Founders Financial Alliance LLC Sells 20 Shares of United Rentals, Inc. (NYSE:URI)

Founders Financial Alliance LLC reduced its holdings in shares of United Rentals, Inc. (NYSE:URI) by 6.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 284 shares of the construction company’s stock after selling 20 shares during the quarter. Founders Financial Alliance LLC’s holdings in United Rentals were worth $200,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rialto Wealth Management LLC bought a new stake in shares of United Rentals during the fourth quarter worth $25,000. ORG Wealth Partners LLC purchased a new position in United Rentals in the 4th quarter worth about $26,000. Hanson & Doremus Investment Management bought a new stake in United Rentals during the 4th quarter valued at about $33,000. Kestra Investment Management LLC purchased a new stake in United Rentals in the 4th quarter valued at about $34,000. Finally, OFI Invest Asset Management purchased a new stake in United Rentals in the 4th quarter valued at about $36,000. 96.26% of the stock is owned by institutional investors.

Insider Transactions at United Rentals

In related news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the completion of the sale, the chief financial officer now owns 6,880 shares of the company’s stock, valued at $4,390,128. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.53% of the company’s stock.

United Rentals Stock Performance

Shares of URI opened at $600.39 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The firm has a market cap of $39.21 billion, a PE ratio of 15.49, a P/E/G ratio of 1.43 and a beta of 1.76. United Rentals, Inc. has a 12 month low of $585.27 and a 12 month high of $896.98. The stock has a fifty day moving average price of $706.98 and a 200-day moving average price of $763.35.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share 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 predict that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.19%. This is a boost from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio (DPR) is currently 18.48%.

Analysts Set New Price Targets

Several research firms have recently weighed in on URI. Citigroup decreased their price target on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Argus lifted their target price on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Truist Financial reiterated a “buy” rating and issued a $956.00 target price (down from $963.00) on shares of United Rentals in a report on Friday, January 31st. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. upped their price objective on shares of United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, United Rentals presently has an average rating of “Moderate Buy” and a consensus price target of $829.00.

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.