WESPAC Advisors LLC Boosts Stake in United Rentals, Inc. (NYSE:URI)

WESPAC Advisors LLC increased its stake in United Rentals, Inc. (NYSE:URI) by 2.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,186 shares of the construction company’s stock after buying an additional 29 shares during the quarter. WESPAC Advisors LLC’s holdings in United Rentals were worth $835,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in URI. JPMorgan Chase & Co. grew its stake in shares of United Rentals by 15.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company’s stock worth $637,968,000 after buying an additional 105,287 shares during the last quarter. FMR LLC grew its stake in shares of United Rentals by 3.7% in the 3rd quarter. FMR LLC now owns 2,416,568 shares of the construction company’s stock worth $1,956,768,000 after buying an additional 85,325 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of United Rentals by 10.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 704,145 shares of the construction company’s stock worth $570,167,000 after buying an additional 66,957 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of United Rentals by 6.1% in the 3rd quarter. Franklin Resources Inc. now owns 996,014 shares of the construction company’s stock worth $862,110,000 after buying an additional 57,002 shares during the last quarter. Finally, Mizuho Securities USA LLC grew its stake in shares of United Rentals by 1,067.5% in the 3rd quarter. Mizuho Securities USA LLC now owns 59,879 shares of the construction company’s stock worth $48,486,000 after buying an additional 54,750 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. JPMorgan Chase & Co. upped 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. 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 note on Friday, January 31st. Robert W. Baird upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price on the stock in a research note on Tuesday, January 14th. Evercore ISI cut their target price on United Rentals from $1,004.00 to $974.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Citigroup cut their target price on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $829.00.

United Rentals Price Performance

NYSE URI opened at $656.42 on Friday. The business’s fifty day moving average price is $731.32 and its 200-day moving average price is $769.95. The stock has a market capitalization of $42.87 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 1.43 and a beta of 1.68. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. United Rentals, Inc. has a 1-year low of $596.48 and a 1-year high of $896.98.

United Rentals (NYSE:URI) last released its quarterly earnings results 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 net margin of 16.78% and a return on equity of 34.21%. On average, equities analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be issued a $1.79 dividend. This is a boost from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Wednesday, February 12th. United Rentals’s dividend payout ratio (DPR) is currently 18.48%.

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.