Savant Capital LLC increased its stake in shares of United Rentals, Inc. (NYSE:URI – Free Report) by 6.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,401 shares of the construction company’s stock after buying an additional 81 shares during the quarter. Savant Capital LLC’s holdings in United Rentals were worth $987,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of URI. ORG Wealth Partners LLC bought a new stake in shares of United Rentals in the 4th quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in United Rentals during the third quarter worth about $31,000. Hanson & Doremus Investment Management bought a new stake in United Rentals in the 4th quarter worth about $33,000. Carmichael Hill & Associates Inc. increased its stake in United Rentals by 80.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock valued at $36,000 after buying an additional 20 shares during the last quarter. Finally, HM Payson & Co. bought a new position in shares of United Rentals during the 3rd quarter worth approximately $41,000. 96.26% of the stock is owned by hedge funds and other institutional investors.
United Rentals Trading Up 1.6 %
Shares of URI stock opened at $741.10 on Friday. The stock has a market capitalization of $48.40 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 1.54 and a beta of 1.68. The company’s fifty day simple moving average is $740.77 and its two-hundred day simple moving average is $769.54. United Rentals, Inc. has a 1 year low of $596.48 and a 1 year high of $896.98. 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 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 $1.79 dividend. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Wednesday, February 12th. United Rentals’s dividend payout ratio (DPR) is 16.83%.
Analyst Upgrades and Downgrades
URI has been the subject of a number of research analyst reports. Barclays increased their price target on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Morgan Stanley cut their price target on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. raised their price objective on shares of United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, Argus increased their target price on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, United Rentals has an average rating of “Moderate Buy” and an average price target of $814.08.
View Our Latest Research Report on United Rentals
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.
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