Modera Wealth Management LLC Boosts Holdings in United Rentals, Inc. (NYSE:URI)

Modera Wealth Management LLC boosted its stake in United Rentals, Inc. (NYSE:URI) by 2.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,260 shares of the construction company’s stock after buying an additional 36 shares during the quarter. Modera Wealth Management LLC’s holdings in United Rentals were worth $887,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. ORG Wealth Partners LLC acquired a new stake in shares of United Rentals during the fourth quarter worth about $26,000. Hanson & Doremus Investment Management acquired a new position in United Rentals during the fourth quarter worth approximately $33,000. Kestra Investment Management LLC acquired a new position in United Rentals during the fourth quarter worth approximately $34,000. Carmichael Hill & Associates Inc. lifted its stake in United Rentals by 80.0% in the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock valued at $36,000 after buying an additional 20 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. acquired a new stake in shares of United Rentals in the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Stock Down 3.9 %

United Rentals stock opened at $617.44 on Tuesday. The stock’s 50 day moving average price is $719.38 and its 200 day moving average price is $767.93. United Rentals, Inc. has a 1-year low of $596.48 and a 1-year high of $896.98. The company has a market cap of $40.32 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 1.43 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.

United Rentals (NYSE:URI) last issued its earnings results 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%. On average, sell-side analysts predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a $1.79 dividend. The ex-dividend date was Wednesday, February 12th. This is a boost from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a yield of 1.16%. United Rentals’s dividend payout ratio (DPR) is 18.48%.

Wall Street Analyst Weigh In

URI has been the topic of a number of recent research reports. Truist Financial reaffirmed a “buy” rating and issued a $956.00 target price (down from $963.00) on shares of United Rentals in a report on Friday, January 31st. Morgan Stanley reduced their target price on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. Evercore ISI decreased 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 note on Wednesday, February 19th. JPMorgan Chase & Co. boosted 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. Finally, Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $829.00.

Insider Activity

In related news, CFO William E. Grace sold 1,100 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the completion of the transaction, the chief financial officer now directly owns 6,880 shares of the company’s stock, valued at $4,390,128. This trade represents a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.53% of the company’s stock.

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.