Legacy Capital Wealth Partners LLC Acquires 135 Shares of United Rentals, Inc. (NYSE:URI)

Legacy Capital Wealth Partners LLC increased its holdings in shares of United Rentals, Inc. (NYSE:URI) by 46.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 425 shares of the construction company’s stock after purchasing an additional 135 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in United Rentals were worth $299,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. FMR LLC raised its stake in United Rentals by 3.7% during the third quarter. FMR LLC now owns 2,416,568 shares of the construction company’s stock valued at $1,956,768,000 after purchasing an additional 85,325 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of United Rentals by 82,462.2% during the 3rd 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 buying an additional 1,604,715 shares in the last quarter. Geode Capital Management LLC grew its position 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 acquiring an additional 9,256 shares in the last quarter. Franklin Resources Inc. raised its position in United Rentals by 6.1% during the third quarter. Franklin Resources Inc. now owns 996,014 shares of the construction company’s stock valued at $862,110,000 after purchasing an additional 57,002 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of United Rentals by 15.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company’s stock valued at $637,968,000 after purchasing an additional 105,287 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Up 1.6 %

United Rentals stock opened at $741.10 on Tuesday. 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 has a market capitalization of $48.40 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 1.54 and a beta of 1.68. The business has a fifty day moving average price of $738.87 and a 200-day moving average price of $770.03. United Rentals, Inc. has a 1-year low of $596.48 and a 1-year high of $896.98.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 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%. Equities research analysts forecast that United Rentals, Inc. will post 44.93 EPS for the current fiscal year.

United Rentals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 0.97%. This is a boost from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date is Wednesday, February 12th. United Rentals’s payout ratio is presently 16.83%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on URI shares. 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. Argus boosted their price objective on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Bank of America boosted their price objective on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Citigroup dropped 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 note on Tuesday, January 14th. Finally, Barclays upped their target price on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. 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 stock. Based on data from MarketBeat.com, United Rentals presently has an average rating of “Moderate Buy” and an average target price of $814.08.

About United Rentals

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.