Stratos Wealth Advisors LLC Acquires 82 Shares of United Rentals, Inc. (NYSE:URI)

Stratos Wealth Advisors LLC grew its holdings in shares of United Rentals, Inc. (NYSE:URI) by 14.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 642 shares of the construction company’s stock after buying an additional 82 shares during the period. Stratos Wealth Advisors LLC’s holdings in United Rentals were worth $453,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Guidance Capital Inc. bought a new position in shares of United Rentals in the fourth quarter valued at approximately $776,000. CarsonAllaria Wealth Management Ltd. bought a new position in shares of United Rentals in the fourth quarter valued at approximately $42,000. E. Ohman J or Asset Management AB boosted its position in shares of United Rentals by 7.3% in the fourth quarter. E. Ohman J or Asset Management AB now owns 2,950 shares of the construction company’s stock valued at $2,078,000 after acquiring an additional 200 shares during the period. F&V Capital Management LLC boosted its position in shares of United Rentals by 1.6% in the fourth quarter. F&V Capital Management LLC now owns 30,188 shares of the construction company’s stock valued at $21,266,000 after acquiring an additional 470 shares during the period. Finally, KPP Advisory Services LLC bought a new position in shares of United Rentals in the fourth quarter valued at approximately $333,000. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Down 1.2 %

Shares of NYSE URI opened at $740.69 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a 52 week low of $596.48 and a 52 week high of $896.98. The firm’s fifty day moving average is $752.83 and its 200 day moving average is $769.57. The company has a market cap of $48.37 billion, a price-to-earnings ratio of 19.11, a PEG ratio of 1.52 and a beta of 1.68.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing the consensus estimate 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, equities research analysts expect that United Rentals, Inc. will post 46.09 earnings per share for the current year.

United Rentals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be given a dividend of $1.79 per share. This is an increase from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Wednesday, February 12th. United Rentals’s payout ratio is presently 18.48%.

Wall Street Analyst Weigh In

URI has been the subject of a number of analyst reports. Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. 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 report on Friday, January 31st. Morgan Stanley dropped their target price on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price for the company in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. lifted 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 note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, United Rentals presently has an average rating of “Moderate Buy” and an average target price of $814.08.

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.