United Rentals, Inc. (NYSE:URI) Shares Bought by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. lifted its holdings in United Rentals, Inc. (NYSE:URI) by 0.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,327 shares of the construction company’s stock after purchasing an additional 70 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in United Rentals were worth $5,866,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in URI. ORG Wealth Partners LLC acquired a new position in United Rentals in the fourth quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of United Rentals during the 3rd quarter worth $31,000. Hanson & Doremus Investment Management acquired a new position in shares of United Rentals in the 4th quarter worth $33,000. Kestra Investment Management LLC acquired a new stake in shares of United Rentals during the fourth quarter worth $34,000. Finally, Carmichael Hill & Associates Inc. lifted its holdings in shares of United Rentals by 80.0% during the third 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 during the last quarter. 96.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on URI shares. JPMorgan Chase & Co. lifted their price target 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. 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 research report on Wednesday, November 20th. Morgan Stanley reduced their price target on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Citigroup cut their target price on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $829.00.

United Rentals Price Performance

URI opened at $656.42 on Friday. The stock has a fifty day moving average price of $731.32 and a 200 day moving average price of $769.34. 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, Inc. has a 1 year low of $596.48 and a 1 year high of $896.98. 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.

United Rentals (NYSE:URI) last announced 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 net margin of 16.78% and a return on equity of 34.21%. Analysts forecast 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 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 1.09%. This is an increase from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend 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.