South Dakota Investment Council Sells 230 Shares of United Rentals, Inc. (NYSE:URI)

South Dakota Investment Council lessened its stake in United Rentals, Inc. (NYSE:URI) by 4.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,603 shares of the construction company’s stock after selling 230 shares during the quarter. South Dakota Investment Council’s holdings in United Rentals were worth $3,243,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in URI. ORG Wealth Partners LLC bought a new stake in United Rentals in the fourth quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of United Rentals in the third quarter worth about $31,000. Hanson & Doremus Investment Management bought a new stake in shares of United Rentals in the fourth quarter worth about $33,000. Kestra Investment Management LLC bought a new stake in shares of United Rentals in the fourth quarter worth about $34,000. Finally, Carmichael Hill & Associates Inc. increased its holdings in shares of 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 in the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Performance

Shares of NYSE URI opened at $656.42 on Monday. The stock has a 50 day moving average price of $731.32 and a 200 day moving average price of $770.71. United Rentals, Inc. has a 52 week low of $596.48 and a 52 week high of $896.98. 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 $42.87 billion, a PE ratio of 16.94, a price-to-earnings-growth ratio of 1.43 and a beta of 1.68.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 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%. Analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The business also recently declared 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 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 annualized dividend and a yield of 1.09%. United Rentals’s dividend payout ratio is 18.48%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on URI shares. Argus increased 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. Citigroup lowered 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. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Truist Financial restated a “buy” rating and issued a $956.00 price target (down from $963.00) on shares of United Rentals in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. increased their price objective on United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $829.00.

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.