Fidelis Capital Partners LLC Has $923,000 Position in United Rentals, Inc. (NYSE:URI)

Fidelis Capital Partners LLC boosted its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 102.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,250 shares of the construction company's stock after buying an additional 632 shares during the quarter. Fidelis Capital Partners LLC's holdings in United Rentals were worth $923,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. ORG Wealth Partners LLC acquired a new stake in shares of United Rentals during the 4th quarter worth about $26,000. Carmichael Hill & Associates Inc. raised its holdings in United Rentals by 80.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company's stock valued at $36,000 after acquiring an additional 20 shares during the period. Hanson & Doremus Investment Management acquired a new stake in United Rentals during the fourth quarter worth approximately $33,000. Kestra Investment Management LLC acquired a new stake in United Rentals during the fourth quarter worth approximately $34,000. Finally, CarsonAllaria Wealth Management Ltd. bought a new stake in shares of United Rentals during the fourth quarter worth approximately $42,000. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Price Performance

Shares of URI stock traded up $31.41 on Wednesday, hitting $629.32. 697,374 shares of the company's stock were exchanged, compared to its average volume of 697,919. The company has a 50 day moving average of $716.80 and a 200 day moving average of $767.11. The stock has a market cap of $41.10 billion, a P/E ratio of 16.21, a price-to-earnings-growth ratio of 1.43 and a beta of 1.68. 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, 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 earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing analysts' consensus estimates 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, equities research analysts predict 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 $1.79 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a yield of 1.14%. 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%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on URI. Truist Financial reissued a "buy" rating and set a $956.00 price target (down from $963.00) on shares of United Rentals in a report on Friday, January 31st. Evercore ISI lowered their price objective on United Rentals from $1,004.00 to $974.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. JPMorgan Chase & Co. boosted their target price on shares of United Rentals from $940.00 to $1,000.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Robert W. Baird raised shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price target on the stock in a research report on Tuesday, January 14th. Finally, Morgan Stanley dropped their price objective on shares of United Rentals from $775.00 to $765.00 and set an "equal weight" rating for the company in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, United Rentals presently has a consensus rating of "Moderate Buy" and a consensus price target of $829.00.

Insiders Place Their Bets

In related news, CFO William E. Grace sold 1,100 shares of the firm's stock in a transaction on Monday, February 24th. The stock was 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 $4,390,128. This trade represents a 13.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.53% of the company's stock.

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.