United Rentals, Inc. (NYSE:URI) Stock Position Raised by Sycomore Asset Management

Sycomore Asset Management boosted its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 77.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,060 shares of the construction company's stock after acquiring an additional 6,133 shares during the period. United Rentals accounts for 1.3% of Sycomore Asset Management's portfolio, making the stock its 27th largest position. Sycomore Asset Management's holdings in United Rentals were worth $9,904,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC acquired a new position in United Rentals in the fourth quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of United Rentals in the 3rd quarter worth about $31,000. Hanson & Doremus Investment Management bought a new stake in shares of United Rentals during the 4th quarter valued at about $33,000. Carmichael Hill & Associates Inc. raised its stake in United Rentals by 80.0% during the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company's stock worth $36,000 after acquiring an additional 20 shares during the period. Finally, HM Payson & Co. acquired a new stake in United Rentals during the third quarter worth about $41,000. 96.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on URI shares. Bank of America upped their target price on United Rentals from $800.00 to $910.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Citigroup lowered their price objective on United Rentals from $985.00 to $835.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Morgan Stanley cut their target price on 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. Baird R W raised shares of United Rentals from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 14th. Finally, Truist Financial reaffirmed a "buy" rating and issued a $956.00 price objective (down previously from $963.00) on shares of United Rentals in a report on Friday, January 31st. One research 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. According to data from MarketBeat, United Rentals currently has an average rating of "Moderate Buy" and an average price target of $814.08.

United Rentals Price Performance

Shares of United Rentals stock traded up $6.35 on Tuesday, hitting $753.65. The company had a trading volume of 306,515 shares, compared to its average volume of 674,486. United Rentals, Inc. has a 52 week low of $596.48 and a 52 week high of $896.98. The company has a market cap of $49.22 billion, a PE ratio of 19.45, a PEG ratio of 1.54 and a beta of 1.68. The business has a 50-day simple moving average of $748.32 and a 200-day simple moving average of $770.09. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly 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 net margin of 16.78% and a return on equity of 34.21%. Research analysts expect that United Rentals, Inc. will post 44.93 EPS for the current fiscal year.

United Rentals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 0.95%. This is an increase from United Rentals's previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Wednesday, February 12th. United Rentals's dividend payout ratio is presently 16.83%.

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.