Parallel Advisors LLC Has $1.01 Million Holdings in United Rentals, Inc. (NYSE:URI)

Parallel Advisors LLC grew its holdings in United Rentals, Inc. (NYSE:URI) by 2.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,440 shares of the construction company’s stock after acquiring an additional 37 shares during the quarter. Parallel Advisors LLC’s holdings in United Rentals were worth $1,014,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in URI. GSA Capital Partners LLP raised its holdings in shares of United Rentals by 54.2% in the third quarter. GSA Capital Partners LLP now owns 589 shares of the construction company’s stock valued at $477,000 after purchasing an additional 207 shares during the last quarter. OneDigital Investment Advisors LLC increased its holdings in United Rentals by 3.2% during the third quarter. OneDigital Investment Advisors LLC now owns 650 shares of the construction company’s stock worth $526,000 after buying an additional 20 shares during the last quarter. Quest Partners LLC increased its holdings in United Rentals by 4.5% during the third quarter. Quest Partners LLC now owns 890 shares of the construction company’s stock worth $721,000 after buying an additional 38 shares during the last quarter. Caprock Group LLC increased its holdings in United Rentals by 4.2% during the third quarter. Caprock Group LLC now owns 4,507 shares of the construction company’s stock worth $3,650,000 after buying an additional 183 shares during the last quarter. Finally, Prospera Financial Services Inc increased its holdings in United Rentals by 20.1% during the third quarter. Prospera Financial Services Inc now owns 933 shares of the construction company’s stock worth $756,000 after buying an additional 156 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

URI has been the topic of a number of recent analyst reports. Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Argus boosted their target price on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Truist Financial restated a “buy” rating and set a $956.00 target price (down from $963.00) on shares of United Rentals in a report on Friday, January 31st. Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price on the stock in a report on Tuesday, January 14th. Finally, Morgan Stanley reduced their price objective on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, United Rentals has a consensus rating of “Moderate Buy” and a consensus price target of $829.00.

United Rentals Trading Up 3.0 %

URI stock opened at $627.42 on Thursday. 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’s 50-day simple moving average is $698.05 and its 200 day simple moving average is $758.05. United Rentals, Inc. has a 52 week low of $585.27 and a 52 week high of $896.98. The company has a market capitalization of $40.97 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS 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%. As a group, sell-side analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a $1.79 dividend. The ex-dividend date was Wednesday, February 12th. This is an increase from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a dividend yield of 1.14%. United Rentals’s dividend payout ratio is 18.48%.

Insider Activity at United Rentals

In related news, CFO William E. Grace sold 1,100 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $638.10, for a total value of $701,910.00. Following the transaction, the chief financial officer now directly owns 6,880 shares in the company, valued at approximately $4,390,128. This represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.53% of the stock is currently owned by corporate insiders.

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.