Blair William & Co. IL Purchases 1,315 Shares of United Rentals, Inc. (NYSE:URI)

Blair William & Co. IL raised its holdings in shares of United Rentals, Inc. (NYSE:URI) by 18.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,462 shares of the construction company’s stock after acquiring an additional 1,315 shares during the quarter. Blair William & Co. IL’s holdings in United Rentals were worth $5,961,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Adell Harriman & Carpenter Inc. boosted its position in United Rentals by 1.8% during the fourth quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company’s stock valued at $573,000 after purchasing an additional 14 shares during the last quarter. 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 last quarter. Erste Asset Management GmbH boosted its holdings in shares of United Rentals by 0.5% in the 4th quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company’s stock valued at $2,002,000 after buying an additional 14 shares during the last quarter. Klingman & Associates LLC grew its stake in shares of United Rentals by 2.3% in the fourth quarter. Klingman & Associates LLC now owns 669 shares of the construction company’s stock valued at $471,000 after buying an additional 15 shares in the last quarter. Finally, Moody National Bank Trust Division increased its holdings in United Rentals by 4.5% during the fourth quarter. Moody National Bank Trust Division now owns 368 shares of the construction company’s stock worth $259,000 after buying an additional 16 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO William E. Grace sold 1,100 shares of the stock in a transaction 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 sale, the chief financial officer now directly owns 6,880 shares of the company’s stock, valued at approximately $4,390,128. This represents a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.53% of the company’s stock.

United Rentals Trading Down 2.9 %

Shares of United Rentals stock opened at $627.10 on Monday. 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 firm has a 50-day moving average of $686.97 and a 200-day moving average of $755.28. United Rentals, Inc. has a 52-week low of $585.27 and a 52-week high of $896.98. The stock has a market cap of $40.97 billion, a PE ratio of 16.18, a PEG ratio of 1.43 and a beta of 1.76.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share (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%. As a group, sell-side 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 was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a dividend of $1.79 per share. The ex-dividend date was Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a yield of 1.14%. This is an increase from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio is currently 18.48%.

Wall Street Analyst Weigh In

URI has been the subject of a number of analyst reports. Bank of America decreased their price objective on shares of United Rentals from $850.00 to $750.00 and set a “buy” rating for the company in a research report on Friday, March 21st. 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 report on Friday, January 31st. Evercore ISI dropped their price objective on United Rentals from $1,004.00 to $974.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. JPMorgan Chase & Co. lifted their target price on United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a research note 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 research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, United Rentals presently has a consensus rating of “Moderate Buy” and a consensus price target of $804.15.

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.