Pittenger & Anderson Inc. Invests $626,000 in United Rentals, Inc. (NYSE:URI)

Pittenger & Anderson Inc. bought a new position in United Rentals, Inc. (NYSE:URI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 889 shares of the construction company’s stock, valued at approximately $626,000.

A number of other large investors have also bought and sold shares of the business. ORG Wealth Partners LLC acquired a new position in United Rentals in the fourth quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in United Rentals during the 3rd quarter worth about $31,000. Hanson & Doremus Investment Management bought a new stake in United Rentals during the 4th quarter worth about $33,000. Carmichael Hill & Associates Inc. grew its holdings in United Rentals by 80.0% during 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. Finally, HM Payson & Co. acquired a new stake in United Rentals in the 3rd quarter valued at about $41,000. 96.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on URI. JPMorgan Chase & Co. raised their price target on shares of United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Robert W. Baird raised United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target on the stock in a research note on Tuesday, January 14th. Argus lifted their price objective on 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 upped their target price 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 issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $814.08.

United Rentals Price Performance

NYSE URI opened at $741.10 on Tuesday. 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 stock has a market cap of $48.40 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 1.54 and a beta of 1.68. The business has a 50 day simple moving average of $738.87 and a 200 day simple moving average of $770.03. United Rentals, Inc. has a 52-week low of $596.48 and a 52-week high of $896.98.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 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%. Analysts anticipate that United Rentals, Inc. will post 44.93 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The company also recently disclosed 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 is a boost from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Wednesday, February 12th. United Rentals’s dividend payout ratio is currently 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.