Burney Co. Has $13.63 Million Holdings in United Rentals, Inc. (NYSE:URI)

Burney Co. boosted its position in shares of United Rentals, Inc. (NYSE:URI) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,341 shares of the construction company’s stock after purchasing an additional 86 shares during the period. Burney Co.’s holdings in United Rentals were worth $13,625,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of URI. ORG Wealth Partners LLC bought a new position in United Rentals in the fourth quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of United Rentals during the 3rd quarter worth about $31,000. Carmichael Hill & Associates Inc. grew its holdings in shares of United Rentals by 80.0% in 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 in the last quarter. HM Payson & Co. acquired a new stake in shares of United Rentals in the third quarter valued at about $41,000. Finally, Trust Co. of Vermont increased its position in shares of United Rentals by 6,000.0% in the third quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock valued at $49,000 after acquiring an additional 60 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors.

United Rentals Stock Up 1.1 %

Shares of URI opened at $737.99 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. United Rentals, Inc. has a 12 month low of $545.16 and a 12 month high of $896.98. The firm’s 50 day moving average is $787.08 and its 200-day moving average is $759.44. The stock has a market capitalization of $48.43 billion, a PE ratio of 19.27, a P/E/G ratio of 1.83 and a beta of 1.69.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). The company had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. United Rentals’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business earned $11.73 EPS. Equities research analysts forecast that United Rentals, Inc. will post 43.46 EPS for the current year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend was Wednesday, November 13th. United Rentals’s dividend payout ratio (DPR) is presently 17.03%.

Insider Buying and Selling

In related news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $823.24, for a total transaction of $740,916.00. Following the sale, the senior vice president now owns 2,044 shares in the company, valued at approximately $1,682,702.56. This trade represents a 30.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.53% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on URI. Truist Financial raised their target price on shares of United Rentals from $955.00 to $965.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. lifted their price target on United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Bank of America boosted their price target on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $805.25.

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.