United Rentals, Inc. (NYSE:URI) Stock Position Decreased by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. lowered its stake in United Rentals, Inc. (NYSE:URI) by 1.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,781 shares of the construction company’s stock after selling 435 shares during the period. United Rentals accounts for about 1.8% of Lee Danner & Bass Inc.’s holdings, making the stock its 8th largest holding. Lee Danner & Bass Inc.’s holdings in United Rentals were worth $23,092,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rialto Wealth Management LLC purchased a new stake in United Rentals during the 4th quarter valued at $25,000. ORG Wealth Partners LLC purchased a new stake in United Rentals during the 4th quarter valued at $26,000. Hanson & Doremus Investment Management purchased a new stake in United Rentals during the 4th quarter valued at $33,000. Kestra Investment Management LLC purchased a new stake in United Rentals during the 4th quarter valued at $34,000. Finally, OFI Invest Asset Management purchased a new stake in United Rentals during the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of United Rentals stock opened at $631.14 on Friday. United Rentals, Inc. has a one year low of $585.27 and a one year high of $896.98. The stock’s fifty day moving average is $697.25 and its 200 day moving average is $757.17. The stock has a market cap of $41.22 billion, a P/E ratio of 16.29, a P/E/G ratio of 1.43 and a beta of 1.76. 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 (NYSE:URI) last announced its 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 return on equity of 34.21% and a net margin of 16.78%. Sell-side analysts anticipate 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 was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were 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 1.13%. The ex-dividend date was Wednesday, February 12th. United Rentals’s dividend payout ratio (DPR) is currently 18.48%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on URI. Morgan Stanley cut 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. 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 note on Friday, January 31st. Truist Financial restated a “buy” rating and issued a $956.00 price target (down from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Citigroup dropped their price target 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. Finally, Evercore ISI dropped their price target on 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. One research 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. According to MarketBeat.com, United Rentals currently has a consensus rating of “Moderate Buy” and a consensus price target of $829.00.

Insider Buying and Selling

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the firm’s stock in a transaction dated 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 directly owns 6,880 shares of the company’s stock, valued at $4,390,128. This trade represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.53% of the stock is owned by insiders.

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.