United Rentals, Inc. (NYSE:URI) Shares Acquired by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB increased its position in shares of United Rentals, Inc. (NYSE:URI) by 7.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,950 shares of the construction company’s stock after acquiring an additional 200 shares during the period. E. Ohman J or Asset Management AB’s holdings in United Rentals were worth $2,078,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. F&V Capital Management LLC raised its stake in shares of United Rentals by 1.6% during the 4th quarter. F&V Capital Management LLC now owns 30,188 shares of the construction company’s stock worth $21,266,000 after buying an additional 470 shares during the last quarter. KPP Advisory Services LLC purchased a new position in United Rentals during the 4th quarter valued at about $333,000. CENTRAL TRUST Co raised its position in United Rentals by 31.1% during the fourth quarter. CENTRAL TRUST Co now owns 674 shares of the construction company’s stock worth $475,000 after acquiring an additional 160 shares during the last quarter. Greenleaf Trust lifted its holdings in shares of United Rentals by 1.1% in the fourth quarter. Greenleaf Trust now owns 1,667 shares of the construction company’s stock valued at $1,174,000 after purchasing an additional 18 shares in the last quarter. Finally, DAVENPORT & Co LLC grew its position in shares of United Rentals by 35.3% in the fourth quarter. DAVENPORT & Co LLC now owns 1,001 shares of the construction company’s stock valued at $705,000 after purchasing an additional 261 shares during the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on URI. Truist Financial restated a “buy” rating and set a $956.00 price objective (down from $963.00) on shares of United Rentals in a research report on Friday, January 31st. JPMorgan Chase & Co. boosted their price target on United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Citigroup decreased their price objective on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Bank of America boosted their target price on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Robert W. Baird raised shares of 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $814.08.

United Rentals Trading Up 2.2 %

Shares of URI stock opened at $754.18 on Wednesday. The firm’s 50-day simple moving average is $759.85 and its 200-day simple moving average is $769.92. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. United Rentals, Inc. has a 1-year low of $596.48 and a 1-year high of $896.98. The firm has a market cap of $49.26 billion, a P/E 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 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%. As a group, equities analysts forecast that United Rentals, Inc. will post 46.09 EPS for the current year.

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be issued a $1.79 dividend. 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 a boost from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio (DPR) is presently 16.83%.

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.