Kentucky Retirement Systems Sells 63 Shares of United Rentals, Inc. (NYSE:URI)

Kentucky Retirement Systems decreased its stake in United Rentals, Inc. (NYSE:URI) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,576 shares of the construction company’s stock after selling 63 shares during the quarter. Kentucky Retirement Systems’ holdings in United Rentals were worth $3,224,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. ORG Wealth Partners LLC purchased a new stake in shares of United Rentals in the fourth quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of United Rentals in the third quarter valued at approximately $31,000. Hanson & Doremus Investment Management purchased a new stake in shares of United Rentals in the fourth quarter valued at approximately $33,000. Kestra Investment Management LLC bought a new position in United Rentals in the fourth quarter worth approximately $34,000. Finally, Carmichael Hill & Associates Inc. increased its holdings in United Rentals by 80.0% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after purchasing an additional 20 shares during the period. Institutional investors own 96.26% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on URI shares. Citigroup lowered their price target 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. Barclays raised their target price on shares of 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 shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective on the stock in a report on Tuesday, January 14th. Argus raised their target price on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Truist Financial restated 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, United Rentals has an average rating of “Moderate Buy” and an average price target of $829.00.

United Rentals Stock Down 5.5 %

URI stock opened at $656.42 on Friday. The stock has a market capitalization of $42.87 billion, a P/E ratio of 16.94, a P/E/G ratio of 1.46 and a beta of 1.68. United Rentals, Inc. has a 52 week low of $596.48 and a 52 week high of $896.98. The firm has a 50-day simple moving average of $731.32 and a 200-day simple moving average of $769.34. 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 (NYSE:URI) last announced 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%. Equities analysts forecast that United Rentals, Inc. will post 44.93 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. Stockholders of record on Wednesday, February 12th will be paid a $1.79 dividend. This is an increase from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Wednesday, February 12th. United Rentals’s dividend payout ratio (DPR) is currently 18.48%.

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.