US Bancorp DE Increases Holdings in United Rentals, Inc. (NYSE:URI)

US Bancorp DE lifted its position in United Rentals, Inc. (NYSE:URI) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,321 shares of the construction company’s stock after purchasing an additional 462 shares during the period. US Bancorp DE’s holdings in United Rentals were worth $15,019,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. ORG Wealth Partners LLC purchased a new stake in shares of United Rentals in the fourth quarter valued at approximately $26,000. Carmichael Hill & Associates Inc. boosted 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 during the period. 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 purchased a new stake in shares of United Rentals in the fourth quarter valued at approximately $34,000. Finally, CarsonAllaria Wealth Management Ltd. purchased a new stake in shares of United Rentals in the fourth quarter valued at approximately $42,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on URI. Evercore ISI lowered 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. Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Truist Financial reaffirmed a “buy” rating and set a $956.00 target price (down previously from $963.00) on shares of United Rentals in a research report on Friday, January 31st. Citigroup dropped their target price on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, Morgan Stanley dropped their target price on United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, United Rentals has an average rating of “Moderate Buy” and a consensus price target of $829.00.

United Rentals Stock Performance

Shares of URI opened at $617.44 on Tuesday. United Rentals, Inc. has a 12 month low of $596.48 and a 12 month high of $896.98. The stock has a fifty day moving average price of $719.38 and a 200-day moving average price of $767.93. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The firm has a market cap of $40.32 billion, a PE ratio of 15.93, a P/E/G ratio of 1.43 and a beta of 1.68.

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

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a $1.79 dividend. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date was Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a yield of 1.16%. United Rentals’s dividend payout ratio (DPR) is 18.48%.

Insider Buying and Selling

In related news, CFO William E. Grace sold 1,100 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the completion of the transaction, the chief financial officer now owns 6,880 shares in the company, valued at $4,390,128. This trade represents a 13.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.53% of the stock is currently owned by company insiders.

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.