United Rentals, Inc. (NYSE:URI) is Glassy Mountain Advisors Inc.’s 5th Largest Position

Glassy Mountain Advisors Inc. trimmed its holdings in shares of United Rentals, Inc. (NYSE:URI) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,797 shares of the construction company’s stock after selling 71 shares during the quarter. United Rentals comprises about 4.5% of Glassy Mountain Advisors Inc.’s holdings, making the stock its 5th largest position. Glassy Mountain Advisors Inc.’s holdings in United Rentals were worth $13,242,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in URI. Czech National Bank grew its position in United Rentals by 6.9% during the third quarter. Czech National Bank now owns 13,565 shares of the construction company’s stock worth $10,984,000 after buying an additional 875 shares in the last quarter. Mather Group LLC. lifted its stake in United Rentals by 1.6% during the third quarter. Mather Group LLC. now owns 1,021 shares of the construction company’s stock worth $827,000 after purchasing an additional 16 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its stake in United Rentals by 23.7% during the third quarter. Dynamic Advisor Solutions LLC now owns 825 shares of the construction company’s stock worth $668,000 after purchasing an additional 158 shares during the last quarter. Atomi Financial Group Inc. lifted its stake in United Rentals by 28.0% during the third quarter. Atomi Financial Group Inc. now owns 562 shares of the construction company’s stock worth $455,000 after purchasing an additional 123 shares during the last quarter. Finally, Brookstone Capital Management bought a new stake in United Rentals during the third quarter worth about $208,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Stock Up 1.6 %

URI stock opened at $750.22 on Friday. United Rentals, Inc. has a fifty-two week low of $596.48 and a fifty-two week high of $896.98. The business’s 50 day moving average price is $755.32 and its two-hundred day moving average price is $769.55. 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 $49.00 billion, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 1.52 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 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%. As a group, analysts forecast that United Rentals, Inc. will post 46.09 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The business 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. The ex-dividend date is Wednesday, February 12th. This represents a $7.16 annualized dividend and a dividend yield of 0.95%. This is an increase from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio is presently 16.83%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on URI. Morgan Stanley dropped their price target on United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research note on Monday. Truist Financial reaffirmed a “buy” rating and set a $956.00 price target (down previously from $963.00) on shares of United Rentals in a research note on Friday, January 31st. JPMorgan Chase & Co. lifted their price target on United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Robert W. Baird raised United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target for the company in a research note on Tuesday, January 14th. Finally, Bank of America lifted their price target on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $814.08.

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.