Kestra Private Wealth Services LLC Raises Stock Position in United Rentals, Inc. (NYSE:URI)

Kestra Private Wealth Services LLC boosted its position in shares of United Rentals, Inc. (NYSE:URI) by 14.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,607 shares of the construction company’s stock after acquiring an additional 200 shares during the period. Kestra Private Wealth Services LLC’s holdings in United Rentals were worth $1,132,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of URI. CX Institutional grew 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 acquiring an additional 16 shares in the last quarter. Creative Planning grew its stake in United Rentals by 7.9% during the third quarter. Creative Planning now owns 13,046 shares of the construction company’s stock valued at $10,563,000 after acquiring an additional 959 shares in the last quarter. Vontobel Holding Ltd. grew its stake in United Rentals by 65.7% during the third quarter. Vontobel Holding Ltd. now owns 4,919 shares of the construction company’s stock valued at $3,983,000 after acquiring an additional 1,950 shares in the last quarter. Wolff Wiese Magana LLC grew its stake in United Rentals by 2.8% during the third quarter. Wolff Wiese Magana LLC now owns 934 shares of the construction company’s stock valued at $756,000 after acquiring an additional 25 shares in the last quarter. Finally, Cumberland Advisors Inc. grew its stake in United Rentals by 6.7% during the third quarter. Cumberland Advisors Inc. now owns 8,395 shares of the construction company’s stock valued at $6,798,000 after acquiring an additional 525 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Trading Down 0.7 %

Shares of URI opened at $729.59 on Friday. The firm has a market cap of $47.65 billion, a price-to-earnings ratio of 18.83, a PEG 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. United Rentals, Inc. has a fifty-two week low of $596.48 and a fifty-two week high of $896.98. The firm has a 50 day moving average price of $743.13 and a 200-day moving average price of $769.56.

United Rentals (NYSE:URI) last announced its quarterly earnings data 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, equities research analysts forecast that United Rentals, Inc. will post 44.93 earnings per share for the current year.

United Rentals Increases Dividend

The company also recently announced 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 represents a $7.16 annualized dividend and a dividend yield of 0.98%. This is an increase from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Wednesday, February 12th. United Rentals’s payout ratio is presently 16.83%.

Analyst Upgrades and Downgrades

URI has been the subject of several research analyst reports. Bank of America lifted their target price on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Barclays lifted their target price on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. lifted their target price on shares of United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Truist Financial reiterated a “buy” rating and set a $956.00 target price (down from $963.00) on shares of United Rentals in a research report on Friday, January 31st. Finally, Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. 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 company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $814.08.

About United Rentals

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.