United Rentals, Inc. (NYSE:URI) Position Boosted by First Bank & Trust

First Bank & Trust raised its position in shares of United Rentals, Inc. (NYSE:URI) by 6.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 813 shares of the construction company’s stock after purchasing an additional 51 shares during the quarter. First Bank & Trust’s holdings in United Rentals were worth $573,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new position in United Rentals during the 4th quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in United Rentals during the 3rd quarter valued at $31,000. Hanson & Doremus Investment Management bought a new position in United Rentals during the 4th quarter valued at $33,000. Kestra Investment Management LLC bought a new position in United Rentals during the 4th quarter valued at $34,000. Finally, Carmichael Hill & Associates Inc. boosted its stake in 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 purchasing an additional 20 shares in the last quarter. 96.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on URI. Barclays increased their price objective on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. 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. Truist Financial restated a “buy” rating and issued a $956.00 target price (down previously from $963.00) on shares of United Rentals in a report on Friday, January 31st. Morgan Stanley reduced their target price on United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. Finally, Bank of America increased their price objective on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, United Rentals presently has an average rating of “Moderate Buy” and an average price target of $829.00.

United Rentals Trading Down 1.7 %

United Rentals stock opened at $708.42 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 market capitalization of $46.27 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 1.48 and a beta of 1.68. United Rentals, Inc. has a one year low of $596.48 and a one year high of $896.98. The company’s fifty day moving average price is $735.61 and its two-hundred day moving average price is $769.95.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, January 29th. The construction company reported $11.59 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, analysts forecast that United Rentals, Inc. will post 44.93 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. Stockholders of record on Wednesday, February 12th will be given a $1.79 dividend. This is an increase from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Wednesday, February 12th. United Rentals’s dividend payout ratio (DPR) is currently 18.48%.

United Rentals 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.