Forvis Mazars Wealth Advisors LLC Sells 302 Shares of United Rentals, Inc. (NYSE:URI)

Forvis Mazars Wealth Advisors LLC lessened its position in shares of United Rentals, Inc. (NYSE:URI) by 6.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,217 shares of the construction company’s stock after selling 302 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in United Rentals were worth $2,971,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of URI. Ballentine Partners LLC raised its position in shares of United Rentals by 8.3% in the third quarter. Ballentine Partners LLC now owns 1,085 shares of the construction company’s stock worth $879,000 after buying an additional 83 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in United Rentals by 11.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,203 shares of the construction company’s stock worth $7,492,000 after acquiring an additional 964 shares during the last quarter. Forsta AP Fonden raised its holdings in shares of United Rentals by 12.4% in the 3rd quarter. Forsta AP Fonden now owns 14,500 shares of the construction company’s stock valued at $11,741,000 after acquiring an additional 1,600 shares in the last quarter. Arkadios Wealth Advisors bought a new stake in shares of United Rentals during the 3rd quarter valued at about $247,000. Finally, PFG Investments LLC boosted its position in shares of United Rentals by 6.1% during the 3rd quarter. PFG Investments LLC now owns 1,328 shares of the construction company’s stock valued at $1,075,000 after acquiring an additional 76 shares during the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Price Performance

URI opened at $656.42 on Monday. 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 stock’s 50 day simple moving average is $731.32 and its 200 day simple moving average is $770.71. The firm has a market cap of $42.87 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 1.43 and a beta of 1.68. 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 earnings per share (EPS) for the quarter, missing the consensus estimate 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, analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be given a $1.79 dividend. This is a boost from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date is Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.09%. United Rentals’s payout ratio is presently 18.48%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on URI. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Truist Financial restated a “buy” rating and set a $956.00 price objective (down previously from $963.00) on shares of United Rentals in a research report on Friday, January 31st. Evercore ISI cut their target price on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Citigroup lowered their price target on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, Morgan Stanley cut their price objective on United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $829.00.

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.