Stratos Wealth Partners LTD. Acquires 30 Shares of United Rentals, Inc. (NYSE:URI)

Stratos Wealth Partners LTD. increased its holdings in shares of United Rentals, Inc. (NYSE:URI) by 0.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,304 shares of the construction company’s stock after purchasing an additional 30 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in United Rentals were worth $9,372,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Mayflower Financial Advisors LLC raised its holdings in shares of United Rentals by 4.0% during the third quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock worth $274,000 after acquiring an additional 13 shares during the period. Allen Capital Group LLC raised its stake in shares of United Rentals by 4.2% in the 3rd quarter. Allen Capital Group LLC now owns 324 shares of the construction company’s stock valued at $262,000 after purchasing an additional 13 shares during the period. First County Bank CT lifted its holdings in shares of United Rentals by 3.2% in the third quarter. First County Bank CT now owns 422 shares of the construction company’s stock valued at $342,000 after purchasing an additional 13 shares in the last quarter. CVA Family Office LLC boosted its position in shares of United Rentals by 1.7% during the third quarter. CVA Family Office LLC now owns 844 shares of the construction company’s stock worth $683,000 after buying an additional 14 shares during the period. Finally, Concurrent Investment Advisors LLC grew its holdings in shares of United Rentals by 3.2% during the third quarter. Concurrent Investment Advisors LLC now owns 453 shares of the construction company’s stock worth $367,000 after buying an additional 14 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Barclays upped their price target on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Argus increased their target price on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. lifted their price target on shares of United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. 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 note on Friday, January 31st. Finally, Citigroup dropped their target price on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, United Rentals presently has a consensus rating of “Moderate Buy” and an average price target of $814.08.

United Rentals Stock Down 2.2 %

URI opened at $737.27 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The stock’s fifty day simple moving average is $757.46 and its 200 day simple moving average is $769.69. United Rentals, Inc. has a 1-year low of $596.48 and a 1-year high of $896.98. The stock has a market cap of $48.15 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of 1.52 and a beta of 1.68.

United Rentals (NYSE:URI) last issued its quarterly earnings data 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 net margin of 16.78% and a return on equity of 34.21%. As a group, research analysts expect that United Rentals, Inc. will post 46.09 earnings per share for the current year.

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be given a $1.79 dividend. This is an increase from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date is Wednesday, February 12th. This represents a $7.16 annualized dividend and a dividend yield of 0.97%. United Rentals’s dividend payout ratio is presently 16.83%.

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.