Louisbourg Investments Inc. Sells 50 Shares of United Rentals, Inc. (NYSE:URI)

Louisbourg Investments Inc. lowered its stake in shares of United Rentals, Inc. (NYSE:URI) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,784 shares of the construction company’s stock after selling 50 shares during the period. Louisbourg Investments Inc.’s holdings in United Rentals were worth $4,074,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in URI. Brookstone Capital Management acquired a new position in United Rentals during the third quarter worth approximately $208,000. Procyon Advisors LLC boosted its stake in shares of United Rentals by 2.9% during the 3rd quarter. Procyon Advisors LLC now owns 741 shares of the construction company’s stock worth $600,000 after acquiring an additional 21 shares during the period. Fiduciary Alliance LLC acquired a new position in shares of United Rentals during the 3rd quarter worth approximately $388,000. CX Institutional raised its stake in United Rentals by 3.2% in the 3rd quarter. CX Institutional now owns 515 shares of the construction company’s stock valued at $417,000 after acquiring an additional 16 shares during the period. Finally, Creative Planning lifted its holdings in United Rentals by 7.9% during the 3rd quarter. Creative Planning now owns 13,046 shares of the construction company’s stock valued at $10,563,000 after purchasing an additional 959 shares during the last quarter. 96.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Barclays raised their price objective on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Robert W. Baird raised United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target for the company in a research note on Tuesday, January 14th. Truist Financial restated a “buy” rating and set a $956.00 target price (down from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Bank of America raised their price target on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Morgan Stanley reduced their price objective on United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $814.08.

United Rentals Stock Up 0.8 %

Shares of United Rentals stock opened at $753.65 on Wednesday. The stock’s 50-day moving average is $748.32 and its 200 day moving average is $770.09. United Rentals, Inc. has a one year low of $596.48 and a one year high of $896.98. The firm has a market cap of $49.22 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 1.54 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 (NYSE:URI) last posted its quarterly earnings results 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 return on equity of 34.21% and a net margin of 16.78%. Equities research analysts anticipate that United Rentals, Inc. will post 44.93 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. Shareholders of record on Wednesday, February 12th will be paid a $1.79 dividend. This is an increase from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a yield of 0.95%. The ex-dividend date is Wednesday, February 12th. United Rentals’s payout ratio is 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.