Wedbush Securities Inc. Has $1.14 Million Position in United Rentals, Inc. (NYSE:URI)

Wedbush Securities Inc. raised its position in United Rentals, Inc. (NYSE:URI - Free Report) by 46.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,623 shares of the construction company's stock after acquiring an additional 518 shares during the quarter. Wedbush Securities Inc.'s holdings in United Rentals were worth $1,143,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of URI. Adell Harriman & Carpenter Inc. raised its stake in United Rentals by 1.8% in the 4th quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company's stock valued at $573,000 after acquiring an additional 14 shares during the period. Valmark Advisers Inc. increased its holdings in shares of United Rentals by 1.8% in the fourth quarter. Valmark Advisers Inc. now owns 788 shares of the construction company's stock valued at $555,000 after purchasing an additional 14 shares during the last quarter. Erste Asset Management GmbH raised its position in shares of United Rentals by 0.5% in the fourth quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company's stock valued at $2,002,000 after purchasing an additional 14 shares during the period. Klingman & Associates LLC lifted its stake in shares of United Rentals by 2.3% during the 4th quarter. Klingman & Associates LLC now owns 669 shares of the construction company's stock worth $471,000 after buying an additional 15 shares during the last quarter. Finally, Moody National Bank Trust Division boosted its holdings in shares of United Rentals by 4.5% during the 4th quarter. Moody National Bank Trust Division now owns 368 shares of the construction company's stock worth $259,000 after buying an additional 16 shares during the period. Institutional investors own 96.26% of the company's stock.

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Insider Buying and Selling at United Rentals

In related news, CFO William E. Grace sold 1,100 shares of United Rentals 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 directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.51% of the company's stock.

United Rentals Price Performance

Shares of United Rentals stock traded up $1.63 on Friday, reaching $581.57. 769,125 shares of the stock were exchanged, compared to its average volume of 589,214. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. The firm has a market cap of $38.00 billion, a PE ratio of 15.01, a P/E/G ratio of 1.43 and a beta of 1.72. The firm's 50 day moving average is $644.29 and its 200-day moving average is $740.61. United Rentals, Inc. has a one year low of $525.91 and a one year high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last released its earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share 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%. As a group, analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a $1.79 dividend. The ex-dividend date was Wednesday, February 12th. This is a positive change from United Rentals's previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a yield of 1.23%. United Rentals's dividend payout ratio (DPR) is 18.48%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on URI. Truist Financial lowered their price target on shares of United Rentals from $956.00 to $732.00 and set a "buy" rating on the stock in a report on Tuesday. Bank of America dropped their price target on United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a report on Friday, March 21st. Morgan Stanley decreased their price objective on United Rentals from $775.00 to $765.00 and set an "equal weight" rating on the stock in a report on Monday, February 3rd. Baird R W raised United Rentals from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 14th. Finally, Evercore ISI reduced their target price on shares of United Rentals from $1,004.00 to $974.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $752.14.

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.