Edgemoor Investment Advisors Inc. Has $52.09 Million Stock Holdings in United Rentals, Inc. (NYSE:URI)

Edgemoor Investment Advisors Inc. lessened its position in United Rentals, Inc. (NYSE:URI) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,941 shares of the construction company’s stock after selling 2,089 shares during the period. United Rentals comprises about 4.6% of Edgemoor Investment Advisors Inc.’s portfolio, making the stock its 4th largest holding. Edgemoor Investment Advisors Inc.’s holdings in United Rentals were worth $52,088,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. TCTC Holdings LLC bought a new position in shares of United Rentals in the 4th quarter valued at about $42,000. Signaturefd LLC grew its position in shares of United Rentals by 15.9% in the 4th quarter. Signaturefd LLC now owns 1,767 shares of the construction company’s stock valued at $1,245,000 after acquiring an additional 243 shares during the period. Parallel Advisors LLC grew its position in shares of United Rentals by 2.6% in the 4th quarter. Parallel Advisors LLC now owns 1,440 shares of the construction company’s stock valued at $1,014,000 after acquiring an additional 37 shares during the period. Cibc World Markets Corp grew its position in shares of United Rentals by 15.4% in the 4th quarter. Cibc World Markets Corp now owns 10,405 shares of the construction company’s stock valued at $7,330,000 after acquiring an additional 1,390 shares during the period. Finally, SlateStone Wealth LLC grew its position in shares of United Rentals by 5.2% in the 4th quarter. SlateStone Wealth LLC now owns 5,749 shares of the construction company’s stock valued at $4,050,000 after acquiring an additional 286 shares during the period. 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 the firm’s 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 sale, the chief financial officer now directly owns 6,880 shares of the company’s stock, valued at $4,390,128. This trade represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.53% of the stock is currently owned by insiders.

United Rentals Price Performance

NYSE URI opened at $623.35 on Monday. United Rentals, Inc. has a 52 week low of $585.27 and a 52 week high of $896.98. The company has a market cap of $40.71 billion, a PE ratio of 16.09, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76. 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’s 50-day simple moving average is $701.71 and its two-hundred day simple moving average is $760.67.

United Rentals (NYSE:URI) last announced its earnings results 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 net margin of 16.78% and a return on equity of 34.21%. Research analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were 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 yield of 1.15%. The ex-dividend date was Wednesday, February 12th. United Rentals’s dividend payout ratio (DPR) is currently 18.48%.

Analyst Ratings Changes

A number of research firms have recently issued reports on URI. Truist Financial restated a “buy” rating and set a $956.00 target price (down previously from $963.00) on shares of United Rentals in a research note on Friday, January 31st. JPMorgan Chase & Co. raised their target price on shares of United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Argus raised their target price on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Morgan Stanley cut their target price on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Finally, 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently 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.