Hedeker Wealth LLC Has $6.94 Million Holdings in United Rentals, Inc. (NYSE:URI)

Hedeker Wealth LLC raised its holdings in United Rentals, Inc. (NYSE:URI) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,848 shares of the construction company’s stock after buying an additional 83 shares during the quarter. United Rentals accounts for 1.7% of Hedeker Wealth LLC’s investment portfolio, making the stock its 17th largest holding. Hedeker Wealth LLC’s holdings in United Rentals were worth $6,937,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its holdings in shares of United Rentals by 82,462.2% during the third quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company’s stock valued at $1,300,962,000 after acquiring an additional 1,604,715 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of United Rentals by 15.4% during the third quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company’s stock valued at $637,968,000 after acquiring an additional 105,287 shares in the last quarter. FMR LLC increased its holdings in shares of United Rentals by 3.7% during the third quarter. FMR LLC now owns 2,416,568 shares of the construction company’s stock valued at $1,956,768,000 after acquiring an additional 85,325 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of United Rentals by 10.5% during the third quarter. The Manufacturers Life Insurance Company now owns 704,145 shares of the construction company’s stock valued at $570,167,000 after acquiring an additional 66,957 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of United Rentals by 6.1% during the third quarter. Franklin Resources Inc. now owns 996,014 shares of the construction company’s stock valued at $862,110,000 after acquiring an additional 57,002 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Stock Up 1.6 %

URI stock opened at $750.22 on Friday. The stock’s fifty day simple moving average is $755.32 and its two-hundred day simple moving average is $769.55. 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 1-year low of $596.48 and a 1-year high of $896.98. The stock has a market cap 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.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share 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%. Analysts expect that United Rentals, Inc. will post 46.09 EPS for the current year.

United Rentals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders 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 dividend yield of 0.95%. The ex-dividend date of this dividend is Wednesday, February 12th. This is a boost from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio is currently 16.83%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Bank of America boosted their price objective on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Citigroup decreased their price objective on United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Truist Financial reiterated a “buy” rating and set a $956.00 price target (down previously from $963.00) on shares of United Rentals in a report on Friday, January 31st. Finally, Robert W. Baird upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target for the company in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, United Rentals presently has a consensus rating of “Moderate Buy” and a consensus price target of $814.08.

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.