Blue Trust Inc. Purchases 192 Shares of United Rentals, Inc. (NYSE:URI)

Blue Trust Inc. lifted its position in shares of United Rentals, Inc. (NYSE:URI) by 21.2% during the fourth quarter, Holdings Channel reports. The firm owned 1,098 shares of the construction company’s stock after acquiring an additional 192 shares during the period. Blue Trust Inc.’s holdings in United Rentals were worth $773,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in URI. ORG Wealth Partners LLC bought a new position in shares of United Rentals during the 4th quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in United Rentals during the third quarter worth $31,000. Carmichael Hill & Associates Inc. grew its stake 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 purchasing an additional 20 shares during the period. HM Payson & Co. purchased a new stake in shares of United Rentals during the 3rd quarter valued at $41,000. Finally, Trust Co. of Vermont raised its stake in shares of United Rentals by 6,000.0% during the 3rd quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock worth $49,000 after purchasing an additional 60 shares during the period. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Trading Down 1.1 %

Shares of United Rentals stock opened at $758.30 on Thursday. The company’s 50-day moving average price is $767.89 and its 200-day moving average price is $768.71. The company has a market cap of $49.76 billion, a price-to-earnings ratio of 19.80, a PEG ratio of 1.73 and a beta of 1.69. United Rentals, Inc. has a 12-month low of $596.48 and a 12-month high of $896.98. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38.

United Rentals (NYSE:URI) last announced its quarterly 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 17.12% and a return on equity of 34.73%. On average, equities analysts expect that United Rentals, Inc. will post 43.43 earnings per share 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 annualized dividend and a dividend yield of 0.94%. This is a boost from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio (DPR) is presently 17.03%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on URI shares. Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Truist Financial lowered their price target on shares of United Rentals from $965.00 to $963.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Argus increased their price objective on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Robert W. Baird upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price on the stock in a research note on Tuesday, January 14th. Finally, Bank of America increased their price target on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $813.73.

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.