Great Lakes Retirement Inc. Has $2.05 Million Holdings in United Rentals, Inc. (NYSE:URI)

Great Lakes Retirement Inc. cut its position in United Rentals, Inc. (NYSE:URI - Free Report) by 81.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,909 shares of the construction company's stock after selling 12,588 shares during the period. Great Lakes Retirement Inc.'s holdings in United Rentals were worth $2,049,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of URI. ORG Wealth Partners LLC acquired a new stake in United Rentals during the 4th quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in United Rentals during the 3rd quarter valued at about $31,000. Hanson & Doremus Investment Management purchased a new position in United Rentals during the 4th quarter valued at about $33,000. Carmichael Hill & Associates Inc. boosted its stake in shares of United Rentals by 80.0% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company's stock worth $36,000 after purchasing an additional 20 shares during the last quarter. Finally, HM Payson & Co. acquired a new stake in shares of United Rentals during the 3rd quarter worth about $41,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Stock Performance

Shares of URI traded up $11.73 during midday trading on Friday, hitting $741.10. 415,973 shares of the stock traded hands, compared to its average volume of 693,783. United Rentals, Inc. has a 1-year low of $596.48 and a 1-year high of $896.98. The firm has a market capitalization of $48.40 billion, a PE ratio of 19.13, a price-to-earnings-growth ratio of 1.54 and a beta of 1.68. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. The business's 50 day moving average price is $740.77 and its two-hundred day moving average price is $769.54.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing the consensus estimate 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 predict that United Rentals, Inc. will post 44.93 EPS for the current fiscal year.

United Rentals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be given a $1.79 dividend. The ex-dividend date is Wednesday, February 12th. This is a boost from United Rentals's previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a yield of 0.97%. United Rentals's payout ratio is 16.83%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on URI shares. Truist Financial reissued a "buy" rating and issued a $956.00 target price (down from $963.00) on shares of United Rentals in a research report on Friday, January 31st. Morgan Stanley dropped their price objective on shares of United Rentals from $775.00 to $765.00 and set an "equal weight" rating on the stock in a research note on Monday, February 3rd. Bank of America lifted their price objective 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. JPMorgan Chase & Co. lifted their price target on shares of United Rentals from $940.00 to $1,000.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Finally, Robert W. Baird upgraded shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price target for the company in a research note on Tuesday, January 14th. One 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's stock. Based on data from MarketBeat.com, United Rentals presently has a consensus rating of "Moderate Buy" and an average price target of $814.08.

United Rentals 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.