Axxcess Wealth Management LLC Has $410,000 Holdings in United Rentals, Inc. (NYSE:URI)

Axxcess Wealth Management LLC grew its holdings in United Rentals, Inc. (NYSE:URI) by 7.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 582 shares of the construction company’s stock after buying an additional 39 shares during the period. Axxcess Wealth Management LLC’s holdings in United Rentals were worth $410,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in URI. TCTC Holdings LLC bought a new stake in shares of United Rentals during the 4th quarter worth about $42,000. Signaturefd LLC grew its position in shares of United Rentals by 15.9% in the fourth quarter. Signaturefd LLC now owns 1,767 shares of the construction company’s stock valued at $1,245,000 after purchasing an additional 243 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of United Rentals by 2.6% during the fourth quarter. Parallel Advisors LLC now owns 1,440 shares of the construction company’s stock worth $1,014,000 after purchasing an additional 37 shares during the period. Cibc World Markets Corp boosted its position in shares of United Rentals by 15.4% in the fourth quarter. Cibc World Markets Corp now owns 10,405 shares of the construction company’s stock valued at $7,330,000 after acquiring an additional 1,390 shares during the period. Finally, SlateStone Wealth LLC boosted its holdings in United Rentals by 5.2% in the 4th quarter. SlateStone Wealth LLC now owns 5,749 shares of the construction company’s stock valued at $4,050,000 after purchasing an additional 286 shares during the period. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Stock Down 0.3 %

Shares of URI opened at $628.63 on Friday. United Rentals, Inc. has a 52 week low of $585.27 and a 52 week high of $896.98. The stock has a fifty day moving average of $696.39 and a 200-day moving average of $756.39. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. The stock has a market capitalization of $41.05 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 1.43 and a beta of 1.76.

United Rentals (NYSE:URI) last released its quarterly 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%. As a group, sell-side analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Wednesday, February 12th. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s payout ratio is 18.48%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on URI shares. Morgan Stanley cut their price target on United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research note 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 on the stock in a report on Tuesday, January 14th. JPMorgan Chase & Co. boosted their price target 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. Evercore ISI reduced 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 research note on Wednesday, February 19th. Finally, Truist Financial restated a “buy” rating and issued a $956.00 target price (down from $963.00) on shares of United Rentals in a research report on Friday, January 31st. 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $815.67.

Insider Buying and Selling

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the sale, the chief financial officer now owns 6,880 shares in the company, valued at approximately $4,390,128. The trade was a 13.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.53% of the stock is currently owned by insiders.

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.