Crestwood Advisors Group LLC Lowers Stake in United Rentals, Inc. (NYSE:URI)

Crestwood Advisors Group LLC cut its position in United Rentals, Inc. (NYSE:URI) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,291 shares of the construction company’s stock after selling 183 shares during the period. Crestwood Advisors Group LLC owned about 0.06% of United Rentals worth $25,565,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. ORG Wealth Partners LLC purchased a new stake in United Rentals in the 4th quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of United Rentals during the third quarter worth about $31,000. Hanson & Doremus Investment Management bought a new stake in United Rentals during the 4th quarter valued at approximately $33,000. Kestra Investment Management LLC purchased a new position in United Rentals in the 4th quarter worth approximately $34,000. Finally, Carmichael Hill & Associates Inc. lifted its holdings in United Rentals by 80.0% in 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 in the last quarter. 96.26% of the stock is currently owned by institutional investors.

United Rentals Price Performance

Shares of United Rentals stock opened at $656.42 on Monday. The stock has a market cap of $42.87 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 1.43 and a beta of 1.68. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. The stock has a 50 day moving average price of $731.32 and a 200-day moving average price of $770.71. United Rentals, Inc. has a one year low of $596.48 and a one year high of $896.98.

United Rentals (NYSE:URI) last posted its quarterly earnings data 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 return on equity of 34.21% and a net margin of 16.78%. Equities analysts expect that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 1.09%. This is an increase from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date is Wednesday, February 12th. United Rentals’s dividend payout ratio is presently 18.48%.

Wall Street Analyst Weigh In

URI has been the topic of several recent analyst reports. Truist Financial reiterated a “buy” rating and set a $956.00 price objective (down previously from $963.00) on shares of United Rentals in a research report on Friday, January 31st. Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target on the stock in a report on Tuesday, January 14th. Morgan Stanley dropped their price objective on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. Citigroup reduced 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, Evercore ISI dropped their price target on United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $829.00.

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.