SteelPeak Wealth LLC Acquires 24 Shares of United Rentals, Inc. (NYSE:URI)

SteelPeak Wealth LLC raised its holdings in shares of United Rentals, Inc. (NYSE:URI) by 1.1% in the 4th quarter, Holdings Channel reports. The firm owned 2,154 shares of the construction company’s stock after purchasing an additional 24 shares during the quarter. SteelPeak Wealth LLC’s holdings in United Rentals were worth $1,517,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in United Rentals by 11.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,203 shares of the construction company’s stock valued at $7,492,000 after buying an additional 964 shares in the last quarter. Retireful LLC purchased a new position in shares of United Rentals during the third quarter worth approximately $697,000. Mizuho Securities USA LLC raised its stake in shares of United Rentals by 1,067.5% during the third quarter. Mizuho Securities USA LLC now owns 59,879 shares of the construction company’s stock valued at $48,486,000 after acquiring an additional 54,750 shares in the last quarter. Fiduciary Alliance LLC boosted its holdings in shares of United Rentals by 196.5% in the fourth quarter. Fiduciary Alliance LLC now owns 1,420 shares of the construction company’s stock valued at $1,000,000 after purchasing an additional 941 shares during the period. Finally, Nordea Investment Management AB increased its holdings in United Rentals by 7.6% during the 4th quarter. Nordea Investment Management AB now owns 732,954 shares of the construction company’s stock worth $517,018,000 after purchasing an additional 52,037 shares during the period. 96.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on URI shares. Citigroup lowered their target price on United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Argus increased their target price on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Barclays boosted their price target 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. Bank of America increased their price objective on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $813.73.

United Rentals Trading Down 1.1 %

Shares of NYSE:URI opened at $758.30 on Thursday. The business’s 50-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 current ratio of 0.82 and a quick ratio of 0.77. United Rentals, Inc. has a 1 year low of $596.48 and a 1 year high of $896.98. The firm has a market capitalization of $49.76 billion, a P/E ratio of 19.80, a P/E/G ratio of 1.73 and a beta of 1.69.

United Rentals (NYSE:URI) last posted its quarterly earnings data 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 net margin of 17.12% and a return on equity of 34.73%. On average, research analysts predict 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 issued 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 dividend on an annualized basis and a dividend yield of 0.94%. United Rentals’s payout ratio is 17.03%.

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.