Silver Oak Securities Incorporated Has $1.20 Million Stock Position in United Rentals, Inc. (NYSE:URI)

Silver Oak Securities Incorporated raised its holdings in shares of United Rentals, Inc. (NYSE:URI) by 269.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,698 shares of the construction company’s stock after buying an additional 1,239 shares during the quarter. Silver Oak Securities Incorporated’s holdings in United Rentals were worth $1,199,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. ORG Wealth Partners LLC acquired a new position in United Rentals during the 4th quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of United Rentals during the 3rd quarter worth about $31,000. Hanson & Doremus Investment Management acquired a new position in shares of United Rentals during the fourth quarter valued at about $33,000. Carmichael Hill & Associates Inc. lifted its stake in shares of United Rentals by 80.0% in the third 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 period. Finally, HM Payson & Co. acquired a new stake in United Rentals during the third quarter worth about $41,000. 96.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

URI has been the subject of several recent research reports. Morgan Stanley cut their price target on United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a report on Monday. Citigroup reduced their target price 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. Barclays lifted their price target on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research note 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, Truist Financial reiterated a “buy” rating and set a $956.00 target price (down from $963.00) on shares of United Rentals in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $814.08.

United Rentals Stock Performance

NYSE URI opened at $750.22 on Friday. The firm has a market cap of $49.00 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 1.52 and a beta of 1.68. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a 1-year low of $596.48 and a 1-year high of $896.98. The company has a 50 day moving average of $755.32 and a 200-day moving average of $769.55.

United Rentals (NYSE:URI) last issued 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 16.78% and a return on equity of 34.21%. On average, equities analysts forecast that United Rentals, Inc. will post 46.09 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. Shareholders of record on Wednesday, February 12th will be issued a dividend of $1.79 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a yield of 0.95%. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio is currently 16.83%.

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.