United Rentals, Inc. (NYSE:URI) Shares Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lifted its position in shares of United Rentals, Inc. (NYSE:URI) by 5.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,141 shares of the construction company’s stock after acquiring an additional 114 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in United Rentals were worth $1,508,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. ORG Wealth Partners LLC acquired a new stake in shares of United Rentals during the 4th quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of United Rentals during the 3rd quarter valued at approximately $31,000. Carmichael Hill & Associates Inc. raised its position in shares of United Rentals by 80.0% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock valued at $36,000 after acquiring an additional 20 shares in the last quarter. Hanson & Doremus Investment Management acquired a new stake in shares of United Rentals during the 4th quarter valued at approximately $33,000. Finally, HM Payson & Co. bought a new position in United Rentals during the 3rd quarter worth $41,000. 96.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on URI. Barclays upped their price objective on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. Bank of America raised their target price on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price objective on United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Friday. Robert W. Baird upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective for the company in a research report on Tuesday, January 14th. Finally, Truist Financial reiterated a “buy” rating and issued a $956.00 price objective (down previously from $963.00) on shares of United Rentals in a research report on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, United Rentals has a consensus rating of “Moderate Buy” and a consensus target price of $814.08.

United Rentals Stock Performance

Shares of United Rentals stock opened at $739.27 on Tuesday. The firm has a market cap of $48.28 billion, a price-to-earnings ratio of 19.08, a price-to-earnings-growth ratio of 1.52 and a beta of 1.69. The stock’s 50-day moving average is $762.23 and its 200-day moving average is $769.67. United Rentals, Inc. has a one year low of $596.48 and a one year high of $896.98. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92.

United Rentals (NYSE:URI) last released its 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%. Equities analysts predict that United Rentals, Inc. will post 46.09 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Wednesday, February 12th. This is an increase from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s payout ratio 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.