Evermay Wealth Management LLC Sells 28 Shares of United Rentals, Inc. (NYSE:URI)

Evermay Wealth Management LLC lowered its stake in shares of United Rentals, Inc. (NYSE:URI) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 920 shares of the construction company’s stock after selling 28 shares during the quarter. Evermay Wealth Management LLC’s holdings in United Rentals were worth $648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC acquired a new position in shares of United Rentals during the fourth quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in United Rentals in the third quarter valued at about $31,000. Carmichael Hill & Associates Inc. raised its stake in United Rentals by 80.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after acquiring an additional 20 shares during the last quarter. Hanson & Doremus Investment Management acquired a new position in United Rentals in the 4th quarter worth approximately $33,000. Finally, HM Payson & Co. purchased a new position in shares of United Rentals during the third quarter worth $41,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Stock Performance

Shares of NYSE:URI opened at $756.78 on Friday. United Rentals, Inc. has a 1 year low of $596.48 and a 1 year high of $896.98. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. The business’s 50 day moving average price is $764.73 and its 200-day moving average price is $769.09. The firm has a market capitalization of $49.66 billion, a PE ratio of 19.53, a P/E/G ratio of 1.68 and a beta of 1.69.

United Rentals (NYSE:URI) last announced 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 34.51%. As a group, equities research analysts expect that United Rentals, Inc. will post 46.06 earnings per share for the current fiscal year.

United Rentals Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on URI shares. Barclays upped their price target on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a report on Friday, October 25th. Truist Financial reaffirmed a “buy” rating and set a $956.00 target price (down from $963.00) on shares of United Rentals in a report on Friday. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price for the company in a report on Tuesday, January 14th. Finally, Citigroup lowered their price target 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $818.55.

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.