BSW Wealth Partners Acquires 19 Shares of United Rentals, Inc. (NYSE:URI)

BSW Wealth Partners increased its stake in United Rentals, Inc. (NYSE:URI) by 3.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 562 shares of the construction company’s stock after acquiring an additional 19 shares during the quarter. BSW Wealth Partners’ holdings in United Rentals were worth $396,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. ORG Wealth Partners LLC acquired a new position in shares of United Rentals during the fourth quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in United Rentals during the 3rd quarter worth approximately $31,000. Carmichael Hill & Associates Inc. boosted its holdings in 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 acquiring an additional 20 shares in the last quarter. HM Payson & Co. acquired a new stake in United Rentals in the third quarter valued at approximately $41,000. Finally, Trust Co. of Vermont increased its holdings in shares of United Rentals by 6,000.0% during 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 in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Truist Financial reduced their price target on shares of United Rentals from $965.00 to $963.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective for the company in a report on Tuesday, January 14th. Citigroup lowered their target price on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Bank of America lifted their price target on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Barclays increased their price objective on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, United Rentals has an average rating of “Moderate Buy” and an average price target of $813.73.

United Rentals Stock Performance

Shares of United Rentals stock opened at $758.30 on Thursday. The firm has a market capitalization of $49.76 billion, a P/E ratio of 19.80, a price-to-earnings-growth ratio of 1.73 and a beta of 1.69. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. The business’s fifty day simple moving average is $767.89 and its 200 day simple moving average is $768.71. United Rentals, Inc. has a 12 month low of $596.48 and a 12 month high of $896.98.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing analysts’ consensus estimates of $11.65 by ($0.06). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. As a group, analysts anticipate that United Rentals, Inc. will post 43.43 EPS for the current year.

United Rentals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders 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 dividend yield of 0.94%. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio (DPR) is presently 17.03%.

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.