Mission Wealth Management LP Trims Stock Position in United Rentals, Inc. (NYSE:URI)

Mission Wealth Management LP lessened its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 3.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,084 shares of the construction company's stock after selling 457 shares during the period. Mission Wealth Management LP's holdings in United Rentals were worth $9,217,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GHP Investment Advisors Inc. raised 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 acquiring an additional 877 shares during the period. Retireful LLC bought a new position in United Rentals in the 3rd quarter worth $697,000. Mizuho Securities USA LLC raised its holdings in United Rentals by 1,067.5% in the 3rd quarter. Mizuho Securities USA LLC now owns 59,879 shares of the construction company's stock worth $48,486,000 after purchasing an additional 54,750 shares during the period. Fiduciary Alliance LLC lifted its position in United Rentals by 196.5% during the fourth quarter. Fiduciary Alliance LLC now owns 1,420 shares of the construction company's stock valued at $1,000,000 after purchasing an additional 941 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in United Rentals by 7.6% during the fourth quarter. Nordea Investment Management AB now owns 732,954 shares of the construction company's stock valued at $517,018,000 after purchasing an additional 52,037 shares during the period. Hedge funds and other institutional investors own 96.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on URI. Robert W. Baird raised United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price objective on the stock in a research note on Tuesday, January 14th. Truist Financial reaffirmed a "buy" rating and set a $956.00 price target (down previously from $963.00) on shares of United Rentals in a report on Friday, January 31st. Argus increased their price objective on shares of United Rentals from $840.00 to $880.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Evercore ISI dropped their target price on shares of United Rentals from $1,004.00 to $974.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Finally, Baird R W upgraded United Rentals from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $829.00.

Insider Transactions at United Rentals

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the company's stock in a transaction 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 $4,390,128. This represents a 13.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.53% of the company's stock.

United Rentals Trading Up 2.6 %

URI traded up $15.33 during trading on Wednesday, reaching $613.24. The company had a trading volume of 154,344 shares, compared to its average volume of 686,360. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The business has a 50 day simple moving average of $716.80 and a 200-day simple moving average of $767.11. The stock has a market cap of $40.05 billion, a P/E ratio of 15.85, a PEG ratio of 1.43 and a beta of 1.68. United Rentals, Inc. has a 52 week low of $585.27 and a 52 week high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last released its earnings results 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 return on equity of 34.21% and a net margin of 16.78%. On average, equities analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a dividend of $1.79 per share. This is a boost from United Rentals's previous quarterly dividend of $1.63. The ex-dividend date was Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.17%. United Rentals's dividend payout ratio is currently 18.48%.

About United Rentals

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.