F M Investments LLC Acquires 680 Shares of United Rentals, Inc. (NYSE:URI)

F M Investments LLC lifted its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 7.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,994 shares of the construction company's stock after purchasing an additional 680 shares during the quarter. F M Investments LLC's holdings in United Rentals were worth $7,040,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of URI. Adell Harriman & Carpenter Inc. raised its holdings in United Rentals by 1.8% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company's stock worth $573,000 after buying an additional 14 shares during the period. Valmark Advisers Inc. lifted its position in United Rentals by 1.8% in the 4th quarter. Valmark Advisers Inc. now owns 788 shares of the construction company's stock valued at $555,000 after acquiring an additional 14 shares in the last quarter. Erste Asset Management GmbH boosted its stake in United Rentals by 0.5% in the 4th quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company's stock worth $2,002,000 after purchasing an additional 14 shares during the period. Klingman & Associates LLC increased its holdings in United Rentals by 2.3% during the 4th quarter. Klingman & Associates LLC now owns 669 shares of the construction company's stock worth $471,000 after purchasing an additional 15 shares in the last quarter. Finally, Moody National Bank Trust Division raised its stake in shares of United Rentals by 4.5% in the 4th quarter. Moody National Bank Trust Division now owns 368 shares of the construction company's stock valued at $259,000 after purchasing an additional 16 shares during the period. Institutional investors and hedge funds own 96.26% of the company's stock.

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Analysts Set New Price Targets

A number of research firms recently issued reports on URI. Truist Financial decreased their price objective on United Rentals from $956.00 to $732.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Citigroup decreased their price target on shares of United Rentals from $720.00 to $650.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Baird R W raised shares of United Rentals from a "strong sell" rating to a "hold" rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. decreased their target price on shares of United Rentals from $1,000.00 to $750.00 and set an "overweight" rating for the company in a research report on Monday. Finally, Robert W. Baird raised shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price target on the stock in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, United Rentals currently has a consensus rating of "Hold" and an average target price of $734.29.

Insider Activity at United Rentals

In other news, CFO William E. Grace sold 1,100 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the transaction, the chief financial officer now owns 6,880 shares of the company's stock, valued at approximately $4,390,128. This represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.53% of the stock is owned by company insiders.

United Rentals Stock Performance

NYSE URI traded up $2.54 during trading on Tuesday, reaching $599.37. 210,515 shares of the company's stock were exchanged, compared to its average volume of 589,368. 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 business has a 50 day moving average price of $641.47 and a 200-day moving average price of $738.65. The stock has a market capitalization of $39.16 billion, a P/E ratio of 15.47, a PEG ratio of 1.43 and a beta of 1.72. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last posted 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%. Sell-side analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a dividend of $1.79 per share. This is an increase from United Rentals's previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $7.16 annualized dividend and a dividend yield of 1.19%. United Rentals's payout ratio is presently 18.48%.

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.