United Rentals, Inc. (NYSE:URI) Shares Bought by Access Investment Management LLC

Access Investment Management LLC boosted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 0.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,830 shares of the construction company’s stock after purchasing an additional 25 shares during the period. United Rentals comprises approximately 6.5% of Access Investment Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Access Investment Management LLC’s holdings in United Rentals were worth $22,422,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC acquired a new position in United Rentals during the fourth quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of United Rentals in the third quarter worth about $31,000. Carmichael Hill & Associates Inc. raised its position in shares of United Rentals by 80.0% in the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after acquiring an additional 20 shares during the period. Hanson & Doremus Investment Management acquired a new position in shares of United Rentals in the fourth quarter worth about $33,000. Finally, Kestra Investment Management LLC acquired a new position in shares of United Rentals in the fourth quarter worth about $34,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

URI has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Truist Financial reiterated a “buy” rating and issued a $956.00 price objective (down previously from $963.00) on shares of United Rentals in a research report on Friday, January 31st. Citigroup decreased their price objective 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. Argus upped their price objective 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. Finally, Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. One equities research 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $829.00.

United Rentals Stock Down 5.5 %

Shares of NYSE URI opened at $656.42 on Friday. United Rentals, Inc. has a 12-month low of $596.48 and a 12-month high of $896.98. The stock 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. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The company has a 50-day moving average of $731.32 and a 200 day moving average of $769.95.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) 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%. As a group, sell-side analysts predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 1.09%. The ex-dividend date is Wednesday, February 12th. This is a boost from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio is currently 18.48%.

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.