Kestra Private Wealth Services LLC Buys 200 Shares of United Rentals, Inc. (NYSE:URI)

Kestra Private Wealth Services LLC increased its stake in shares of United Rentals, Inc. (NYSE:URI) by 14.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,607 shares of the construction company’s stock after acquiring an additional 200 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in United Rentals were worth $1,132,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. ORG Wealth Partners LLC bought a new position in shares of United Rentals in the fourth quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of United Rentals in the third quarter valued at $31,000. Hanson & Doremus Investment Management bought a new position in shares of United Rentals in the fourth quarter valued at $33,000. Carmichael Hill & Associates Inc. lifted its stake in shares of United Rentals by 80.0% in the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock valued at $36,000 after buying an additional 20 shares in the last quarter. Finally, HM Payson & Co. bought a new position in shares of United Rentals in the third quarter valued at $41,000. 96.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

URI has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on shares of United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Citigroup dropped their price target on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Truist Financial reissued a “buy” rating and set a $956.00 price target (down from $963.00) on shares of United Rentals in a research report 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 report on Thursday, October 24th. Finally, Barclays raised their price target 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 investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $814.08.

United Rentals Stock Performance

NYSE URI opened at $729.59 on Friday. United Rentals, Inc. has a 52-week low of $596.48 and a 52-week high of $896.98. The company has a 50-day simple moving average of $743.13 and a 200 day simple moving average of $769.56. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. The company has a market capitalization of $47.65 billion, a PE ratio of 18.83, a price-to-earnings-growth ratio of 1.54 and a beta of 1.68.

United Rentals (NYSE:URI) last posted its earnings results 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%. On average, research analysts predict that United Rentals, Inc. will post 44.93 EPS for the current year.

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders 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. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $7.16 annualized dividend and a dividend yield of 0.98%. United Rentals’s dividend payout ratio (DPR) is presently 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.