F M Investments LLC Buys 680 Shares of United Rentals, Inc. (NYSE:URI)

F M Investments LLC boosted its stake in United Rentals, Inc. (NYSE:URI) by 7.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,994 shares of the construction company’s stock after buying an additional 680 shares during the period. F M Investments LLC’s holdings in United Rentals were worth $7,040,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in URI. GHP Investment Advisors Inc. boosted its holdings in shares of United Rentals by 6.3% during the 4th quarter. GHP Investment Advisors Inc. now owns 14,855 shares of the construction company’s stock valued at $10,464,000 after buying an additional 877 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in United Rentals by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 445,214 shares of the construction company’s stock worth $313,627,000 after acquiring an additional 6,787 shares in the last quarter. Fiduciary Alliance LLC grew its holdings in United Rentals by 196.5% in the fourth quarter. Fiduciary Alliance LLC now owns 1,420 shares of the construction company’s stock worth $1,000,000 after purchasing an additional 941 shares during the period. Blueshift Asset Management LLC bought a new position in shares of United Rentals during the fourth quarter valued at approximately $649,000. Finally, Nordea Investment Management AB lifted its holdings in shares of United Rentals by 7.6% during the fourth quarter. Nordea Investment Management AB now owns 732,954 shares of the construction company’s stock valued at $517,018,000 after purchasing an additional 52,037 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

Insider Activity

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 6,880 shares of the company’s stock, valued at $4,390,128. This trade represents a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on URI. 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 report on Wednesday, February 19th. JPMorgan Chase & Co. increased their price objective on shares of United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Sanford C. Bernstein upgraded shares of United Rentals from an “underperform” rating to a “market perform” rating and reduced their price objective for the company from $705.00 to $666.00 in a research note on Tuesday, March 25th. Citigroup cut their price target on shares of United Rentals from $720.00 to $650.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Truist Financial decreased their price objective on shares of United Rentals from $956.00 to $732.00 and set a “buy” rating for the company in a report on Tuesday. Two analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, United Rentals has a consensus rating of “Hold” and a consensus target price of $752.14.

United Rentals Stock Up 10.9 %

Shares of URI stock opened at $612.33 on Thursday. The stock has a market cap of $40.00 billion, a P/E ratio of 15.80, a P/E/G ratio of 1.43 and a beta of 1.72. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $896.98. The stock has a 50 day moving average of $650.92 and a 200 day moving average of $743.68. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42.

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 net margin of 16.78% and a return on equity of 34.21%. As a group, sell-side analysts expect that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 1.17%. This is a boost from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date was Wednesday, February 12th. United Rentals’s payout ratio is presently 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.