CENTRAL TRUST Co Boosts Stock Holdings in United Rentals, Inc. (NYSE:URI)

CENTRAL TRUST Co boosted its position in United Rentals, Inc. (NYSE:URI) by 31.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 674 shares of the construction company’s stock after purchasing an additional 160 shares during the period. CENTRAL TRUST Co’s holdings in United Rentals were worth $475,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in United Rentals by 11.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,203 shares of the construction company’s stock valued at $7,492,000 after purchasing an additional 964 shares during the last quarter. Retireful LLC purchased a new position in United Rentals in the third quarter valued at approximately $697,000. Mizuho Securities USA LLC lifted its stake in United Rentals by 1,067.5% in the third quarter. Mizuho Securities USA LLC now owns 59,879 shares of the construction company’s stock valued at $48,486,000 after purchasing an additional 54,750 shares during the last quarter. Fiduciary Alliance LLC raised its holdings in United Rentals by 196.5% during the 4th quarter. Fiduciary Alliance LLC now owns 1,420 shares of the construction company’s stock valued at $1,000,000 after acquiring an additional 941 shares during the period. Finally, Nordea Investment Management AB raised its holdings in United Rentals by 7.6% during the 4th quarter. Nordea Investment Management AB now owns 732,954 shares of the construction company’s stock valued at $517,018,000 after acquiring an additional 52,037 shares during the period. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Stock Up 2.2 %

URI opened at $754.18 on Wednesday. The stock has a market cap of $49.26 billion, a PE ratio of 19.46, a P/E/G ratio of 1.52 and a beta of 1.68. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a 52 week low of $596.48 and a 52 week high of $896.98. The business’s fifty day simple moving average is $759.85 and its 200 day simple moving average is $769.92.

United Rentals (NYSE:URI) last released 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 net margin of 16.78% and a return on equity of 34.21%. As a group, research analysts expect that United Rentals, Inc. will post 46.09 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Wednesday, February 12th. This is a boost from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio is currently 16.83%.

Analysts Set New Price Targets

A number of brokerages have issued reports on URI. Citigroup lowered their target price on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Argus boosted their target price 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. Barclays boosted their target price on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a report on Friday, October 25th. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price on the stock in a report on Tuesday, January 14th. Finally, Truist Financial reissued a “buy” rating and set a $956.00 target price (down previously from $963.00) on shares of United Rentals in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, United Rentals has a consensus rating of “Moderate Buy” and a consensus target price of $814.08.

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.