Stiles Financial Services Inc Buys 214 Shares of United Rentals, Inc. (NYSE:URI)

Stiles Financial Services Inc lifted its stake in shares of United Rentals, Inc. (NYSE:URI) by 52.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 624 shares of the construction company’s stock after buying an additional 214 shares during the quarter. Stiles Financial Services Inc’s holdings in United Rentals were worth $440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. 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 acquiring an additional 85,325 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of United Rentals by 82,462.2% during the third quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company’s stock valued at $1,300,962,000 after purchasing an additional 1,604,715 shares in the last quarter. Geode Capital Management LLC grew its stake in United Rentals by 0.6% in the third quarter. Geode Capital Management LLC now owns 1,566,802 shares of the construction company’s stock worth $1,264,326,000 after purchasing an additional 9,256 shares during the period. Franklin Resources Inc. raised its holdings in United Rentals by 6.1% in the third quarter. Franklin Resources Inc. now owns 996,014 shares of the construction company’s stock worth $862,110,000 after purchasing an additional 57,002 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in 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 period. 96.26% of the stock is owned by institutional investors.

United Rentals Price Performance

Shares of NYSE:URI opened at $740.69 on Monday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. The firm has a market cap of $48.37 billion, a price-to-earnings ratio of 19.11, a price-to-earnings-growth ratio of 1.54 and a beta of 1.68. The business has a 50-day simple moving average of $752.83 and a two-hundred day simple moving average of $770.13. United Rentals, Inc. has a fifty-two week low of $596.48 and a fifty-two week high of $896.98.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share 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, analysts expect that United Rentals, Inc. will post 44.93 earnings per share for the current year.

United Rentals Increases Dividend

The company also recently declared 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 represents a $7.16 annualized dividend and a dividend yield of 0.97%. This is a boost from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Wednesday, February 12th. United Rentals’s dividend payout ratio is presently 16.83%.

Analyst Ratings Changes

A number of research firms have recently weighed in on URI. Citigroup reduced their target price on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Bank of America raised their target price 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. Morgan Stanley dropped their price target on United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. 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. Finally, Truist Financial reissued 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.