United Rentals, Inc. (NYSE:URI) Stake Increased by Klingman & Associates LLC

Klingman & Associates LLC increased its stake in United Rentals, Inc. (NYSE:URI) by 2.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 669 shares of the construction company’s stock after acquiring an additional 15 shares during the quarter. Klingman & Associates LLC’s holdings in United Rentals were worth $471,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Kestra Investment Management LLC bought a new stake in shares of United Rentals in the fourth quarter worth $34,000. Venturi Wealth Management LLC increased its stake in shares of United Rentals by 12.2% in the fourth quarter. Venturi Wealth Management LLC now owns 20,539 shares of the construction company’s stock worth $14,468,000 after buying an additional 2,227 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of United Rentals by 3.3% in the fourth quarter. CIBC Asset Management Inc now owns 10,054 shares of the construction company’s stock worth $7,082,000 after buying an additional 325 shares during the last quarter. Pittenger & Anderson Inc. bought a new stake in shares of United Rentals in the fourth quarter worth $626,000. Finally, Human Investing LLC bought a new stake in United Rentals during the fourth quarter valued at $149,000. Institutional investors own 96.26% of the company’s stock.

Analysts Set New Price Targets

URI has been the subject of several recent research reports. Argus boosted their target price on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Citigroup lowered their target price on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Truist Financial reiterated a “buy” rating and set a $956.00 target price (down previously from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Morgan Stanley lowered their target price on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Finally, Bank of America boosted their target price on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $814.08.

United Rentals Stock Down 2.7 %

United Rentals stock opened at $721.61 on Wednesday. The firm has a market capitalization of $47.13 billion, a P/E ratio of 18.62, a P/E/G ratio of 1.52 and a beta of 1.68. The company has a 50-day simple moving average of $737.38 and a 200-day simple moving average of $770.38. United Rentals, Inc. has a one year low of $596.48 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 posted its quarterly earnings data 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 return on equity of 34.21% and a net margin of 16.78%. As a group, equities analysts expect that United Rentals, Inc. will post 44.93 earnings per share for the current year.

United Rentals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be issued a $1.79 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $7.16 annualized dividend and a yield of 0.99%. This is an increase from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio is presently 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.