Dorsey & Whitney Trust CO LLC Boosts Stake in United Rentals, Inc. (NYSE:URI)

Dorsey & Whitney Trust CO LLC grew its position in shares of United Rentals, Inc. (NYSE:URI) by 3.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 568 shares of the construction company’s stock after acquiring an additional 20 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in United Rentals were worth $400,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rialto Wealth Management LLC purchased a new position in shares of United Rentals during the 4th quarter worth approximately $25,000. PCJ Investment Counsel Ltd. grew its holdings in shares of United Rentals by 23.6% during the 4th quarter. PCJ Investment Counsel Ltd. now owns 11,090 shares of the construction company’s stock worth $7,812,000 after acquiring an additional 2,120 shares during the period. Banco Santander S.A. purchased a new position in shares of United Rentals during the 4th quarter worth approximately $218,000. Andra AP fonden grew its holdings in shares of United Rentals by 5.0% during the 4th quarter. Andra AP fonden now owns 25,200 shares of the construction company’s stock worth $17,752,000 after acquiring an additional 1,200 shares during the period. Finally, Edgestream Partners L.P. purchased a new position in shares of United Rentals during the 4th quarter worth approximately $4,530,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. 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. Truist Financial restated a “buy” rating and issued a $956.00 price target (down previously from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Evercore ISI cut their price target on United Rentals from $1,004.00 to $974.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. Finally, Citigroup cut their price target on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, United Rentals presently has an average rating of “Moderate Buy” and an average price target of $829.00.

United Rentals Stock Down 4.5 %

United Rentals stock opened at $600.34 on Tuesday. The firm has a market cap of $39.21 billion, a price-to-earnings ratio of 15.49, a PEG ratio of 1.43 and a beta of 1.76. United Rentals, Inc. has a 12 month low of $585.27 and a 12 month 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 stock has a fifty day simple moving average of $709.06 and a two-hundred day simple moving average of $764.37.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) 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%. Equities analysts predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a $1.79 dividend. This is an increase 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 1.19%. The ex-dividend date of this dividend was Wednesday, February 12th. United Rentals’s dividend payout ratio (DPR) is 18.48%.

Insider Transactions at United Rentals

In related news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction on Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the transaction, the chief financial officer now directly owns 6,880 shares in the company, valued at approximately $4,390,128. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.53% of the company’s stock.

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.