United Rentals, Inc. (NYSE:URI) Position Trimmed by Mcrae Capital Management Inc.

Mcrae Capital Management Inc. reduced its stake in United Rentals, Inc. (NYSE:URI) by 8.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,382 shares of the construction company’s stock after selling 2,761 shares during the quarter. United Rentals comprises approximately 3.9% of Mcrae Capital Management Inc.’s holdings, making the stock its 8th largest position. Mcrae Capital Management Inc.’s holdings in United Rentals were worth $19,994,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ORG Wealth Partners LLC purchased a new stake in shares of United Rentals in the fourth quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in United Rentals during the 3rd quarter valued at about $31,000. Hanson & Doremus Investment Management bought a new stake in United Rentals during the 4th quarter valued at about $33,000. Carmichael Hill & Associates Inc. increased 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. Finally, HM Payson & Co. purchased a new position in United Rentals in the third quarter worth about $41,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Price Performance

NYSE URI opened at $729.59 on Friday. The company has a 50-day moving average price of $743.13 and a 200-day moving average price of $769.56. United Rentals, Inc. has a 52 week low of $596.48 and a 52 week high of $896.98. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $47.65 billion, a P/E ratio of 18.83, a PEG ratio of 1.54 and a beta of 1.68.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing analysts’ consensus estimates of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. Equities research analysts anticipate that United Rentals, Inc. will post 44.93 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. Investors of record on Wednesday, February 12th will be issued a $1.79 dividend. This is a boost from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Wednesday, February 12th. United Rentals’s dividend payout ratio (DPR) is currently 16.83%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on URI shares. Truist Financial reiterated a “buy” rating and set a $956.00 price target (down previously from $963.00) on shares of United Rentals in a report on Friday, January 31st. Morgan Stanley cut their target price on United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Argus boosted their price target on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Robert W. Baird raised United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective on the stock in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. boosted their target price on United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, United Rentals presently has a consensus rating of “Moderate Buy” and an average target price of $814.08.

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.