Steward Partners Investment Advisory LLC Grows Stock Holdings in United Rentals, Inc. (NYSE:URI)

Steward Partners Investment Advisory LLC raised its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 11.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,589 shares of the construction company's stock after acquiring an additional 693 shares during the period. Steward Partners Investment Advisory LLC's holdings in United Rentals were worth $4,642,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. ORG Wealth Partners LLC purchased a new position in shares of United Rentals in the 4th quarter worth $26,000. Hanson & Doremus Investment Management bought a new stake in United Rentals during the 4th quarter valued at about $33,000. Kestra Investment Management LLC bought a new stake in United Rentals during the 4th quarter valued at about $34,000. CarsonAllaria Wealth Management Ltd. bought a new stake in United Rentals during the 4th quarter valued at about $42,000. Finally, Ashton Thomas Securities LLC bought a new stake in United Rentals during the 3rd quarter valued at about $61,000. 96.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

URI has been the subject of a number of research analyst reports. Evercore ISI decreased their price objective 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. Truist Financial reiterated a "buy" rating and set a $956.00 price objective (down previously from $963.00) on shares of United Rentals in a report on Friday, January 31st. Argus boosted their price target on shares of United Rentals from $840.00 to $880.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Baird R W upgraded shares of United Rentals from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 14th. 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 report on Tuesday, January 14th. One investment 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, the company currently has an average rating of "Moderate Buy" and an average price target of $829.00.

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United Rentals Stock Up 0.4 %

Shares of NYSE URI traded up $2.75 during trading hours on Friday, hitting $628.63. 1,000,664 shares of the stock were exchanged, compared to its average volume of 727,954. 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 company has a market cap of $41.05 billion, a PE ratio of 16.22, a PEG ratio of 1.43 and a beta of 1.76. The firm has a fifty day moving average price of $712.93 and a 200-day moving average price of $765.21. United Rentals, Inc. has a 12 month low of $585.27 and a 12 month high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings data 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 return on equity of 34.21% and a net margin of 16.78%. On average, sell-side analysts expect that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 1.14%. The ex-dividend date was Wednesday, February 12th. This is an increase from United Rentals's previous quarterly dividend of $1.63. United Rentals's payout ratio is currently 18.48%.

Insiders Place Their Bets

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the business's stock in a transaction that occurred 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 sale, the chief financial officer now owns 6,880 shares of the company's stock, valued at approximately $4,390,128. The trade was a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.53% of the stock is owned by insiders.

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.