Global Retirement Partners LLC Purchases 17 Shares of United Rentals, Inc. (NYSE:URI)

Global Retirement Partners LLC lifted its stake in shares of United Rentals, Inc. (NYSE:URI) by 4.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 395 shares of the construction company’s stock after buying an additional 17 shares during the quarter. Global Retirement Partners LLC’s holdings in United Rentals were worth $278,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Semus Wealth Partners LLC raised its holdings in shares of United Rentals by 35.7% during the fourth quarter. Semus Wealth Partners LLC now owns 1,532 shares of the construction company’s stock valued at $1,079,000 after purchasing an additional 403 shares during the period. Bank of Jackson Hole Trust bought a new stake in shares of United Rentals during the fourth quarter valued at approximately $72,000. Klingman & Associates LLC raised its position in shares of United Rentals by 2.3% during the fourth quarter. Klingman & Associates LLC now owns 669 shares of the construction company’s stock worth $471,000 after purchasing an additional 15 shares during the period. Kestra Investment Management LLC acquired a new position in shares of United Rentals during the fourth quarter worth approximately $34,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of United Rentals by 12.2% in the 4th quarter. Venturi Wealth Management LLC now owns 20,539 shares of the construction company’s stock worth $14,468,000 after purchasing an additional 2,227 shares in the last quarter. 96.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

URI has been the subject of a number of recent research reports. 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 research note on Friday, January 31st. Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price on the stock in a report on Tuesday, January 14th. Morgan Stanley dropped 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 report on Monday, February 3rd. Citigroup dropped their target price on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, Argus upped their price target on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $829.00.

United Rentals Stock Down 4.3 %

Shares of NYSE:URI opened at $629.17 on Tuesday. The company has a market capitalization of $41.09 billion, a PE ratio of 16.24, a price-to-earnings-growth 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. 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 fifty day moving average price of $728.61 and a two-hundred day moving average price of $770.29.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share (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%. Analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Wednesday, February 12th. This is a boost from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s payout ratio is 18.48%.

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.