HighTower Advisors LLC Has $43.13 Million Holdings in United Rentals, Inc. (NYSE:URI)

HighTower Advisors LLC boosted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 0.1% in the fourth quarter, HoldingsChannel reports. The fund owned 61,226 shares of the construction company’s stock after buying an additional 68 shares during the quarter. HighTower Advisors LLC’s holdings in United Rentals were worth $43,130,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of URI. Assetmark Inc. boosted its position in United Rentals by 7.0% during the 3rd quarter. Assetmark Inc. now owns 1,446 shares of the construction company’s stock worth $1,171,000 after acquiring an additional 95 shares during the period. Axxcess Wealth Management LLC acquired a new stake in shares of United Rentals during the 3rd quarter valued at about $440,000. Ashton Thomas Securities LLC acquired a new stake in shares of United Rentals during the 3rd quarter valued at about $61,000. Apollon Wealth Management LLC lifted its holdings in shares of United Rentals by 18.1% during the 3rd quarter. Apollon Wealth Management LLC now owns 1,416 shares of the construction company’s stock valued at $1,147,000 after buying an additional 217 shares during the last quarter. Finally, Harbour Investments Inc. lifted its holdings in shares of United Rentals by 7.4% during the 3rd quarter. Harbour Investments Inc. now owns 1,560 shares of the construction company’s stock valued at $1,263,000 after buying an additional 107 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other United Rentals news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction that occurred on Monday, February 24th. The stock was 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 of the company’s stock, valued at $4,390,128. The trade was a 13.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

URI has been the subject of several research reports. Citigroup reduced their price target on United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Truist Financial reiterated a “buy” rating and set a $956.00 price target (down from $963.00) on shares of United Rentals in a report on Friday, January 31st. Morgan Stanley reduced their price target on United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Argus raised their price objective on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $829.00.

United Rentals Stock Performance

Shares of NYSE URI opened at $593.07 on Friday. 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 business’s 50 day moving average is $705.09 and its two-hundred day moving average is $762.28. The company has a market cap of $38.73 billion, a P/E ratio of 15.31, a P/E/G ratio of 1.43 and a beta of 1.76. United Rentals, Inc. has a 12 month low of $585.27 and a 12 month high of $896.98.

United Rentals (NYSE:URI) last issued 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 return on equity of 34.21% and a net margin of 16.78%. On average, equities analysts expect that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a $1.79 dividend. 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 1.21%. 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.