Mayflower Financial Advisors LLC Acquires 25 Shares of United Rentals, Inc. (NYSE:URI)

Mayflower Financial Advisors LLC grew its stake in shares of United Rentals, Inc. (NYSE:URI) by 7.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 364 shares of the construction company’s stock after purchasing an additional 25 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in United Rentals were worth $256,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on URI shares. Truist Financial decreased their price objective 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. Citigroup reduced 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. Argus lifted 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. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Bank of America increased their target price on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $813.73.

United Rentals Trading Down 1.1 %

Shares of URI opened at $758.30 on Thursday. The stock has a market capitalization 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 moving average is $767.89 and its 200 day moving average is $768.71. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82. United Rentals, Inc. has a fifty-two week low of $596.48 and a fifty-two week high of $896.98.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing analysts’ consensus estimates of $11.65 by ($0.06). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. Sell-side analysts expect that United Rentals, Inc. will post 43.43 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be paid a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 0.94%. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio (DPR) is presently 17.03%.

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.