ORG Wealth Partners LLC Acquires Shares of 37 United Rentals, Inc. (NYSE:URI)

ORG Wealth Partners LLC acquired a new position in United Rentals, Inc. (NYSE:URI) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 37 shares of the construction company’s stock, valued at approximately $26,000.

Other institutional investors have also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. acquired a new stake in United Rentals during the 3rd quarter worth about $31,000. Carmichael Hill & Associates Inc. boosted 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 worth $36,000 after buying an additional 20 shares during the last quarter. HM Payson & Co. acquired a new stake in United Rentals during the third quarter worth about $41,000. Trust Co. of Vermont raised its position in United Rentals by 6,000.0% during the third quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock valued at $49,000 after acquiring an additional 60 shares in the last quarter. Finally, Eastern Bank acquired a new position in United Rentals in the third quarter valued at approximately $56,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Stock Up 0.2 %

Shares of URI opened at $671.35 on Friday. The stock has a 50 day moving average price of $791.48 and a 200 day moving average price of $757.07. United Rentals, Inc. has a one year low of $536.83 and a one year high of $896.98. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82. The stock has a market capitalization of $44.06 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 1.83 and a beta of 1.69.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). The business had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. United Rentals’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned $11.73 EPS. Equities research analysts forecast that United Rentals, Inc. will post 43.46 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend was Wednesday, November 13th. United Rentals’s dividend payout ratio is currently 17.03%.

Analysts Set New Price Targets

URI has been the subject of several recent research reports. Truist Financial lifted their target price on shares of United Rentals from $955.00 to $965.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Citigroup upped their price objective on shares of United Rentals from $955.00 to $985.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. increased their target price on shares of United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Robert W. Baird lifted their price target on United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a research note on Thursday, October 3rd. Finally, Argus increased their price target on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $817.08.

Insider Activity

In related news, SVP Anthony S. Leopold sold 900 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $823.24, for a total value of $740,916.00. Following the completion of the sale, the senior vice president now owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. This represents a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.53% of the company’s stock.

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.