Foster & Motley Inc. Boosts Holdings in United Rentals, Inc. (NYSE:URI)

Foster & Motley Inc. raised its holdings in United Rentals, Inc. (NYSE:URI) by 1.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,321 shares of the construction company’s stock after purchasing an additional 92 shares during the period. Foster & Motley Inc.’s holdings in United Rentals were worth $5,861,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of URI. ORG Wealth Partners LLC purchased a new position in United Rentals in the 4th quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of United Rentals during the third quarter valued at approximately $31,000. Carmichael Hill & Associates Inc. boosted its position in United Rentals by 80.0% during the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after acquiring an additional 20 shares during the last quarter. HM Payson & Co. acquired a new stake in United Rentals during the third quarter worth approximately $41,000. Finally, Trust Co. of Vermont grew its stake in United Rentals by 6,000.0% in the 3rd quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock worth $49,000 after acquiring an additional 60 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Performance

Shares of URI stock opened at $758.30 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. The company has a market cap of $49.76 billion, a PE ratio of 19.80, a P/E/G ratio of 1.73 and a beta of 1.69. The company’s fifty day simple moving average is $767.89 and its 200-day simple moving average is $768.71. United Rentals, Inc. has a 52 week low of $596.48 and a 52 week high of $896.98.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a net margin of 17.12% and a return on equity of 34.73%. As a group, equities research analysts anticipate that United Rentals, Inc. will post 43.43 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 issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 0.94%. This is a boost from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio is currently 17.03%.

Analyst Upgrades and Downgrades

URI has been the topic of several analyst reports. Barclays raised their price objective on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Citigroup dropped their price objective on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. 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 report on Tuesday, January 14th. Finally, Truist Financial lowered their target price on shares of United Rentals from $965.00 to $963.00 and set a “buy” rating for the company in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $813.73.

About United Rentals

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.