Transcend Capital Advisors LLC Sells 48 Shares of United Rentals, Inc. (NYSE:URI)

Transcend Capital Advisors LLC lowered its stake in United Rentals, Inc. (NYSE:URI) by 8.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 513 shares of the construction company’s stock after selling 48 shares during the quarter. Transcend Capital Advisors LLC’s holdings in United Rentals were worth $361,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new stake in United Rentals during the 4th quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in United Rentals during the 3rd quarter valued at approximately $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 bought a new stake in United Rentals during the 4th quarter valued at approximately $34,000. Finally, Carmichael Hill & Associates Inc. raised its stake in United Rentals by 80.0% during the 3rd 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 during the period. Institutional investors own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on URI shares. Morgan Stanley decreased their target price on United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Robert W. Baird raised United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price on the stock in a research note on Tuesday, January 14th. Truist Financial restated a “buy” rating and set a $956.00 price target (down previously from $963.00) on shares of United Rentals in a report on Friday, January 31st. JPMorgan Chase & Co. raised 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. Finally, Evercore ISI cut their price target on United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. 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 Price Performance

Shares of URI stock opened at $656.42 on Monday. United Rentals, Inc. has a 52-week low of $596.48 and a 52-week high of $896.98. 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 firm has a market capitalization of $42.87 billion, a P/E ratio of 16.94, a P/E/G ratio of 1.43 and a beta of 1.68. The stock has a 50 day moving average price of $731.32 and a 200 day moving average price of $770.71.

United Rentals (NYSE:URI) last issued its 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 net margin of 16.78% and a return on equity of 34.21%. As a group, sell-side analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The business also recently declared 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 represents a $7.16 annualized dividend and a dividend yield of 1.09%. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Wednesday, February 12th. United Rentals’s payout ratio is presently 18.48%.

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.