National Bank of Canada FI Acquires 4,007 Shares of United Rentals, Inc. (NYSE:URI)

National Bank of Canada FI lifted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 10.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 41,420 shares of the construction company’s stock after purchasing an additional 4,007 shares during the period. National Bank of Canada FI owned 0.06% of United Rentals worth $29,179,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of URI. Rialto Wealth Management LLC bought a new stake in shares of United Rentals in the 4th quarter valued at about $25,000. ORG Wealth Partners LLC bought a new stake in United Rentals in the fourth quarter valued at approximately $26,000. Murphy & Mullick Capital Management Corp acquired a new stake in United Rentals during the 4th quarter valued at approximately $27,000. Meeder Asset Management Inc. raised its holdings in United Rentals by 241.7% during the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company’s stock worth $29,000 after purchasing an additional 29 shares during the last quarter. Finally, Hanson & Doremus Investment Management acquired a new position in shares of United Rentals in the 4th quarter worth approximately $33,000. Institutional investors own 96.26% of the company’s stock.

Insiders Place Their Bets

In related 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 transaction of $701,910.00. Following the transaction, the chief financial officer now directly owns 6,880 shares of the company’s stock, valued at $4,390,128. This trade represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

URI has been the subject of a number of analyst reports. Truist Financial reissued a “buy” rating and set a $956.00 target price (down previously from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Bank of America dropped their price objective on United Rentals from $850.00 to $750.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. JPMorgan Chase & Co. raised their target price on United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. 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. Finally, Morgan Stanley reduced 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 research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $804.15.

United Rentals Stock Up 2.4 %

Shares of NYSE URI opened at $647.27 on Thursday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The company has a 50-day moving average price of $678.19 and a 200-day moving average price of $753.23. The stock has a market capitalization of $42.29 billion, a P/E ratio of 16.70, a P/E/G ratio of 1.43 and a beta of 1.76. United Rentals, Inc. has a 1 year low of $585.27 and a 1 year high of $896.98.

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

United Rentals Increases Dividend

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