Adero Partners LLC Grows Stock Holdings in United Rentals, Inc. (NYSE:URI)

Adero Partners LLC boosted its stake in United Rentals, Inc. (NYSE:URI) by 12.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 332 shares of the construction company’s stock after purchasing an additional 37 shares during the quarter. Adero Partners LLC’s holdings in United Rentals were worth $234,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. ORG Wealth Partners LLC purchased a new stake in United Rentals in the 4th quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in United Rentals in the 3rd quarter worth $31,000. Carmichael Hill & Associates Inc. lifted its stake in United Rentals by 80.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after purchasing an additional 20 shares in the last quarter. Hanson & Doremus Investment Management purchased a new stake in United Rentals in the 4th quarter worth $33,000. Finally, HM Payson & Co. purchased a new stake in United Rentals in the 3rd quarter worth $41,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of URI stock opened at $750.22 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The company has a market capitalization of $49.00 billion, a P/E ratio of 19.36, a P/E/G ratio of 1.52 and a beta of 1.68. The company’s 50-day simple moving average is $755.32 and its two-hundred day simple moving average is $769.55. United Rentals, Inc. has a one year low of $596.48 and a one year high of $896.98.

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 return on equity of 34.21% and a net margin of 16.78%. As a group, equities analysts anticipate that United Rentals, Inc. will post 46.09 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. 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 0.95%. The ex-dividend date of this dividend is Wednesday, February 12th. United Rentals’s dividend payout ratio is currently 16.83%.

Analyst Upgrades and Downgrades

Several brokerages have commented on URI. Morgan Stanley decreased 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 research note on Monday. JPMorgan Chase & Co. boosted their target price on shares of United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Truist Financial restated a “buy” rating and issued a $956.00 target price (down from $963.00) on shares of United Rentals in a report on Friday, January 31st. Barclays boosted their target price on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. Finally, Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $814.08.

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.