Foundations Investment Advisors LLC Lowers Holdings in United Rentals, Inc. (NYSE:URI)

Foundations Investment Advisors LLC reduced its position in shares of United Rentals, Inc. (NYSE:URI) by 18.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 716 shares of the construction company’s stock after selling 162 shares during the quarter. Foundations Investment Advisors LLC’s holdings in United Rentals were worth $505,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. ORG Wealth Partners LLC purchased a new stake in United Rentals in the fourth quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of United Rentals in the 3rd quarter worth approximately $31,000. Carmichael Hill & Associates Inc. boosted its stake in shares of United Rentals by 80.0% during 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 in the last quarter. HM Payson & Co. purchased a new position in United Rentals during the third quarter valued at approximately $41,000. Finally, Trust Co. of Vermont raised its stake in United Rentals by 6,000.0% in the third quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock worth $49,000 after buying an additional 60 shares in the last quarter. 96.26% of the stock is owned by institutional investors.

United Rentals Stock Performance

Shares of URI stock opened at $774.50 on Friday. The business has a fifty day moving average of $766.58 and a 200 day moving average of $768.75. United Rentals, Inc. has a 1 year low of $596.48 and a 1 year high of $896.98. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. The firm has a market capitalization of $50.82 billion, a price-to-earnings ratio of 20.23, a price-to-earnings-growth ratio of 1.73 and a beta of 1.69.

United Rentals (NYSE:URI) last announced its quarterly earnings data 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 34.73% and a net margin of 17.12%. As a group, research analysts expect that United Rentals, Inc. will post 43.43 earnings per share for the current year.

United Rentals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be paid a $1.79 dividend. This is an increase from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.92%. United Rentals’s dividend payout ratio is presently 16.83%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Truist Financial cut their price target on United Rentals from $965.00 to $963.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Citigroup cut their target price on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Argus raised their price target on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Bank of America boosted their price objective on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Barclays raised their target price on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $813.73.

About United Rentals

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.