United Rentals, Inc. (NYSE:URI) Holdings Raised by IFP Advisors Inc

IFP Advisors Inc boosted its stake in United Rentals, Inc. (NYSE:URI) by 9.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,442 shares of the construction company’s stock after acquiring an additional 288 shares during the quarter. IFP Advisors Inc’s holdings in United Rentals were worth $2,426,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC bought a new position in shares of United Rentals during the 4th quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of United Rentals during the 3rd quarter valued at $31,000. Hanson & Doremus Investment Management bought a new position in shares of United Rentals during the 4th quarter valued at $33,000. Kestra Investment Management LLC bought a new position in shares of United Rentals during the 4th quarter valued at $34,000. Finally, Carmichael Hill & Associates Inc. raised its holdings in shares of United Rentals by 80.0% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock valued at $36,000 after purchasing an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Stock Performance

NYSE URI opened at $638.53 on Wednesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The firm has a market capitalization of $41.70 billion, a price-to-earnings ratio of 16.48, a P/E/G ratio of 1.43 and a beta of 1.68. The company’s fifty day moving average is $726.21 and its two-hundred day moving average is $769.89. United Rentals, Inc. has a 52-week low of $596.48 and a 52-week high of $896.98.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. Equities research analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be given a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 1.12%. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date is Wednesday, February 12th. United Rentals’s dividend payout ratio (DPR) is currently 18.48%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on URI shares. Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target on the stock in a report on Tuesday, January 14th. Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Truist Financial restated a “buy” rating and set a $956.00 price target (down previously from $963.00) on shares of United Rentals in a report on Friday, January 31st. Argus lifted 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. Finally, Citigroup dropped their target price on shares of 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 issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.