average, equities research analysts anticipate that United Rentals, Inc. will post 46.09 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. Investors of record on Wednesday, February 12th will be given a dividend of $1.79 per share. The ex-dividend date is Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a yield of 0.95%. This is an increase from United Rentals’s previous quarterly dividend of $1.63. 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.