Hemington Wealth Management Grows Stock Holdings in United Rentals, Inc. (NYSE:URI)

Hemington Wealth Management raised its position in shares of United Rentals, Inc. (NYSE:URI) by 19.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 97 shares of the construction company’s stock after buying an additional 16 shares during the period. Hemington Wealth Management’s holdings in United Rentals were worth $68,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of URI. Brookstone Capital Management purchased a new position in shares of United Rentals in the 3rd quarter valued at approximately $208,000. Procyon Advisors LLC raised its position in shares of United Rentals by 2.9% in the 3rd quarter. Procyon Advisors LLC now owns 741 shares of the construction company’s stock valued at $600,000 after purchasing an additional 21 shares during the last quarter. CX Institutional raised its position in shares of United Rentals by 3.2% in the 3rd quarter. CX Institutional now owns 515 shares of the construction company’s stock valued at $417,000 after purchasing an additional 16 shares during the last quarter. Creative Planning increased its holdings in United Rentals by 7.9% in the 3rd quarter. Creative Planning now owns 13,046 shares of the construction company’s stock worth $10,563,000 after buying an additional 959 shares during the period. Finally, Magnus Financial Group LLC increased its holdings in United Rentals by 6.9% in the 3rd quarter. Magnus Financial Group LLC now owns 388 shares of the construction company’s stock worth $314,000 after buying an additional 25 shares during the period. 96.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

URI has been the topic of several research 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. Barclays increased their price target on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. Citigroup cut their price target on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Argus increased their price target 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. Finally, Truist Financial reiterated a “buy” rating and issued a $956.00 price target (down previously from $963.00) on shares of United Rentals in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $814.08.

United Rentals Price Performance

United Rentals stock opened at $734.83 on Thursday. The company’s fifty day moving average price is $745.64 and its 200 day moving average price is $769.84. United Rentals, Inc. has a 1 year low of $596.48 and a 1 year high of $896.98. The stock has a market capitalization of $47.99 billion, a P/E ratio of 18.96, a P/E/G ratio of 1.54 and a beta of 1.68. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) 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%. As a group, equities research analysts anticipate that United Rentals, Inc. will post 44.93 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be paid a $1.79 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a yield of 0.97%. This is a boost from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio (DPR) is currently 16.83%.

United Rentals 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.