Kingsview Wealth Management LLC Grows Holdings in United Rentals, Inc. (NYSE:URI)

Kingsview Wealth Management LLC raised its position in United Rentals, Inc. (NYSE:URI) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,939 shares of the construction company’s stock after buying an additional 25 shares during the period. Kingsview Wealth Management LLC’s holdings in United Rentals were worth $2,071,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Brookstone Capital Management bought a new stake in shares of United Rentals in the third quarter worth $208,000. CWM LLC increased its position in shares of United Rentals by 1.1% in the 3rd quarter. CWM LLC now owns 4,519 shares of the construction company’s stock worth $3,659,000 after purchasing an additional 48 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of United Rentals by 21.4% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,455 shares of the construction company’s stock valued at $1,988,000 after purchasing an additional 433 shares in the last quarter. Paladin Wealth LLC bought a new position in shares of United Rentals during the third quarter worth about $785,000. Finally, Procyon Advisors LLC grew its stake in United Rentals by 2.9% in the third quarter. Procyon Advisors LLC now owns 741 shares of the construction company’s stock worth $600,000 after purchasing an additional 21 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of NYSE:URI opened at $747.16 on Tuesday. United Rentals, Inc. has a 12 month low of $596.48 and a 12 month high of $896.98. 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 price is $750.63 and its 200 day moving average price is $770.08. The stock has a market cap of $48.80 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 1.54 and a beta of 1.68.

United Rentals (NYSE:URI) last released its earnings results 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%. Equities research 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. Investors of record on Wednesday, February 12th will be paid a dividend of $1.79 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a yield of 0.96%. United Rentals’s dividend payout ratio is currently 16.83%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on URI. Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective on the stock in a research note on Tuesday, January 14th. 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 report on Friday, January 31st. Bank of America boosted their target price on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Barclays raised their price target on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, United Rentals presently has an average rating of “Moderate Buy” and a consensus price target of $814.08.

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.