Nwam LLC Has $2.92 Million Holdings in United Rentals, Inc. (NYSE:URI)

Nwam LLC decreased its stake in United Rentals, Inc. (NYSE:URI) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,141 shares of the construction company’s stock after selling 82 shares during the quarter. Nwam LLC’s holdings in United Rentals were worth $2,917,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. National Pension Service boosted its stake in shares of United Rentals by 79.8% in the 4th quarter. National Pension Service now owns 167,813 shares of the construction company’s stock valued at $118,214,000 after purchasing an additional 74,479 shares in the last quarter. Cutter & CO Brokerage Inc. increased its holdings in shares of United Rentals by 6.7% during the fourth quarter. Cutter & CO Brokerage Inc. now owns 320 shares of the construction company’s stock worth $225,000 after buying an additional 20 shares in the last quarter. Brown Financial Advisors boosted its holdings in shares of United Rentals by 4.1% in the 4th quarter. Brown Financial Advisors now owns 1,829 shares of the construction company’s stock worth $1,288,000 after acquiring an additional 72 shares in the last quarter. Pine Valley Investments Ltd Liability Co boosted its holdings in shares of United Rentals by 23.8% in the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 5,780 shares of the construction company’s stock worth $4,072,000 after acquiring an additional 1,110 shares in the last quarter. Finally, IFP Advisors Inc grew its position in United Rentals by 9.1% during the 4th quarter. IFP Advisors Inc now owns 3,442 shares of the construction company’s stock worth $2,426,000 after acquiring an additional 288 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Truist Financial reissued a “buy” rating and issued a $956.00 price objective (down previously from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Argus raised their price objective on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Evercore ISI decreased their price target on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. Finally, Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective for the company in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $829.00.

United Rentals Trading Up 0.6 %

NYSE URI opened at $642.29 on Thursday. United Rentals, Inc. has a 12 month low of $596.48 and a 12 month high of $896.98. The stock has a 50-day simple moving average of $724.58 and a 200 day simple moving average of $769.00. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $41.95 billion, a PE ratio of 16.58, a P/E/G ratio of 1.43 and a beta of 1.68.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing analysts’ consensus estimates of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. Research analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.11%. This is a boost from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Wednesday, February 12th. United Rentals’s dividend payout ratio (DPR) is currently 18.48%.

Insider Transactions at United Rentals

In related news, CFO William E. Grace sold 1,100 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the sale, the chief financial officer now owns 6,880 shares of the company’s stock, valued at approximately $4,390,128. This trade represents a 13.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.49% of the company’s stock.

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.