Dana Investment Advisors Inc. Lowers Stock Holdings in United Rentals, Inc. (NYSE:URI)

Dana Investment Advisors Inc. lowered its holdings in shares of United Rentals, Inc. (NYSE:URI) by 6.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,471 shares of the construction company’s stock after selling 170 shares during the quarter. Dana Investment Advisors Inc.’s holdings in United Rentals were worth $1,741,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new position in shares of United Rentals during the fourth quarter valued at approximately $171,733,000. JPMorgan Chase & Co. raised its holdings in shares of United Rentals by 15.4% during the third quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company’s stock valued at $637,968,000 after acquiring an additional 105,287 shares during the last quarter. FMR LLC raised its holdings in shares of United Rentals by 3.7% during the third quarter. FMR LLC now owns 2,416,568 shares of the construction company’s stock valued at $1,956,768,000 after acquiring an additional 85,325 shares during the last quarter. National Pension Service raised its holdings in shares of United Rentals by 79.8% during the fourth quarter. National Pension Service now owns 167,813 shares of the construction company’s stock valued at $118,214,000 after acquiring an additional 74,479 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of United Rentals by 10.5% in the third quarter. The Manufacturers Life Insurance Company now owns 704,145 shares of the construction company’s stock valued at $570,167,000 after purchasing an additional 66,957 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Trading Up 0.4 %

Shares of United Rentals stock opened at $628.63 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The firm has a market cap of $41.05 billion, a PE ratio of 16.22, a P/E/G ratio of 1.43 and a beta of 1.76. The business’s fifty day moving average is $712.93 and its two-hundred day moving average is $765.21. United Rentals, Inc. has a fifty-two week low of $585.27 and a fifty-two week high of $896.98.

United Rentals (NYSE:URI) last issued its earnings results 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%. Analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a $1.79 dividend. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Wednesday, February 12th. United Rentals’s dividend payout ratio (DPR) is 18.48%.

Analysts Set New Price Targets

URI has been the subject of a number of recent research reports. Morgan Stanley decreased their target price on United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. Robert W. Baird raised United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price for the company in a report on Tuesday, January 14th. Truist Financial reissued a “buy” rating and issued a $956.00 target price (down from $963.00) on shares of United Rentals in a report on Friday, January 31st. JPMorgan Chase & Co. upped their price objective on United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, Evercore ISI reduced their price objective on United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $829.00.

Insider Buying and Selling

In related news, CFO William E. Grace sold 1,100 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the transaction, the chief financial officer now directly owns 6,880 shares of the company’s stock, valued at approximately $4,390,128. This trade represents a 13.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.53% of the company’s stock.

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.