United Rentals, Inc. (NYSE:URI) Shares Sold by Americana Partners LLC

Americana Partners LLC lessened its holdings in United Rentals, Inc. (NYSE:URI) by 6.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 656 shares of the construction company’s stock after selling 47 shares during the period. Americana Partners LLC’s holdings in United Rentals were worth $462,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of URI. Creative Planning increased its holdings in United Rentals by 7.9% during the 3rd quarter. Creative Planning now owns 13,046 shares of the construction company’s stock worth $10,563,000 after purchasing an additional 959 shares during the period. Stratos Wealth Advisors LLC increased its holdings in United Rentals by 18.4% in the third quarter. Stratos Wealth Advisors LLC now owns 560 shares of the construction company’s stock valued at $454,000 after buying an additional 87 shares in the last quarter. Blue Trust Inc. boosted its position in shares of United Rentals by 168.8% in the 3rd quarter. Blue Trust Inc. now owns 906 shares of the construction company’s stock worth $734,000 after buying an additional 569 shares in the last quarter. Raleigh Capital Management Inc. boosted its position in shares of United Rentals by 61.2% in the 3rd quarter. Raleigh Capital Management Inc. now owns 79 shares of the construction company’s stock worth $64,000 after buying an additional 30 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in United Rentals by 11.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,346 shares of the construction company’s stock valued at $1,090,000 after purchasing an additional 140 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analysts Set New Price Targets

URI has been the subject of a number of research analyst reports. Morgan Stanley dropped their price objective on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Truist Financial restated a “buy” rating and set a $956.00 price objective (down from $963.00) on shares of United Rentals in a research note on Friday, January 31st. 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. lifted their target price on United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, Argus increased their price target on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $814.08.

United Rentals Trading Down 2.7 %

NYSE URI opened at $721.61 on Wednesday. The firm has a market cap of $47.13 billion, a P/E ratio of 18.62, a P/E/G ratio of 1.54 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 stock’s 50-day moving average is $737.38 and its 200-day moving average is $770.38. United Rentals, Inc. has a one year low of $596.48 and a one year high of $896.98.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share (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 44.93 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be paid 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 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Wednesday, February 12th. United Rentals’s payout ratio is currently 16.83%.

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.