United Rentals, Inc. (NYSE:URI) Shares Bought by Moors & Cabot Inc.

Moors & Cabot Inc. grew its stake in United Rentals, Inc. (NYSE:URI) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,944 shares of the construction company’s stock after purchasing an additional 364 shares during the quarter. Moors & Cabot Inc.’s holdings in United Rentals were worth $12,641,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Allen Capital Group LLC boosted its holdings 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 buying an additional 13 shares during the period. First County Bank CT boosted its holdings in shares of United Rentals by 3.2% in the 3rd quarter. First County Bank CT now owns 422 shares of the construction company’s stock valued at $342,000 after buying an additional 13 shares during the period. Adell Harriman & Carpenter Inc. boosted its holdings in shares of United Rentals by 1.8% in the 4th quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company’s stock valued at $573,000 after buying an additional 14 shares during the period. Valmark Advisers Inc. boosted its holdings in shares of United Rentals by 1.8% in the 4th quarter. Valmark Advisers Inc. now owns 788 shares of the construction company’s stock valued at $555,000 after buying an additional 14 shares during the period. Finally, Brooklyn Investment Group boosted its holdings in shares of United Rentals by 3.4% in the 3rd quarter. Brooklyn Investment Group now owns 450 shares of the construction company’s stock valued at $364,000 after buying an additional 15 shares during the period. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Up 0.1 %

URI stock opened at $600.39 on Wednesday. United Rentals, Inc. has a 52 week low of $585.27 and a 52 week high of $896.98. The company has a market capitalization of $39.21 billion, a price-to-earnings ratio of 15.49, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76. The firm’s 50-day moving average is $706.98 and its two-hundred day moving average is $763.35. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42.

United Rentals (NYSE:URI) last released its quarterly 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 return on equity of 34.21% and a net margin of 16.78%. On average, analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a $1.79 dividend. This is an increase from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Wednesday, February 12th. United Rentals’s payout ratio is presently 18.48%.

Insider Buying and Selling

In related news, CFO William E. Grace sold 1,100 shares of the business’s 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 sale, the chief financial officer now directly owns 6,880 shares in the company, valued at $4,390,128. The trade was a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on URI shares. 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 report on Friday, January 31st. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target for the company in a report on Tuesday, January 14th. Morgan Stanley reduced their target price on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Truist Financial reissued a “buy” rating and set a $956.00 target price (down from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Finally, Argus boosted their target price on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, United Rentals currently has a consensus rating of “Moderate Buy” and an average price target of $829.00.

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.