Private Advisor Group LLC Grows Stock Position in United Rentals, Inc. (NYSE:URI)

Private Advisor Group LLC raised its stake in shares of United Rentals, Inc. (NYSE:URI) by 6.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 7,109 shares of the construction company’s stock after buying an additional 439 shares during the period. Private Advisor Group LLC’s holdings in United Rentals were worth $5,008,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of URI. Sequoia Financial Advisors LLC raised its stake in shares of United Rentals by 11.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,346 shares of the construction company’s stock valued at $1,090,000 after buying an additional 140 shares during the last quarter. Eastern Bank purchased a new position in shares of United Rentals during the 3rd quarter valued at about $56,000. Brighton Jones LLC raised its stake in shares of United Rentals by 13.6% during the 3rd quarter. Brighton Jones LLC now owns 476 shares of the construction company’s stock valued at $386,000 after buying an additional 57 shares during the last quarter. Ballentine Partners LLC raised its stake in shares of United Rentals by 8.3% during the 3rd quarter. Ballentine Partners LLC now owns 1,085 shares of the construction company’s stock valued at $879,000 after buying an additional 83 shares during the last quarter. Finally, Sigma Investment Counselors Inc. grew its position in shares of United Rentals by 0.4% during the 3rd quarter. Sigma Investment Counselors Inc. now owns 12,786 shares of the construction company’s stock valued at $10,353,000 after acquiring an additional 54 shares during the period. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

URI has been the topic of a number of analyst reports. Evercore ISI dropped their target price on United Rentals from $1,004.00 to $974.00 and set an “outperform” rating on the stock in a research report on Wednesday. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Citigroup dropped their target price on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. raised their target price on United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, Truist Financial restated a “buy” rating and set a $956.00 target price (down from $963.00) on shares of United Rentals in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $829.00.

United Rentals Trading Down 5.5 %

URI stock opened at $656.42 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a 12-month low of $596.48 and a 12-month high of $896.98. The stock has a market cap of $42.87 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 1.43 and a beta of 1.68. The business’s 50-day moving average is $731.32 and its 200 day moving average is $769.95.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing the consensus estimate 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, sell-side analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be issued a dividend of $1.79 per share. 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 1.09%. The ex-dividend date is Wednesday, February 12th. United Rentals’s payout ratio is currently 18.48%.

About United Rentals

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.