Empowered Funds LLC Grows Holdings in United Rentals, Inc. (NYSE:URI)

Empowered Funds LLC boosted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 20.5% in the fourth quarter, HoldingsChannel reports. The fund owned 6,137 shares of the construction company’s stock after acquiring an additional 1,045 shares during the period. Empowered Funds LLC’s holdings in United Rentals were worth $4,323,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Brookstone Capital Management purchased a new position in shares of United Rentals during the third quarter valued at approximately $208,000. Procyon Advisors LLC increased its position in United Rentals by 2.9% during the 3rd quarter. Procyon Advisors LLC now owns 741 shares of the construction company’s stock valued at $600,000 after buying an additional 21 shares in the last quarter. Fiduciary Alliance LLC bought a new position in United Rentals during the 3rd quarter valued at approximately $388,000. CX Institutional raised its stake in United Rentals by 3.2% during the third quarter. CX Institutional now owns 515 shares of the construction company’s stock valued at $417,000 after buying an additional 16 shares during the last quarter. Finally, Creative Planning boosted its holdings in United Rentals by 7.9% in the third quarter. Creative Planning now owns 13,046 shares of the construction company’s stock worth $10,563,000 after acquiring an additional 959 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Up 0.8 %

United Rentals stock opened at $753.65 on Wednesday. The stock has a market cap of $49.22 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of 1.54 and a beta of 1.68. 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 fifty day moving average of $748.32 and a 200 day moving average of $770.09. United Rentals, Inc. has a one year low of $596.48 and a one year high of $896.98.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share 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%. As a group, sell-side analysts predict that United Rentals, Inc. will post 44.93 EPS for the current year.

United Rentals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Wednesday, February 12th. 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%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Truist Financial reaffirmed a “buy” rating and issued a $956.00 price target (down previously from $963.00) on shares of United Rentals in a research report on Friday, January 31st. Bank of America lifted their target price on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target on the stock in a report on Tuesday, January 14th. Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Barclays increased their target price on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. One 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $814.08.

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.