Montgomery Investment Management Inc. Cuts Stake in United Rentals, Inc. (NYSE:URI)

Montgomery Investment Management Inc. lowered its stake in United Rentals, Inc. (NYSE:URI) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,977 shares of the construction company’s stock after selling 104 shares during the quarter. United Rentals comprises approximately 9.7% of Montgomery Investment Management Inc.’s investment portfolio, making the stock its biggest holding. Montgomery Investment Management Inc. owned 0.05% of United Rentals worth $24,639,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of URI. ORG Wealth Partners LLC bought a new stake in shares of United Rentals in the fourth quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of United Rentals in the third quarter worth $31,000. Carmichael Hill & Associates Inc. lifted its position in shares of United Rentals by 80.0% in the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after purchasing an additional 20 shares in the last quarter. Hanson & Doremus Investment Management bought a new stake in United Rentals during the fourth quarter worth $33,000. Finally, HM Payson & Co. bought a new stake in United Rentals during the third quarter worth $41,000. Institutional investors own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Citigroup dropped their price target on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Truist Financial reiterated a “buy” rating and issued a $956.00 price objective (down from $963.00) on shares of United Rentals in a report on Friday, January 31st. Argus upped their price objective on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective on the stock in a report on Tuesday, January 14th. Finally, Bank of America upped their price objective on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, United Rentals presently has a consensus rating of “Moderate Buy” and an average target price of $814.08.

United Rentals Stock Up 2.2 %

URI stock opened at $754.18 on Wednesday. The stock has a market capitalization of $49.26 billion, a P/E ratio of 19.46, a price-to-earnings-growth ratio of 1.52 and a beta of 1.68. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a 12 month low of $596.48 and a 12 month high of $896.98. The firm has a 50-day moving average price of $759.85 and a 200-day moving average price of $769.92.

United Rentals (NYSE:URI) last issued 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 net margin of 16.78% and a return on equity of 34.21%. As a group, equities research analysts anticipate that United Rentals, Inc. will post 46.09 EPS for the current fiscal year.

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Wednesday, February 12th. This is an increase from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio is currently 16.83%.

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.