D.A. Davidson & CO. cut its position in United Rentals, Inc. (NYSE:URI - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,521 shares of the construction company's stock after selling 539 shares during the period. D.A. Davidson & CO.'s holdings in United Rentals were worth $4,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of URI. ORG Wealth Partners LLC bought a new position in shares of United Rentals during the 4th quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in United Rentals during the third quarter valued at approximately $31,000. Hanson & Doremus Investment Management bought a new position in United Rentals during the fourth quarter valued at approximately $33,000. Carmichael Hill & Associates Inc. grew its holdings in United Rentals by 80.0% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company's stock valued at $36,000 after buying an additional 20 shares in the last quarter. Finally, HM Payson & Co. bought a new stake in United Rentals in the 3rd quarter worth approximately $41,000. 96.26% of the stock is currently owned by institutional investors.
United Rentals Trading Down 6.1 %
Shares of URI stock traded down $42.51 during trading on Friday, hitting $652.26. 563,426 shares of the stock traded hands, compared to its average volume of 651,694. United Rentals, Inc. has a 52-week low of $596.48 and a 52-week high of $896.98. The firm has a market capitalization of $42.60 billion, a P/E ratio of 16.84, a price-to-earnings-growth ratio of 1.46 and a beta of 1.68. The firm's fifty day moving average price is $733.77 and its 200-day moving average price is $769.42. 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 (NYSE:URI - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing analysts' consensus estimates 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, research analysts forecast that United Rentals, Inc. will post 44.93 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. Stockholders of record on Wednesday, February 12th will be paid a $1.79 dividend. This is a boost from United Rentals's previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Wednesday, February 12th. United Rentals's dividend payout ratio (DPR) is presently 18.48%.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the company. Evercore ISI dropped their price target on United Rentals from $1,004.00 to $974.00 and set an "outperform" rating for the company in a research report on Wednesday. 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. Baird R W upgraded United Rentals from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 14th. 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. Finally, Argus increased their target price on shares of United Rentals from $840.00 to $880.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $829.00.
Read Our Latest Stock Report on URI
About United Rentals
(
Free Report)
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.
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