Prakash Investment Advisors LLC Takes Position in United Rentals, Inc. (NYSE:URI)

Prakash Investment Advisors LLC purchased a new stake in United Rentals, Inc. (NYSE:URI) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,007 shares of the construction company’s stock, valued at approximately $709,000. United Rentals makes up approximately 0.7% of Prakash Investment Advisors LLC’s investment portfolio, making the stock its 23rd largest holding.

Other institutional investors also recently modified their holdings of the company. ORG Wealth Partners LLC bought a new stake in shares of United Rentals in the fourth quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of United Rentals in the third quarter valued at about $31,000. Hanson & Doremus Investment Management bought a new stake in shares of United Rentals in the fourth quarter valued at about $33,000. Kestra Investment Management LLC bought a new stake in shares of United Rentals in the fourth quarter valued at about $34,000. Finally, Carmichael Hill & Associates Inc. lifted its holdings in shares of United Rentals by 80.0% in the third 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 in the last quarter. 96.26% of the stock is currently owned by institutional investors.

United Rentals Price Performance

Shares of NYSE URI opened at $694.48 on Friday. The business’s 50 day moving average price is $733.77 and its two-hundred day moving average price is $769.42. The company has a market cap of $45.36 billion, a PE ratio of 17.92, a price-to-earnings-growth ratio of 1.46 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 twelve month low of $596.48 and a twelve month high of $896.98.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share 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, analysts predict that United Rentals, Inc. will post 44.93 EPS for the current year.

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be given a $1.79 dividend. This is an increase from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date is Wednesday, February 12th. This represents a $7.16 annualized dividend and a dividend yield of 1.03%. United Rentals’s dividend payout ratio is presently 18.48%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on URI. JPMorgan Chase & Co. boosted their price target on United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Evercore ISI dropped their target price on United Rentals from $1,004.00 to $974.00 and set an “outperform” rating on the stock in a report on Wednesday. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Citigroup dropped their target price on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, Barclays upped their target price on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, United Rentals has a consensus rating of “Moderate Buy” and a consensus target price of $829.00.

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.