Forvis Mazars Wealth Advisors LLC Reduces Stock Holdings in United Rentals, Inc. (NYSE:URI)

Forvis Mazars Wealth Advisors LLC reduced its stake in shares of United Rentals, Inc. (NYSE:URI) by 6.7% during the fourth quarter, Holdings Channel reports. The firm owned 4,217 shares of the construction company’s stock after selling 302 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in United Rentals were worth $2,971,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Howard Capital Management Inc. raised its position in shares of United Rentals by 4.6% in the 4th quarter. Howard Capital Management Inc. now owns 412 shares of the construction company’s stock worth $290,000 after acquiring an additional 18 shares in the last quarter. WESPAC Advisors LLC raised its holdings in United Rentals by 2.5% in the fourth quarter. WESPAC Advisors LLC now owns 1,186 shares of the construction company’s stock worth $835,000 after purchasing an additional 29 shares in the last quarter. Fisher Funds Management LTD bought a new position in United Rentals in the fourth quarter worth $14,481,000. Hudson Edge Investment Partners Inc. boosted its holdings in shares of United Rentals by 0.8% during the 4th quarter. Hudson Edge Investment Partners Inc. now owns 8,327 shares of the construction company’s stock valued at $5,866,000 after buying an additional 70 shares in the last quarter. Finally, Arcadia Investment Management Corp MI boosted its holdings in shares of United Rentals by 0.4% during the 4th quarter. Arcadia Investment Management Corp MI now owns 4,787 shares of the construction company’s stock valued at $3,372,000 after buying an additional 20 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors.

United Rentals Price Performance

NYSE URI opened at $656.42 on Monday. 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 $42.87 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 1.43 and a beta of 1.68. The stock has a 50-day moving average of $731.32 and a 200 day moving average of $770.71. United Rentals, Inc. has a one year low of $596.48 and a one year high of $896.98.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. On average, sell-side analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be paid a $1.79 dividend. This is an increase from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Wednesday, February 12th. United Rentals’s dividend payout ratio (DPR) is 18.48%.

Analysts Set New Price Targets

URI has been the subject of a number of recent research reports. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. lifted their target price on shares of 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 restated a “buy” rating and issued a $956.00 price target (down previously from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Argus lifted their price objective on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Robert W. Baird raised United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price on the stock in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $829.00.

About United Rentals

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.