Stratos Wealth Advisors LLC Purchases 82 Shares of United Rentals, Inc. (NYSE:URI)

Stratos Wealth Advisors LLC increased its stake in shares of United Rentals, Inc. (NYSE:URI) by 14.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 642 shares of the construction company’s stock after acquiring an additional 82 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in United Rentals were worth $453,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of URI. ORG Wealth Partners LLC bought a new position in United Rentals during the fourth quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in United Rentals during the third quarter worth $31,000. Hanson & Doremus Investment Management bought a new position in United Rentals during the fourth quarter worth $33,000. Carmichael Hill & Associates Inc. boosted its stake in United Rentals by 80.0% during the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after acquiring an additional 20 shares in the last quarter. Finally, HM Payson & Co. bought a new position in United Rentals during the third quarter worth $41,000. 96.26% of the stock is owned by institutional investors.

United Rentals Stock Performance

NYSE URI opened at $740.69 on Friday. United Rentals, Inc. has a 52-week low of $596.48 and a 52-week high of $896.98. The company has a 50-day simple moving average of $752.83 and a 200 day simple moving average of $769.57. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. The company has a market capitalization of $48.37 billion, a PE ratio of 19.11, a price-to-earnings-growth ratio of 1.52 and a beta of 1.68.

United Rentals (NYSE:URI) last posted its quarterly earnings data 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 return on equity of 34.21% and a net margin of 16.78%. On average, research analysts predict that United Rentals, Inc. will post 46.09 EPS for the current year.

United Rentals Increases Dividend

The firm also recently announced 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 a positive change from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio (DPR) is currently 18.48%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on URI shares. Barclays raised their price objective 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. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Bank of America raised their price objective on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Truist Financial reaffirmed a “buy” rating and issued a $956.00 price objective (down from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Finally, Citigroup dropped their price objective on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, United Rentals presently has a consensus rating of “Moderate Buy” and an average price target of $814.08.

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.