Paradigm Asset Management Co. LLC Sells 1,400 Shares of United Rentals, Inc. (NYSE:URI)

Paradigm Asset Management Co. LLC decreased its stake in United Rentals, Inc. (NYSE:URI) by 68.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 658 shares of the construction company’s stock after selling 1,400 shares during the period. Paradigm Asset Management Co. LLC’s holdings in United Rentals were worth $464,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in URI. ORG Wealth Partners LLC acquired a new position in United Rentals in the fourth quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of United Rentals in the 3rd quarter worth about $31,000. Hanson & Doremus Investment Management acquired a new position in shares of United Rentals in the 4th quarter valued at about $33,000. Kestra Investment Management LLC bought a new stake in shares of United Rentals during the 4th quarter valued at about $34,000. Finally, Carmichael Hill & Associates Inc. grew its stake in United Rentals by 80.0% during the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after purchasing an additional 20 shares during the period. 96.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

URI has been the topic of several recent analyst reports. Morgan Stanley dropped their price target on United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Truist Financial reiterated a “buy” rating and set a $956.00 target price (down previously from $963.00) on shares of United Rentals in a research report on Friday, January 31st. Evercore ISI reduced their price target on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a report on Wednesday. JPMorgan Chase & Co. upped their price objective on shares of United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating 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 assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $829.00.

United Rentals Price Performance

Shares of NYSE URI opened at $656.42 on Friday. 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 company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. United Rentals, Inc. has a fifty-two week low of $596.48 and a fifty-two week high of $896.98. The firm’s 50-day simple moving average is $731.32 and its 200 day simple moving average is $769.34.

United Rentals (NYSE:URI) last posted its 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 net margin of 16.78% and a return on equity of 34.21%. As a group, research analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 1.09%. This is an increase from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date is Wednesday, February 12th. United Rentals’s payout ratio is currently 18.48%.

United Rentals Company 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.