Sovereign Investment Advisors LLC Makes New $626,000 Investment in United Rentals, Inc. (NYSE:URI)

Sovereign Investment Advisors LLC bought a new stake in United Rentals, Inc. (NYSE:URI - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 889 shares of the construction company's stock, valued at approximately $626,000.

Other institutional investors also recently modified their holdings of the company. Rialto Wealth Management LLC purchased a new stake in shares of United Rentals during the 4th quarter valued at approximately $25,000. ORG Wealth Partners LLC purchased a new stake in shares of United Rentals during the 4th quarter valued at approximately $26,000. Hanson & Doremus Investment Management purchased a new stake in shares of United Rentals during the 4th quarter valued at approximately $33,000. Kestra Investment Management LLC purchased a new stake in United Rentals in the 4th quarter worth approximately $34,000. Finally, OFI Invest Asset Management purchased a new stake in United Rentals in the 4th quarter worth approximately $36,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on URI. Morgan Stanley lowered their target price 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. Argus increased their target price 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 lowered their target price on shares of United Rentals from $1,004.00 to $974.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. Truist Financial reiterated a "buy" rating and issued a $956.00 target price (down from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Finally, 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. One investment 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. According to data from MarketBeat.com, United Rentals currently has a consensus rating of "Moderate Buy" and a consensus price target of $829.00.

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Insider Activity at United Rentals

In related news, CFO William E. Grace sold 1,100 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $638.10, for a total transaction 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 trade represents a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.53% of the stock is owned by insiders.

United Rentals Trading Up 0.7 %

Shares of URI stock traded up $4.20 on Thursday, hitting $631.14. 555,284 shares of the company's stock traded hands, compared to its average volume of 548,748. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. United Rentals, Inc. has a one year low of $585.27 and a one year high of $896.98. The company's fifty day simple moving average is $698.05 and its 200 day simple moving average is $758.05. The stock has a market capitalization of $41.22 billion, a price-to-earnings ratio of 16.29, a P/E/G ratio of 1.43 and a beta of 1.76.

United Rentals (NYSE:URI - Get Free Report) last released its earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. Equities analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The firm 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. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $7.16 annualized dividend and a dividend yield of 1.13%. This is a positive change from United Rentals's previous quarterly dividend of $1.63. United Rentals's dividend payout ratio (DPR) is currently 18.48%.

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.