United Rentals, Inc. (NYSE:URI) Shares Sold by Focus Financial Network Inc.

Focus Financial Network Inc. trimmed its position in shares of United Rentals, Inc. (NYSE:URI) by 21.1% during the fourth quarter, Holdings Channel reports. The firm owned 666 shares of the construction company’s stock after selling 178 shares during the quarter. Focus Financial Network Inc.’s holdings in United Rentals were worth $469,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in United Rentals by 11.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,203 shares of the construction company’s stock worth $7,492,000 after purchasing an additional 964 shares in the last quarter. GHP Investment Advisors Inc. lifted its stake in United Rentals by 6.3% during the fourth quarter. GHP Investment Advisors Inc. now owns 14,855 shares of the construction company’s stock worth $10,464,000 after purchasing an additional 877 shares in the last quarter. Retireful LLC purchased a new stake in shares of United Rentals during the third quarter worth $697,000. Mizuho Securities USA LLC increased its position in shares of United Rentals by 1,067.5% during the third quarter. Mizuho Securities USA LLC now owns 59,879 shares of the construction company’s stock worth $48,486,000 after acquiring an additional 54,750 shares during the period. Finally, Fiduciary Alliance LLC increased its position in shares of United Rentals by 196.5% during the fourth quarter. Fiduciary Alliance LLC now owns 1,420 shares of the construction company’s stock worth $1,000,000 after acquiring an additional 941 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Performance

NYSE URI opened at $729.59 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. United Rentals, Inc. has a 1 year low of $596.48 and a 1 year high of $896.98. The company has a market capitalization of $47.65 billion, a PE ratio of 18.83, a P/E/G ratio of 1.54 and a beta of 1.68. The company has a fifty day moving average of $743.13 and a two-hundred day moving average of $769.56.

United Rentals (NYSE:URI) last released 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 34.21%. As a group, analysts expect that United Rentals, Inc. will post 44.93 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 paid a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Wednesday, February 12th. This is an increase from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio is currently 16.83%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on URI shares. JPMorgan Chase & Co. upped their price objective on United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Argus upped their price objective on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Morgan Stanley cut their price objective on United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. Barclays upped their price objective on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Finally, Truist Financial reissued a “buy” rating and issued a $956.00 target price (down previously from $963.00) on shares of United Rentals in a report on Friday, January 31st. One equities 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.