Choreo LLC Decreases Holdings in United Rentals, Inc. (NYSE:URI)

Choreo LLC lessened its stake in shares of United Rentals, Inc. (NYSE:URI) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,553 shares of the construction company’s stock after selling 171 shares during the period. Choreo LLC’s holdings in United Rentals were worth $2,507,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. increased its holdings in United Rentals by 29.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,945 shares of the construction company’s stock worth $8,489,000 after buying an additional 2,742 shares during the last quarter. Jackson Wealth Management LLC boosted its position in United Rentals by 0.4% during the fourth quarter. Jackson Wealth Management LLC now owns 8,630 shares of the construction company’s stock worth $6,079,000 after purchasing an additional 32 shares during the period. Stratos Wealth Advisors LLC boosted its position in United Rentals by 14.6% during the fourth quarter. Stratos Wealth Advisors LLC now owns 642 shares of the construction company’s stock worth $453,000 after purchasing an additional 82 shares during the period. Guidance Capital Inc. bought a new position in United Rentals during the fourth quarter worth about $776,000. Finally, CarsonAllaria Wealth Management Ltd. bought a new position in United Rentals during the fourth quarter worth about $42,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on URI. Morgan Stanley cut 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 research report on Monday. Truist Financial reiterated a “buy” rating and set a $956.00 target price (down previously from $963.00) on shares of United Rentals in a research report on Friday, January 31st. Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Argus increased their target price on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Barclays raised their price objective on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $814.08.

United Rentals Trading Up 1.6 %

Shares of URI opened at $750.22 on Friday. The firm’s 50 day simple moving average is $755.32 and its 200 day simple moving average is $769.55. The company has a market capitalization of $49.00 billion, a P/E ratio of 19.36, a P/E/G ratio of 1.52 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, Inc. has a 1-year low of $596.48 and a 1-year high of $896.98.

United Rentals (NYSE:URI) last announced its 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 net margin of 16.78% and a return on equity of 34.21%. Sell-side analysts forecast that United Rentals, Inc. will post 46.09 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The firm also recently declared 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. The ex-dividend date is Wednesday, February 12th. This is an increase from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a dividend yield of 0.95%. United Rentals’s dividend payout ratio (DPR) is 16.83%.

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.