Access Investment Management LLC Has $22.42 Million Stake in United Rentals, Inc. (NYSE:URI)

Access Investment Management LLC grew its stake in shares of United Rentals, Inc. (NYSE:URI) by 0.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,830 shares of the construction company’s stock after acquiring 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Howard Capital Management Inc. increased its holdings in United Rentals by 4.6% during the fourth quarter. Howard Capital Management Inc. now owns 412 shares of the construction company’s stock valued at $290,000 after buying an additional 18 shares during the period. WESPAC Advisors LLC increased its holdings in United Rentals by 2.5% during the fourth quarter. WESPAC Advisors LLC now owns 1,186 shares of the construction company’s stock valued at $835,000 after buying an additional 29 shares during the period. Fisher Funds Management LTD purchased a new position in United Rentals during the fourth quarter valued at approximately $14,481,000. Hudson Edge Investment Partners Inc. increased its holdings in United Rentals by 0.8% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 8,327 shares of the construction company’s stock valued at $5,866,000 after buying an additional 70 shares during the period. Finally, Arcadia Investment Management Corp MI increased its holdings in United Rentals by 0.4% during the fourth quarter. Arcadia Investment Management Corp MI now owns 4,787 shares of the construction company’s stock valued at $3,372,000 after buying an additional 20 shares during the period. Institutional investors own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Evercore ISI cut their price objective on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating on the stock in a report on Wednesday. Argus lifted their price objective on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Truist Financial reaffirmed a “buy” rating and issued a $956.00 price target (down from $963.00) on shares of United Rentals in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. lifted their price target 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $829.00.

United Rentals Price Performance

Shares of URI opened at $656.42 on Friday. 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 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, Inc. has a 1-year low of $596.48 and a 1-year high of $896.98. The company’s fifty day moving average price is $731.32 and its 200-day moving average price is $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 for the quarter, missing analysts’ consensus estimates 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, equities research analysts predict that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be issued 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 dividend on an annualized basis and a dividend yield of 1.09%. United Rentals’s payout ratio is 18.48%.

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.