Brown Financial Advisors Increases Position in United Rentals, Inc. (NYSE:URI)

Brown Financial Advisors boosted its position in United Rentals, Inc. (NYSE:URI) by 4.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,829 shares of the construction company’s stock after acquiring an additional 72 shares during the period. Brown Financial Advisors’ holdings in United Rentals were worth $1,288,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of URI. ORG Wealth Partners LLC acquired a new stake in United Rentals in the 4th quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of United Rentals during the 3rd quarter worth about $31,000. Hanson & Doremus Investment Management acquired a new stake in shares of United Rentals in the fourth quarter worth approximately $33,000. Kestra Investment Management LLC purchased a new stake in United Rentals in the fourth quarter valued at approximately $34,000. Finally, Carmichael Hill & Associates Inc. increased its position in United Rentals by 80.0% during the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after purchasing an additional 20 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Trading Down 4.3 %

NYSE URI opened at $629.17 on Tuesday. The stock has a market cap of $41.09 billion, a P/E ratio of 16.24, a PEG ratio of 1.43 and a beta of 1.68. The company’s fifty day simple moving average is $728.61 and its 200-day simple moving average is $770.29. 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 52 week low of $596.48 and a 52 week high of $896.98.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) 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%. Equities research analysts predict that United Rentals, Inc. will post 44.8 EPS 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. Investors of record on Wednesday, February 12th will be paid a $1.79 dividend. This is a boost from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date is Wednesday, February 12th. This represents a $7.16 annualized dividend and a dividend yield of 1.14%. United Rentals’s payout ratio is 18.48%.

Analysts Set New Price Targets

URI has been the subject of several research reports. Argus boosted their price objective on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Citigroup lowered their price target on United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research 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 target price (down previously from $963.00) on shares of United Rentals in a report on Friday, January 31st. Finally, 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, United Rentals currently has a consensus rating of “Moderate Buy” and a consensus target price of $829.00.

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.