Paradigm Asset Management Co. LLC Sells 1,400 Shares of United Rentals, Inc. (NYSE:URI)

Paradigm Asset Management Co. LLC trimmed its holdings in shares of United Rentals, Inc. (NYSE:URI) by 68.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 658 shares of the construction company’s stock after selling 1,400 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in United Rentals were worth $464,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of URI. ORG Wealth Partners LLC bought a new stake in United Rentals in the fourth quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of United Rentals during the 3rd quarter worth approximately $31,000. Carmichael Hill & Associates Inc. raised its holdings in shares of United Rentals by 80.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after purchasing an additional 20 shares during the period. Hanson & Doremus Investment Management purchased a new position in United Rentals in the fourth quarter valued at approximately $33,000. Finally, Kestra Investment Management LLC purchased a new position in United Rentals in the fourth quarter valued at approximately $34,000. 96.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on URI. Truist Financial restated a “buy” rating and issued a $956.00 target price (down from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Argus boosted their price objective on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Citigroup cut 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 report on Tuesday, January 14th. JPMorgan Chase & Co. boosted their price target on shares of United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, Evercore ISI dropped their price target on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $829.00.

United Rentals Stock Performance

United Rentals stock opened at $656.42 on Friday. United Rentals, Inc. has a 1-year low of $596.48 and a 1-year high of $896.98. 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 firm has a market capitalization of $42.87 billion, a PE ratio of 16.94, a price-to-earnings-growth ratio of 1.43 and a beta of 1.68. The firm’s 50 day simple moving average is $731.32 and its 200 day simple moving average is $769.34.

United Rentals (NYSE:URI) last announced its earnings results 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 return on equity of 34.21% and a net margin of 16.78%. As a group, analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be given a dividend of $1.79 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a yield of 1.09%. United Rentals’s 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.