NewEdge Advisors LLC Purchases 127 Shares of United Rentals, Inc. (NYSE:URI)

NewEdge Advisors LLC boosted its position in shares of United Rentals, Inc. (NYSE:URI) by 4.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,701 shares of the construction company’s stock after acquiring an additional 127 shares during the quarter. NewEdge Advisors LLC’s holdings in United Rentals were worth $1,903,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stenger Family Office LLC purchased a new stake in United Rentals in the fourth quarter worth $1,257,000. Jump Financial LLC grew its holdings in shares of United Rentals by 3,176.8% in the fourth quarter. Jump Financial LLC now owns 13,828 shares of the construction company’s stock worth $9,741,000 after purchasing an additional 13,406 shares during the last quarter. Ontario Teachers Pension Plan Board increased its stake in United Rentals by 25.5% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 2,873 shares of the construction company’s stock worth $2,024,000 after buying an additional 584 shares during the period. Canada Post Corp Registered Pension Plan bought a new stake in United Rentals during the 4th quarter valued at about $787,000. Finally, CreativeOne Wealth LLC boosted its position in United Rentals by 16.5% in the 4th quarter. CreativeOne Wealth LLC now owns 2,251 shares of the construction company’s stock valued at $1,586,000 after buying an additional 318 shares during the period. 96.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the completion of the sale, the chief financial officer now owns 6,880 shares of the company’s stock, valued at approximately $4,390,128. This trade represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.53% of the stock is owned by company insiders.

United Rentals Stock Up 0.6 %

NYSE:URI opened at $573.94 on Wednesday. The company’s 50-day simple moving average is $622.56 and its 200-day simple moving average is $730.18. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $896.98. The stock has a market capitalization of $37.50 billion, a P/E ratio of 14.81, a P/E/G ratio of 1.43 and a beta of 1.72.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, January 29th. The construction company reported $11.59 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%. On average, equities analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a $1.79 dividend. This is a boost from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.25%. United Rentals’s dividend payout ratio (DPR) is presently 18.48%.

Wall Street Analyst Weigh In

URI has been the topic of a number of research reports. Sanford C. Bernstein raised shares of United Rentals from an “underperform” rating to a “market perform” rating and reduced their target price for the stock from $705.00 to $666.00 in a research report on Tuesday, March 25th. Truist Financial reduced their price objective on United Rentals from $956.00 to $732.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. UBS Group lowered United Rentals from a “buy” rating to a “sell” rating and decreased their target price for the company from $910.00 to $485.00 in a research report on Monday, April 7th. Bank of America dropped their price target on United Rentals from $850.00 to $750.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Finally, JPMorgan Chase & Co. decreased their price objective on United Rentals from $1,000.00 to $750.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $729.79.

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.