Focus Financial Network Inc. Trims Stock Position in United Rentals, Inc. (NYSE:URI)

Focus Financial Network Inc. lessened its holdings in United Rentals, Inc. (NYSE:URI) by 21.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 666 shares of the construction company’s stock after selling 178 shares during the period. Focus Financial Network Inc.’s holdings in United Rentals were worth $469,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. FMR LLC increased its stake in shares of United Rentals by 3.7% in the 3rd quarter. FMR LLC now owns 2,416,568 shares of the construction company’s stock valued at $1,956,768,000 after purchasing an additional 85,325 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of United Rentals by 82,462.2% in the 3rd quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company’s stock valued at $1,300,962,000 after purchasing an additional 1,604,715 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of United Rentals by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,566,802 shares of the construction company’s stock valued at $1,264,326,000 after purchasing an additional 9,256 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of United Rentals by 6.1% in the 3rd quarter. Franklin Resources Inc. now owns 996,014 shares of the construction company’s stock valued at $862,110,000 after purchasing an additional 57,002 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of United Rentals by 15.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company’s stock valued at $637,968,000 after purchasing an additional 105,287 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on URI. Barclays lifted their price target on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. Robert W. Baird upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective for the company in a research note on Tuesday, January 14th. Truist Financial reiterated a “buy” rating and set a $956.00 price objective (down from $963.00) on shares of United Rentals in a research note on Friday, January 31st. JPMorgan Chase & Co. boosted their price objective on United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $814.08.

United Rentals Trading Down 0.7 %

URI opened at $729.59 on Friday. United Rentals, Inc. has a one year low of $596.48 and a one year high of $896.98. The stock has a market capitalization of $47.65 billion, a PE ratio of 18.83, a P/E/G ratio of 1.54 and a beta of 1.68. The business’s 50 day moving average price is $743.13 and its 200 day moving average price is $769.56. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98.

United Rentals (NYSE:URI) last released its quarterly earnings data 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, equities research analysts expect that United Rentals, Inc. will post 44.93 EPS for the current year.

United Rentals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be issued a $1.79 dividend. The ex-dividend date is Wednesday, February 12th. This is a boost from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a yield of 0.98%. United Rentals’s dividend payout ratio is currently 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.