Empowered Funds LLC Grows Stock Holdings in United Rentals, Inc. (NYSE:URI)

Empowered Funds LLC grew its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 20.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 6,137 shares of the construction company's stock after buying an additional 1,045 shares during the quarter. Empowered Funds LLC's holdings in United Rentals were worth $4,323,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. increased its position in shares of 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 valued at $7,492,000 after acquiring an additional 964 shares in the last quarter. GHP Investment Advisors Inc. boosted its position in United Rentals by 6.3% in 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 during the last quarter. Retireful LLC bought a new stake in United Rentals during the third quarter valued at approximately $697,000. Mizuho Securities USA LLC grew its position in shares of United Rentals by 1,067.5% during the 3rd quarter. Mizuho Securities USA LLC now owns 59,879 shares of the construction company's stock valued at $48,486,000 after acquiring an additional 54,750 shares during the period. Finally, Fiduciary Alliance LLC increased its position in United Rentals by 196.5% in the fourth quarter. Fiduciary Alliance LLC now owns 1,420 shares of the construction company's stock worth $1,000,000 after buying an additional 941 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors.

United Rentals Stock Performance

URI traded up $11.73 on Friday, reaching $741.10. 415,973 shares of the stock were exchanged, compared to its average volume of 693,783. United Rentals, Inc. has a fifty-two week low of $596.48 and a fifty-two week high of $896.98. The firm has a market capitalization of $48.40 billion, a PE ratio of 19.13, a PEG 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 company's 50-day moving average price is $740.77 and its 200 day moving average price is $769.76.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings data 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 return on equity of 34.21% and a net margin of 16.78%. As a group, sell-side analysts forecast that United Rentals, Inc. will post 44.93 EPS for the current fiscal year.

United Rentals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be issued a $1.79 dividend. The ex-dividend date is Wednesday, February 12th. 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%. United Rentals's payout ratio is presently 16.83%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Barclays boosted their target price on shares of United Rentals from $400.00 to $565.00 and gave the stock an "underweight" rating in a report on Friday, October 25th. JPMorgan Chase & Co. increased their price target on United Rentals from $940.00 to $1,000.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Citigroup cut their target price on United Rentals from $985.00 to $835.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Truist Financial reaffirmed a "buy" rating and issued a $956.00 price target (down previously from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Finally, Baird R W raised United Rentals from a "strong sell" rating to a "hold" rating in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently 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.