Sigma Planning Corp Has $1.36 Million Holdings in United Rentals, Inc. (NYSE:URI)

Sigma Planning Corp lowered its stake in shares of United Rentals, Inc. (NYSE:URI) by 2.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,928 shares of the construction company’s stock after selling 53 shares during the period. Sigma Planning Corp’s holdings in United Rentals were worth $1,358,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in URI. JPMorgan Chase & Co. boosted its position in shares of United Rentals by 15.4% during the third quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company’s stock valued at $637,968,000 after buying an additional 105,287 shares during the last quarter. FMR LLC lifted its stake in United Rentals by 3.7% during the 3rd quarter. FMR LLC now owns 2,416,568 shares of the construction company’s stock valued at $1,956,768,000 after acquiring an additional 85,325 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in United Rentals by 10.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 704,145 shares of the construction company’s stock worth $570,167,000 after acquiring an additional 66,957 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of United Rentals by 6.1% in the 3rd quarter. Franklin Resources Inc. now owns 996,014 shares of the construction company’s stock worth $862,110,000 after acquiring an additional 57,002 shares in the last quarter. Finally, Mizuho Securities USA LLC grew its stake in shares of United Rentals by 1,067.5% in the 3rd quarter. Mizuho Securities USA LLC now owns 59,879 shares of the construction company’s stock worth $48,486,000 after acquiring an additional 54,750 shares in the last quarter. 96.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Morgan Stanley cut their price target on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Truist Financial restated a “buy” rating and issued a $956.00 target price (down previously from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Citigroup decreased their price target on United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Argus boosted their price objective on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Evercore ISI reduced their price objective on United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $829.00.

United Rentals Trading Down 4.3 %

URI opened at $629.17 on Tuesday. The firm has a market capitalization of $41.09 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 1.43 and a beta of 1.68. United Rentals, Inc. has a one year low of $596.48 and a one year high of $896.98. The business has a 50 day simple moving average of $728.61 and a two-hundred day simple moving average of $770.29. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92.

United Rentals (NYSE:URI) last announced 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%. Analysts predict that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be paid a dividend of $1.79 per share. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date is Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.14%. United Rentals’s payout ratio is presently 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.