United Rentals, Inc. (NYSE:URI) Stake Lifted by Cutter & CO Brokerage Inc.

Cutter & CO Brokerage Inc. lifted its stake in shares of United Rentals, Inc. (NYSE:URI) by 6.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 320 shares of the construction company’s stock after acquiring an additional 20 shares during the quarter. Cutter & CO Brokerage Inc.’s holdings in United Rentals were worth $225,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Arkadios Wealth Advisors acquired a new stake in United Rentals in the 3rd quarter valued at about $247,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of United Rentals by 2.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,532 shares of the construction company’s stock worth $4,480,000 after purchasing an additional 131 shares during the last quarter. J.W. Cole Advisors Inc. bought a new stake in shares of United Rentals in the 3rd quarter worth approximately $220,000. Nisa Investment Advisors LLC lifted its stake in United Rentals by 2.4% during the third quarter. Nisa Investment Advisors LLC now owns 20,729 shares of the construction company’s stock valued at $16,785,000 after purchasing an additional 493 shares during the last quarter. Finally, Old Port Advisors bought a new stake in United Rentals during the third quarter worth approximately $239,000. Institutional investors own 96.26% of the company’s stock.

Insider Buying and Selling

In other news, CFO William E. Grace sold 1,100 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $638.10, for a total value of $701,910.00. Following the transaction, the chief financial officer now owns 6,880 shares of the company’s stock, valued at approximately $4,390,128. This trade represents a 13.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on URI. Citigroup dropped their price target on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. 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 report on Tuesday, January 14th. Morgan Stanley decreased their price target on United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Truist Financial restated a “buy” rating and set a $956.00 price objective (down previously from $963.00) on shares of United Rentals in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. upped their price objective on shares of United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $829.00.

United Rentals Stock Performance

NYSE URI opened at $642.29 on Thursday. United Rentals, Inc. has a twelve month low of $596.48 and a twelve month high of $896.98. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The company’s 50-day simple moving average is $724.58 and its 200 day simple moving average is $769.00. The stock has a market cap of $41.95 billion, a P/E ratio of 16.58, a PEG ratio of 1.43 and a beta of 1.68.

United Rentals (NYSE:URI) last announced 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 return on equity of 34.21% and a net margin of 16.78%. As a group, research analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a $1.79 dividend. This is a boost from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $7.16 annualized dividend and a yield of 1.11%. United Rentals’s dividend payout ratio (DPR) is currently 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.