Bank of New Hampshire Lowers Holdings in United Rentals, Inc. (NYSE:URI)

Bank of New Hampshire decreased its position in United Rentals, Inc. (NYSE:URI) by 4.3% in the fourth quarter, Holdings Channel reports. The firm owned 3,375 shares of the construction company’s stock after selling 151 shares during the period. Bank of New Hampshire’s holdings in United Rentals were worth $2,377,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Mayflower Financial Advisors LLC boosted its holdings in shares of United Rentals by 4.0% in the third quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock valued at $274,000 after purchasing an additional 13 shares during the period. Allen Capital Group LLC boosted its holdings in shares of United Rentals by 4.2% in the third quarter. Allen Capital Group LLC now owns 324 shares of the construction company’s stock valued at $262,000 after purchasing an additional 13 shares during the period. First County Bank CT boosted its holdings in shares of United Rentals by 3.2% in the third quarter. First County Bank CT now owns 422 shares of the construction company’s stock valued at $342,000 after purchasing an additional 13 shares during the period. IAM Advisory LLC boosted its holdings in shares of United Rentals by 1.6% in the third quarter. IAM Advisory LLC now owns 900 shares of the construction company’s stock valued at $729,000 after purchasing an additional 14 shares during the period. Finally, CVA Family Office LLC boosted its holdings in shares of United Rentals by 1.7% in the third quarter. CVA Family Office LLC now owns 844 shares of the construction company’s stock valued at $683,000 after purchasing an additional 14 shares during the period. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on URI shares. JPMorgan Chase & Co. upped their target price on United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Robert W. Baird upped their target price on United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a report on Thursday, October 3rd. Citigroup upped their target price on United Rentals from $955.00 to $985.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Truist Financial upped their target price on United Rentals from $955.00 to $965.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, Argus upped their target price on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $792.69.

United Rentals Stock Up 0.4 %

Shares of URI traded up $2.40 during midday trading on Tuesday, hitting $686.40. 39,689 shares of the company’s stock traded hands, compared to its average volume of 502,003. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. The firm’s fifty day moving average is $799.69 and its 200-day moving average is $757.97. United Rentals, Inc. has a 1 year low of $533.70 and a 1 year high of $896.98. The stock has a market capitalization of $45.04 billion, a price-to-earnings ratio of 17.93, a price-to-earnings-growth ratio of 1.83 and a beta of 1.69.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.49 by ($0.69). United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same period in the previous year, the company earned $11.73 earnings per share. United Rentals’s revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts anticipate that United Rentals, Inc. will post 43.46 earnings per share for the current year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Wednesday, November 13th. United Rentals’s payout ratio is 17.03%.

Insider Activity at United Rentals

In related news, SVP Anthony S. Leopold sold 900 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the transaction, the senior vice president now directly owns 2,044 shares of the company’s stock, valued at $1,682,702.56. This represents a 30.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.53% of the stock is owned by insiders.

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.