Supplemental Annuity Collective Trust of NJ Has $2.40 Million Holdings in United Rentals, Inc. (NYSE:URI)

Supplemental Annuity Collective Trust of NJ cut its stake in shares of United Rentals, Inc. (NYSE:URI) by 12.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 3,400 shares of the construction company’s stock after selling 500 shares during the quarter. United Rentals comprises approximately 0.7% of Supplemental Annuity Collective Trust of NJ’s investment portfolio, making the stock its 24th largest holding. Supplemental Annuity Collective Trust of NJ’s holdings in United Rentals were worth $2,395,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in URI. Mayflower Financial Advisors LLC lifted its stake in United Rentals by 4.0% in the third quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock valued at $274,000 after buying an additional 13 shares during the period. Allen Capital Group LLC raised its holdings in shares of United Rentals by 4.2% during the third quarter. Allen Capital Group LLC now owns 324 shares of the construction company’s stock valued at $262,000 after purchasing an additional 13 shares during the period. First County Bank CT raised its stake in United Rentals by 3.2% during the 3rd quarter. First County Bank CT now owns 422 shares of the construction company’s stock worth $342,000 after buying an additional 13 shares during the period. Concurrent Investment Advisors LLC raised its stake in United Rentals by 3.2% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 453 shares of the construction company’s stock worth $367,000 after buying an additional 14 shares during the period. Finally, Resonant Capital Advisors LLC raised its stake in United Rentals by 3.3% during the 3rd quarter. Resonant Capital Advisors LLC now owns 474 shares of the construction company’s stock worth $384,000 after buying an additional 15 shares during the period. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Stock Performance

Shares of United Rentals stock opened at $729.59 on Friday. The firm has a market cap of $47.65 billion, a P/E ratio of 18.83, a P/E/G ratio of 1.54 and a beta of 1.68. The stock’s fifty day moving average price is $743.13 and its 200-day moving average price is $769.56. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a 12 month low of $596.48 and a 12 month high of $896.98.

United Rentals (NYSE:URI) last released its quarterly earnings data 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%. On average, equities research analysts expect that United Rentals, Inc. will post 44.93 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be given a dividend of $1.79 per share. This is a boost from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Wednesday, February 12th. United Rentals’s payout ratio is 16.83%.

Wall Street Analyst Weigh In

URI has been the topic of a number of research reports. Morgan Stanley lowered their target price on United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. 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. 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. Citigroup reduced 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 report on Tuesday, January 14th. Finally, Barclays increased their price target on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $814.08.

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.