Atria Investments Inc Has $2.15 Million Stock Holdings in United Rentals, Inc. (NYSE:URI)

Atria Investments Inc decreased its holdings in United Rentals, Inc. (NYSE:URI) by 4.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 3,048 shares of the construction company’s stock after selling 130 shares during the quarter. Atria Investments Inc’s holdings in United Rentals were worth $2,147,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in URI. ORG Wealth Partners LLC bought a new position in United Rentals in the 4th quarter valued at about $26,000. Hanson & Doremus Investment Management bought a new position in United Rentals in the 4th quarter valued at about $33,000. Kestra Investment Management LLC bought a new position in United Rentals in the 4th quarter valued at about $34,000. CarsonAllaria Wealth Management Ltd. bought a new position in United Rentals in the 4th quarter valued at about $42,000. Finally, J.Safra Asset Management Corp bought a new position in United Rentals in the 4th quarter valued at about $55,000. Institutional investors own 96.26% of the company’s stock.

Insider Activity at United Rentals

In related news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $638.10, for a total value of $701,910.00. Following the completion of the transaction, the chief financial officer now directly owns 6,880 shares in the company, valued at approximately $4,390,128. The trade was a 13.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.53% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

URI has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price target on shares of United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Morgan Stanley dropped their target price on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. 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. Truist Financial reissued a “buy” rating and set a $956.00 target price (down previously from $963.00) on shares of United Rentals in a research report on Friday, January 31st. Finally, Argus lifted their target price on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $829.00.

United Rentals Trading Up 0.4 %

NYSE:URI opened at $628.63 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $41.05 billion, a PE ratio of 16.22, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76. The firm’s 50 day moving average is $711.17 and its 200 day moving average is $765.19. United Rentals, Inc. has a 12 month low of $585.27 and a 12 month high of $896.98.

United Rentals (NYSE:URI) last posted 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%. Sell-side analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 1.14%. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date was Wednesday, February 12th. United Rentals’s payout ratio is currently 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.