Apollon Wealth Management LLC Lowers Holdings in United Rentals, Inc. (NYSE:URI)

Apollon Wealth Management LLC decreased its holdings in United Rentals, Inc. (NYSE:URI) by 7.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,304 shares of the construction company’s stock after selling 112 shares during the quarter. Apollon Wealth Management LLC’s holdings in United Rentals were worth $919,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC purchased a new position in United Rentals in the fourth quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in United Rentals in the third quarter worth approximately $31,000. Carmichael Hill & Associates Inc. lifted its stake in United Rentals by 80.0% in the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after acquiring an additional 20 shares during the last quarter. Hanson & Doremus Investment Management purchased a new position in United Rentals in the fourth quarter worth approximately $33,000. Finally, HM Payson & Co. purchased a new position in United Rentals in the third quarter worth approximately $41,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Stock Performance

Shares of URI opened at $753.65 on Wednesday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. The stock has a market capitalization of $49.22 billion, a P/E ratio of 19.45, a P/E/G ratio of 1.54 and a beta of 1.68. The company’s fifty day moving average is $748.32 and its two-hundred day moving average is $770.09. United Rentals, Inc. has a 1 year low of $596.48 and a 1 year high of $896.98.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. On average, sell-side analysts predict that United Rentals, Inc. will post 44.93 earnings per share for the current year.

United Rentals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be paid a dividend of $1.79 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This is a boost from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.95%. United Rentals’s dividend payout ratio is 18.48%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Barclays lifted their price target on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. boosted their price objective on shares of United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Argus boosted their price objective on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Truist Financial restated a “buy” rating and set a $956.00 price objective (down previously from $963.00) on shares of United Rentals in a research report on Friday, January 31st. Finally, Morgan Stanley reduced their price objective on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $814.08.

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.