Sax Wealth Advisors LLC Makes New Investment in United Rentals, Inc. (NYSE:URI)

Sax Wealth Advisors LLC acquired a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 478 shares of the construction company's stock, valued at approximately $337,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its holdings in shares of United Rentals by 82,462.2% during the 3rd quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company's stock valued at $1,300,962,000 after buying an additional 1,604,715 shares during the last quarter. Marshall Wace LLP increased its stake in shares of United Rentals by 259.3% during the 2nd quarter. Marshall Wace LLP now owns 150,152 shares of the construction company's stock worth $97,108,000 after purchasing an additional 108,360 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of United Rentals by 15.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company's stock valued at $637,968,000 after purchasing an additional 105,287 shares in the last quarter. FMR LLC boosted its holdings in United Rentals by 3.7% in the third quarter. FMR LLC now owns 2,416,568 shares of the construction company's stock worth $1,956,768,000 after purchasing an additional 85,325 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in United Rentals by 10.5% during the third quarter. The Manufacturers Life Insurance Company now owns 704,145 shares of the construction company's stock valued at $570,167,000 after buying an additional 66,957 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on URI. Truist Financial cut their price objective on United Rentals from $965.00 to $963.00 and set a "buy" rating on the stock in a research note on Thursday. Baird R W upgraded shares of United Rentals from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 14th. Barclays upped their price objective 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. Bank of America boosted their target price on shares of United Rentals from $800.00 to $910.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised their price target on United Rentals from $780.00 to $940.00 and gave the company an "overweight" rating in a research report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $805.08.

United Rentals Stock Performance

URI stock traded up $13.39 during trading on Friday, reaching $770.81. 897,099 shares of the stock were exchanged, compared to its average volume of 466,512. United Rentals, Inc. has a twelve month low of $553.22 and a twelve month high of $896.98. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $50.58 billion, a P/E ratio of 20.13, a price-to-earnings-growth ratio of 1.46 and a beta of 1.69. The stock has a 50 day simple moving average of $778.79 and a 200-day simple moving average of $761.58.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing analysts' consensus estimates of $12.49 by ($0.69). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the prior year, the firm earned $11.73 EPS. The firm's quarterly revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts anticipate that United Rentals, Inc. will post 43.46 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $1.63 per share. The ex-dividend date was Wednesday, November 13th. This represents a $6.52 annualized dividend and a dividend yield of 0.85%. United Rentals's dividend payout ratio (DPR) is presently 17.03%.

Insider Activity at United Rentals

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the company's stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $823.24, for a total transaction of $740,916.00. Following the sale, the senior vice president now directly owns 2,044 shares of the company's stock, valued at approximately $1,682,702.56. This represents a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.49% of the stock is owned by insiders.

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.