44 Wealth Management LLC Has $2.98 Million Stake in United Rentals, Inc. (NYSE:URI)

44 Wealth Management LLC decreased its position in United Rentals, Inc. (NYSE:URI) by 9.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,225 shares of the construction company’s stock after selling 436 shares during the period. United Rentals comprises about 1.1% of 44 Wealth Management LLC’s investment portfolio, making the stock its 15th biggest holding. 44 Wealth Management LLC’s holdings in United Rentals were worth $2,976,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of URI. Sequoia Financial Advisors LLC raised its holdings in United Rentals by 11.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,346 shares of the construction company’s stock worth $1,090,000 after acquiring an additional 140 shares during the period. Eastern Bank bought a new stake in United Rentals in the third quarter valued at about $56,000. Commerzbank Aktiengesellschaft FI increased its stake in United Rentals by 30.3% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 465 shares of the construction company’s stock valued at $377,000 after acquiring an additional 108 shares during the period. Greenleaf Trust increased its stake in United Rentals by 1.2% in the third quarter. Greenleaf Trust now owns 1,649 shares of the construction company’s stock valued at $1,335,000 after acquiring an additional 20 shares during the period. Finally, Brighton Jones LLC boosted its position in United Rentals by 13.6% in the third quarter. Brighton Jones LLC now owns 476 shares of the construction company’s stock valued at $386,000 after buying an additional 57 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Stock Down 5.5 %

NYSE:URI opened at $656.42 on Friday. The firm’s 50 day simple moving average is $731.32 and its 200 day simple moving average is $769.34. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. United Rentals, Inc. has a one year low of $596.48 and a one year high of $896.98. The company has a market cap of $42.87 billion, a PE ratio of 16.94, a P/E/G ratio of 1.43 and a beta of 1.68.

United Rentals (NYSE:URI) last posted its 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 return on equity of 34.21% and a net margin of 16.78%. On average, research 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 announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be given a dividend of $1.79 per share. The ex-dividend date is 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 yield of 1.09%. United Rentals’s dividend payout ratio (DPR) is currently 18.48%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Argus upped 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. 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. Evercore ISI reduced their target price on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a report on Wednesday. Citigroup cut their price target on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Finally, 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. One investment 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $829.00.

About United Rentals

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.