Moors & Cabot Inc. Has $12.64 Million Holdings in United Rentals, Inc. (NYSE:URI)

Moors & Cabot Inc. increased its position in shares of United Rentals, Inc. (NYSE:URI) by 2.1% during the fourth quarter, Holdings Channel reports. The fund owned 17,944 shares of the construction company’s stock after acquiring an additional 364 shares during the quarter. Moors & Cabot Inc.’s holdings in United Rentals were worth $12,641,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Rialto Wealth Management LLC acquired a new stake in shares of United Rentals during the fourth quarter valued at approximately $25,000. ORG Wealth Partners LLC acquired a new stake in shares of United Rentals during the fourth quarter valued at approximately $26,000. Hanson & Doremus Investment Management acquired a new stake in shares of United Rentals during the fourth quarter valued at approximately $33,000. Kestra Investment Management LLC purchased a new position in United Rentals during the fourth quarter valued at approximately $34,000. Finally, OFI Invest Asset Management purchased a new position in United Rentals during the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Price Performance

NYSE:URI opened at $600.39 on Wednesday. The stock has a market cap of $39.21 billion, a P/E ratio of 15.49, a PEG ratio of 1.43 and a beta of 1.76. United Rentals, Inc. has a one year low of $585.27 and a one year high of $896.98. The company has a fifty day moving average price of $706.98 and a 200 day moving average price of $763.35. 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 (NYSE:URI) last announced its quarterly earnings data 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 net margin of 16.78% and a return on equity of 34.21%. Analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The firm also recently disclosed 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 a boost from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date was Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.19%. United Rentals’s dividend payout ratio is currently 18.48%.

Insider Activity

In other news, CFO William E. Grace sold 1,100 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $638.10, for a total value of $701,910.00. Following the completion of the transaction, the chief financial officer now owns 6,880 shares in the company, valued at approximately $4,390,128. This 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.

Wall Street Analyst Weigh In

Several research firms have commented on URI. Evercore ISI decreased their target price on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. 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. Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective for the company in a research note on Tuesday, January 14th. Truist Financial restated a “buy” rating and issued a $956.00 price objective (down from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $829.00.

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.