Atlantic Edge Private Wealth Management LLC Sells 50 Shares of United Rentals, Inc. (NYSE:URI)

Atlantic Edge Private Wealth Management LLC reduced its stake in shares of United Rentals, Inc. (NYSE:URI) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,316 shares of the construction company’s stock after selling 50 shares during the quarter. Atlantic Edge Private Wealth Management LLC’s holdings in United Rentals were worth $2,336,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of URI. ORG Wealth Partners LLC acquired a new stake in United Rentals in the 4th quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in United Rentals in the 3rd quarter valued at $31,000. Hanson & Doremus Investment Management bought a new stake in shares of United Rentals during the 4th quarter valued at $33,000. Carmichael Hill & Associates Inc. lifted its position in shares of United Rentals by 80.0% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock valued at $36,000 after acquiring an additional 20 shares during the period. Finally, HM Payson & Co. acquired a new position in shares of United Rentals during the 3rd quarter worth $41,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Performance

URI stock opened at $747.16 on Tuesday. The company has a market capitalization of $48.80 billion, a P/E ratio of 19.28, a PEG ratio of 1.54 and a beta of 1.68. 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 business has a 50-day moving average price of $750.63 and a 200 day moving average price of $770.08. United Rentals, Inc. has a 1-year low of $596.48 and a 1-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 net margin of 16.78% and a return on equity of 34.21%. As a group, equities research analysts forecast that United Rentals, Inc. will post 44.93 EPS for the current fiscal year.

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors 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 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Wednesday, February 12th. United Rentals’s dividend payout ratio is currently 16.83%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Robert W. Baird raised United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. increased their price target 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. Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Bank of America lifted their price target on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Truist Financial restated a “buy” rating and set a $956.00 price target (down previously 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 assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.