Calton & Associates Inc. Purchases Shares of 407 United Rentals, Inc. (NYSE:URI)

Calton & Associates Inc. acquired a new position in United Rentals, Inc. (NYSE:URI) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 407 shares of the construction company’s stock, valued at approximately $287,000.

Other institutional investors have also recently made changes to their positions in the company. ORG Wealth Partners LLC purchased a new stake in United Rentals during the 4th quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in United Rentals during the third quarter valued at $31,000. Carmichael Hill & Associates Inc. increased its holdings in United Rentals by 80.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock valued at $36,000 after acquiring an additional 20 shares during the last quarter. Hanson & Doremus Investment Management purchased a new stake in United Rentals in the 4th quarter worth $33,000. Finally, HM Payson & Co. bought a new position in shares of United Rentals during the 3rd quarter valued at about $41,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Stock Down 2.2 %

Shares of United Rentals stock opened at $756.78 on Friday. United Rentals, Inc. has a 1 year low of $596.48 and a 1 year high of $896.98. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. The stock has a market cap of $49.66 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 1.68 and a beta of 1.69. The firm’s 50-day moving average is $764.73 and its two-hundred day moving average is $769.09.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) 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 34.51%. As a group, research analysts expect that United Rentals, Inc. will post 46.06 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be paid a dividend of $1.79 per share. 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 dividend yield of 0.95%. The ex-dividend date is Wednesday, February 12th. United Rentals’s dividend payout ratio is 16.83%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Barclays raised their price target on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a report on Friday, October 25th. JPMorgan Chase & Co. boosted their price target on shares of United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a research report on Friday. 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. Citigroup reduced their target price on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $956.00 price target (down previously from $963.00) on shares of United Rentals in a report on Friday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $818.55.

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.