Worth Financial Advisory Group LLC Lowers Stock Holdings in United Rentals, Inc. (NYSE:URI)

Worth Financial Advisory Group LLC decreased its holdings in shares of United Rentals, Inc. (NYSE:URI) by 8.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 915 shares of the construction company’s stock after selling 85 shares during the quarter. Worth Financial Advisory Group LLC’s holdings in United Rentals were worth $645,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in URI. Ausdal Financial Partners Inc. acquired a new stake in shares of United Rentals in the fourth quarter valued at about $216,000. Financial Counselors Inc. grew its holdings in United Rentals by 15.7% during the 4th quarter. Financial Counselors Inc. now owns 6,657 shares of the construction company’s stock valued at $4,689,000 after purchasing an additional 902 shares in the last quarter. Penobscot Investment Management Company Inc. increased its stake in United Rentals by 35.1% during the 4th quarter. Penobscot Investment Management Company Inc. now owns 4,114 shares of the construction company’s stock worth $2,898,000 after buying an additional 1,068 shares during the period. Murphy & Mullick Capital Management Corp purchased a new position in United Rentals in the 4th quarter valued at about $27,000. Finally, Bay Capital Advisors LLC acquired a new stake in shares of United Rentals during the fourth quarter valued at about $494,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $638.10, for a total value of $701,910.00. Following the transaction, the chief financial officer now owns 6,880 shares of the company’s stock, valued at $4,390,128. The trade was a 13.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.53% of the stock is owned by company insiders.

Analyst Ratings Changes

URI has been the topic of several recent analyst reports. 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 research note on Tuesday, January 14th. Truist Financial restated a “buy” rating and issued a $956.00 price target (down previously from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Citigroup dropped their price target 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. Evercore ISI cut their target price on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Finally, Sanford C. Bernstein upgraded United Rentals from an “underperform” rating to a “market perform” rating and dropped their price target for the stock from $705.00 to $666.00 in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, United Rentals currently has an average rating of “Moderate Buy” and an average target price of $804.15.

United Rentals Trading Down 1.9 %

NYSE:URI opened at $641.30 on Thursday. United Rentals, Inc. has a 1 year low of $585.27 and a 1 year high of $896.98. The business has a fifty day moving average of $692.06 and a 200-day moving average of $755.82. 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 cap of $41.88 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 1.43 and a beta of 1.76.

United Rentals (NYSE:URI) last issued 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 net margin of 16.78% and a return on equity of 34.21%. Equities analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a dividend of $1.79 per share. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Wednesday, February 12th. United Rentals’s payout ratio is presently 18.48%.

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.