GHP Investment Advisors Inc. Raises Holdings in United Rentals, Inc. (NYSE:URI)

GHP Investment Advisors Inc. increased its position in United Rentals, Inc. (NYSE:URI) by 6.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,855 shares of the construction company’s stock after buying an additional 877 shares during the period. GHP Investment Advisors Inc.’s holdings in United Rentals were worth $10,464,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. FMR LLC raised its position in shares of United Rentals by 3.7% in the 3rd quarter. FMR LLC now owns 2,416,568 shares of the construction company’s stock worth $1,956,768,000 after buying an additional 85,325 shares during the period. International Assets Investment Management LLC raised its position in shares of United Rentals by 82,462.2% in the 3rd quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company’s stock worth $1,300,962,000 after buying an additional 1,604,715 shares during the period. Geode Capital Management LLC raised its position in shares of United Rentals by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,566,802 shares of the construction company’s stock worth $1,264,326,000 after buying an additional 9,256 shares during the period. Franklin Resources Inc. raised its position 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 buying an additional 57,002 shares during the period. Finally, JPMorgan Chase & Co. raised its position in United Rentals by 15.4% in the third quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company’s stock valued at $637,968,000 after purchasing an additional 105,287 shares during the period. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Stock Down 2.2 %

NYSE:URI opened at $737.27 on Thursday. The company has a market capitalization of $48.15 billion, a price-to-earnings ratio of 19.03, a price-to-earnings-growth ratio of 1.52 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 stock has a 50-day simple moving average of $757.46 and a 200 day simple moving average of $769.69. 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 (NYSE:URI) last issued 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%. Sell-side analysts predict that United Rentals, Inc. will post 46.09 EPS for the current fiscal 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 paid a $1.79 dividend. This is an increase from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Wednesday, February 12th. United Rentals’s payout ratio is presently 16.83%.

Analysts Set New Price Targets

Several research firms have commented on URI. Bank of America raised their price objective on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Truist Financial reissued a “buy” rating and issued a $956.00 price objective (down from $963.00) on shares of United Rentals in a research report on Friday, January 31st. JPMorgan Chase & Co. raised their price objective on United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Robert W. Baird raised United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective on the stock in a research report on Tuesday, January 14th. Finally, Argus raised their price objective on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, United Rentals currently has an average 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.