Kentucky Retirement Systems Sells 63 Shares of United Rentals, Inc. (NYSE:URI)

Kentucky Retirement Systems lowered its position in shares of United Rentals, Inc. (NYSE:URI) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,576 shares of the construction company’s stock after selling 63 shares during the quarter. Kentucky Retirement Systems’ holdings in United Rentals were worth $3,224,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Mayflower Financial Advisors LLC boosted its stake in shares of United Rentals by 4.0% in the 3rd 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 last quarter. Allen Capital Group LLC boosted its stake in 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 acquiring an additional 13 shares during the last quarter. First County Bank CT grew its holdings in United Rentals by 3.2% during the 3rd quarter. First County Bank CT now owns 422 shares of the construction company’s stock worth $342,000 after acquiring an additional 13 shares during the period. Concurrent Investment Advisors LLC raised its position in shares of United Rentals by 3.2% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 453 shares of the construction company’s stock valued at $367,000 after acquiring an additional 14 shares during the last quarter. Finally, Adell Harriman & Carpenter Inc. lifted its stake in shares of United Rentals by 1.8% in the 4th quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company’s stock valued at $573,000 after purchasing an additional 14 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

URI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Truist Financial reissued a “buy” rating and set a $956.00 price objective (down previously from $963.00) on shares of United Rentals in a research report on Friday, January 31st. Argus upped their price objective on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Evercore ISI dropped their target price on United Rentals from $1,004.00 to $974.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Citigroup cut their target price on 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $829.00.

United Rentals Stock Down 5.5 %

United Rentals stock opened at $656.42 on Friday. The firm has a 50 day moving average price of $731.32 and a 200-day moving average price of $769.34. United Rentals, Inc. has a twelve month low of $596.48 and a twelve month high of $896.98. The company has a market capitalization of $42.87 billion, a P/E ratio of 16.94, a P/E/G ratio of 1.46 and a beta of 1.68. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42.

United Rentals (NYSE:URI) last issued its quarterly 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 return on equity of 34.21% and a net margin of 16.78%. As a group, equities analysts predict that United Rentals, Inc. will post 44.93 EPS for the current year.

United Rentals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be issued a $1.79 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a yield of 1.09%. United Rentals’s dividend payout ratio (DPR) 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.