E. Ohman J or Asset Management AB Boosts Stock Position in United Rentals, Inc. (NYSE:URI)

E. Ohman J or Asset Management AB grew its holdings in shares of United Rentals, Inc. (NYSE:URI) by 7.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,950 shares of the construction company’s stock after buying an additional 200 shares during the period. E. Ohman J or Asset Management AB’s holdings in United Rentals were worth $2,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in URI. ORG Wealth Partners LLC purchased a new stake in United Rentals during the fourth quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of United Rentals during the 3rd quarter worth approximately $31,000. Hanson & Doremus Investment Management acquired a new position in shares of United Rentals in the 4th quarter valued at $33,000. 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 valued at $36,000 after buying an additional 20 shares during the last quarter. Finally, HM Payson & Co. acquired a new stake in United Rentals during the 3rd quarter worth $41,000. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Trading Up 2.2 %

Shares of United Rentals stock opened at $754.18 on Wednesday. The firm has a market cap of $49.26 billion, a price-to-earnings ratio of 19.46, a price-to-earnings-growth ratio of 1.52 and a beta of 1.68. United Rentals, Inc. has a 52-week low of $596.48 and a 52-week high of $896.98. The company’s 50-day simple moving average is $759.85 and its 200-day simple moving average is $769.92. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42.

United Rentals (NYSE:URI) last released its 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%. As a group, equities research analysts anticipate that United Rentals, Inc. will post 46.09 earnings per share for the current year.

United Rentals Increases Dividend

The business 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 dividend of $1.79 per share. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Wednesday, February 12th. United Rentals’s payout ratio is presently 16.83%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective for the company in a research note on Tuesday, January 14th. Bank of America raised their price target on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. boosted their price objective on United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Barclays lifted their target price on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, United Rentals has a consensus rating of “Moderate Buy” and an average price target of $814.08.

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.