Fisher Funds Management LTD Takes Position in United Rentals, Inc. (NYSE:URI)

Fisher Funds Management LTD purchased a new position in United Rentals, Inc. (NYSE:URI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 20,598 shares of the construction company’s stock, valued at approximately $14,481,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC purchased a new position in shares of United Rentals during the fourth quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in United Rentals in the third quarter worth approximately $31,000. Hanson & Doremus Investment Management purchased a new position in United Rentals during the 4th quarter worth $33,000. Kestra Investment Management LLC bought a new stake in United Rentals during the 4th quarter valued at $34,000. Finally, Carmichael Hill & Associates Inc. lifted 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 buying an additional 20 shares during the period. Institutional investors own 96.26% of the company’s stock.

Analyst Ratings Changes

URI has been the topic of several research reports. Morgan Stanley cut their price target on 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. Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target for the company in a report on Tuesday, January 14th. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Citigroup cut their price objective on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, Evercore ISI lowered their target price on United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, United Rentals has an average rating of “Moderate Buy” and a consensus target price of $829.00.

United Rentals Stock Performance

Shares of URI opened at $656.42 on Friday. 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 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. United Rentals, Inc. has a 12 month low of $596.48 and a 12 month high of $896.98. The stock has a fifty day moving average price of $731.32 and a 200-day moving average price of $769.95.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS 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%. Equities research analysts predict 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. This represents a $7.16 annualized dividend and a yield of 1.09%. The ex-dividend date is Wednesday, February 12th. This is an increase from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s 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.