New England Research & Management Inc. increased its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 10.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,855 shares of the construction company's stock after buying an additional 715 shares during the quarter. United Rentals comprises about 2.8% of New England Research & Management Inc.'s holdings, making the stock its 4th largest position. New England Research & Management Inc.'s holdings in United Rentals were worth $5,533,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Hanson & Doremus Investment Management acquired a new position in shares of United Rentals during the fourth quarter worth about $33,000. Foster & Motley Inc. boosted its holdings in United Rentals by 1.1% in the 4th quarter. Foster & Motley Inc. now owns 8,321 shares of the construction company's stock valued at $5,861,000 after purchasing an additional 92 shares in the last quarter. R Squared Ltd acquired a new position in United Rentals during the 4th quarter worth approximately $514,000. SteelPeak Wealth LLC boosted its position in shares of United Rentals by 1.1% during the 4th quarter. SteelPeak Wealth LLC now owns 2,154 shares of the construction company's stock worth $1,517,000 after purchasing an additional 24 shares in the last quarter. Finally, Mayflower Financial Advisors LLC increased its holdings in shares of United Rentals by 7.4% in the 4th quarter. Mayflower Financial Advisors LLC now owns 364 shares of the construction company's stock valued at $256,000 after purchasing an additional 25 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have issued reports on URI. Bank of America increased their target price on shares of United Rentals from $800.00 to $910.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Citigroup reduced their price objective on United Rentals from $985.00 to $835.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Baird R W raised United Rentals from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 14th. Barclays lifted their price target on United Rentals from $400.00 to $565.00 and gave the stock an "underweight" rating in a research note on Friday, October 25th. Finally, Robert W. Baird raised shares of 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $813.73.
Get Our Latest Analysis on URI
United Rentals Trading Up 2.6 %
Shares of URI stock traded up $20.02 during trading hours on Thursday, hitting $778.41. 694,166 shares of the company were exchanged, compared to its average volume of 694,949. The firm has a fifty day moving average of $767.89 and a 200 day moving average of $768.71. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. United Rentals, Inc. has a 1 year low of $596.48 and a 1 year high of $896.98. The firm has a market cap of $51.08 billion, a PE ratio of 20.20, a PEG ratio of 1.73 and a beta of 1.69.
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 17.12% and a return on equity of 34.73%. Analysts expect that United Rentals, Inc. will post 43.43 earnings per share for the current year.
United Rentals Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be paid a dividend of $1.79 per share. This is a positive change from United Rentals's previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a yield of 0.92%. United Rentals's dividend payout ratio is currently 16.83%.
United Rentals Profile
(
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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