Cozad Asset Management Inc. Sells 474 Shares of United Rentals, Inc. (NYSE:URI)

Cozad Asset Management Inc. reduced its position in shares of United Rentals, Inc. (NYSE:URI) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,724 shares of the construction company’s stock after selling 474 shares during the period. United Rentals comprises 1.4% of Cozad Asset Management Inc.’s investment portfolio, making the stock its 14th largest holding. Cozad Asset Management Inc.’s holdings in United Rentals were worth $14,599,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in URI. Proficio Capital Partners LLC acquired a new position in shares of United Rentals in the fourth quarter worth approximately $171,733,000. Raymond James Financial Inc. acquired a new position in United Rentals in the fourth quarter valued at approximately $164,493,000. JPMorgan Chase & Co. lifted its stake in United Rentals by 15.4% in the third quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company’s stock valued at $637,968,000 after buying an additional 105,287 shares during the period. FMR LLC lifted its stake in United Rentals by 3.7% in the third quarter. FMR LLC now owns 2,416,568 shares of the construction company’s stock valued at $1,956,768,000 after buying an additional 85,325 shares during the period. Finally, National Pension Service lifted its stake in United Rentals by 79.8% in the fourth quarter. National Pension Service now owns 167,813 shares of the construction company’s stock valued at $118,214,000 after buying an additional 74,479 shares during the period. 96.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Evercore ISI dropped their price target on United Rentals from $1,004.00 to $974.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. JPMorgan Chase & Co. boosted their price target on United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Truist Financial reissued a “buy” rating and issued a $956.00 price target (down from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Finally, Citigroup decreased their price objective on United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. One 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $829.00.

United Rentals Trading Up 4.9 %

Shares of United Rentals stock opened at $623.35 on Monday. The stock has a fifty day simple moving average of $701.71 and a 200 day simple moving average of $760.67. United Rentals, Inc. has a 12-month low of $585.27 and a 12-month high of $896.98. The company has a market capitalization of $40.71 billion, a P/E ratio of 16.09, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share (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%. On average, sell-side analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Wednesday, February 12th. This is an increase from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio is 18.48%.

Insider Buying and Selling at United Rentals

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the company’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 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 the SEC website. Corporate insiders own 0.53% of the company’s stock.

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.