LVZ Inc. Increases Stock Position in United Rentals, Inc. (NYSE:URI)

LVZ Inc. lifted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 18.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 439 shares of the construction company’s stock after buying an additional 68 shares during the period. LVZ Inc.’s holdings in United Rentals were worth $309,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of URI. ORG Wealth Partners LLC purchased a new position in shares of United Rentals in the 4th quarter valued at about $26,000. Hanson & Doremus Investment Management purchased a new position in United Rentals in the fourth quarter valued at about $33,000. Kestra Investment Management LLC acquired a new stake in shares of United Rentals during the 4th quarter valued at approximately $34,000. CarsonAllaria Wealth Management Ltd. acquired a new stake in shares of United Rentals in the 4th quarter worth approximately $42,000. Finally, J.Safra Asset Management Corp purchased a new position in United Rentals in the 4th quarter valued at approximately $55,000. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Stock Performance

NYSE:URI opened at $598.19 on Wednesday. United Rentals, Inc. has a 1-year low of $585.27 and a 1-year high of $896.98. The stock has a market cap of $39.07 billion, a P/E ratio of 15.44, 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. The firm has a 50-day moving average of $716.80 and a two-hundred day moving average of $767.11.

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 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%. On average, research analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Wednesday, February 12th. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio is 18.48%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on URI shares. Truist Financial restated 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. Argus upped their price target on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Evercore ISI dropped their price objective on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Morgan Stanley reduced their target price on United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. raised their price target on United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. One equities 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $829.00.

Insider Transactions at United Rentals

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 6,880 shares of the company’s stock, valued at $4,390,128. This trade represents a 13.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.53% 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.