United Rentals, Inc. (NYSE:URI) Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. boosted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 1.9% in the fourth quarter, HoldingsChannel reports. The firm owned 5,600 shares of the construction company’s stock after buying an additional 103 shares during the period. Oppenheimer Asset Management Inc.’s holdings in United Rentals were worth $3,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in URI. ORG Wealth Partners LLC acquired a new position in shares of United Rentals in the 4th quarter valued at about $26,000. Carmichael Hill & Associates Inc. lifted its holdings in United Rentals by 80.0% in the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock valued at $36,000 after acquiring an additional 20 shares during the period. Hanson & Doremus Investment Management purchased a new stake in United Rentals in the 4th quarter worth approximately $33,000. Kestra Investment Management LLC purchased a new stake in United Rentals in the 4th quarter worth approximately $34,000. Finally, HM Payson & Co. purchased a new position in shares of United Rentals during the 3rd quarter valued at approximately $41,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at United Rentals

In related news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the transaction, the chief financial officer now owns 6,880 shares in the company, valued at approximately $4,390,128. This trade represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Argus increased their price target 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. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price on the stock in a research note on Tuesday, January 14th. Evercore ISI cut their price target on United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Truist Financial reiterated a “buy” rating and set a $956.00 price target (down previously from $963.00) on shares of United Rentals in a research report on Friday, January 31st. Finally, Citigroup cut their price objective on United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research report 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 stock has an average rating of “Moderate Buy” and a consensus target price of $829.00.

United Rentals Stock Up 1.5 %

NYSE URI opened at $642.49 on Friday. The business has a fifty day moving average price of $721.43 and a 200 day moving average price of $768.19. 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 company has a market cap of $41.96 billion, a P/E ratio of 16.58, a P/E/G ratio of 1.43 and a beta of 1.68. United Rentals, Inc. has a one year low of $596.48 and a one year high of $896.98.

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

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 1.11%. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Wednesday, February 12th. United Rentals’s dividend payout ratio (DPR) is 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.