Financial Counselors Inc. Increases Position in United Rentals, Inc. (NYSE:URI)

Financial Counselors Inc. lifted its holdings in United Rentals, Inc. (NYSE:URI) by 15.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,657 shares of the construction company’s stock after buying an additional 902 shares during the quarter. Financial Counselors Inc.’s holdings in United Rentals were worth $4,689,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Rialto Wealth Management LLC purchased a new stake in United Rentals in the fourth quarter worth $25,000. ORG Wealth Partners LLC bought a new position in shares of United Rentals during the 4th quarter worth $26,000. Murphy & Mullick Capital Management Corp bought a new position in United Rentals during the 4th quarter worth about $27,000. Hanson & Doremus Investment Management purchased a new position in United Rentals during the 4th quarter valued at about $33,000. Finally, Kestra Investment Management LLC bought a new stake in shares of United Rentals in the 4th quarter valued at about $34,000. 96.26% of the stock is owned by institutional investors.

Insider Activity at United Rentals

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $638.10, for a total transaction of $701,910.00. Following the completion of the transaction, the chief financial officer now directly owns 6,880 shares in the company, valued at approximately $4,390,128. This represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.53% of the stock is owned by corporate insiders.

United Rentals Stock Down 1.9 %

URI stock opened at $641.30 on Thursday. The firm’s fifty day moving average is $692.06 and its 200 day moving average is $755.82. The firm has a market cap of $41.88 billion, a PE ratio of 16.55, a P/E/G ratio of 1.43 and a beta of 1.76. United Rentals, Inc. has a one year low of $585.27 and a one year high of $896.98. 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 announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing the consensus estimate 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, research analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a dividend of $1.79 per share. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.12%. United Rentals’s dividend payout ratio (DPR) is 18.48%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on URI. Morgan Stanley dropped their price objective on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Truist Financial reaffirmed a “buy” rating and set a $956.00 target price (down previously from $963.00) on shares of United Rentals in a research report on Friday, January 31st. Citigroup reduced their price target on United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Bank of America dropped their price objective on United Rentals from $850.00 to $750.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Finally, Sanford C. Bernstein upgraded shares of United Rentals from an “underperform” rating to a “market perform” rating and reduced their target price for the stock from $705.00 to $666.00 in a report on Tuesday. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $804.15.

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.