Global Retirement Partners LLC Purchases 17 Shares of United Rentals, Inc. (NYSE:URI)

Global Retirement Partners LLC grew its holdings in shares of United Rentals, Inc. (NYSE:URI) by 4.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 395 shares of the construction company’s stock after purchasing an additional 17 shares during the quarter. Global Retirement Partners LLC’s holdings in United Rentals were worth $278,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of URI. ORG Wealth Partners LLC purchased a new stake in shares of United Rentals during the 4th quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of United Rentals during the third quarter worth $31,000. Carmichael Hill & Associates Inc. boosted its holdings in shares of United Rentals by 80.0% in the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after acquiring an additional 20 shares during the period. Hanson & Doremus Investment Management bought a new position in shares of United Rentals in the fourth quarter worth $33,000. Finally, Kestra Investment Management LLC purchased a new position in shares of United Rentals in the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Stock Down 4.3 %

URI opened at $629.17 on Tuesday. 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 business’s fifty day simple moving average is $728.61 and its 200 day simple moving average is $770.29. United Rentals, Inc. has a 52 week low of $596.48 and a 52 week high of $896.98. The stock has a market cap of $41.09 billion, a PE ratio of 16.24, a P/E/G ratio of 1.43 and a beta of 1.68.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share 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, research analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The company also recently declared 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. This represents a $7.16 dividend on an annualized basis and a yield of 1.14%. 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. United Rentals’s dividend payout ratio (DPR) is 18.48%.

Analyst Upgrades and Downgrades

URI has been the topic of a number of recent research reports. Citigroup dropped their price objective on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. JPMorgan Chase & Co. increased their price target on shares of United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Truist Financial reaffirmed a “buy” rating and set a $956.00 price objective (down previously from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target for the company in a research report on Tuesday, January 14th. One equities 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $829.00.

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.