Jaffetilchin Investment Partners LLC Has $768,000 Stake in United Rentals, Inc. (NYSE:URI)

Jaffetilchin Investment Partners LLC raised its position in shares of United Rentals, Inc. (NYSE:URI) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,090 shares of the construction company’s stock after purchasing an additional 40 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in United Rentals were worth $768,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Adell Harriman & Carpenter Inc. raised its position in shares of United Rentals by 1.8% in the 4th quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company’s stock valued at $573,000 after acquiring an additional 14 shares during the period. Valmark Advisers Inc. increased its stake in United Rentals by 1.8% in the fourth quarter. Valmark Advisers Inc. now owns 788 shares of the construction company’s stock valued at $555,000 after purchasing an additional 14 shares in the last quarter. Erste Asset Management GmbH increased its stake in United Rentals by 0.5% in the fourth quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company’s stock valued at $2,002,000 after purchasing an additional 14 shares in the last quarter. Klingman & Associates LLC raised its holdings in United Rentals by 2.3% in the fourth quarter. Klingman & Associates LLC now owns 669 shares of the construction company’s stock worth $471,000 after purchasing an additional 15 shares during the period. Finally, Moody National Bank Trust Division boosted its position in shares of United Rentals by 4.5% during the fourth quarter. Moody National Bank Trust Division now owns 368 shares of the construction company’s stock worth $259,000 after purchasing an additional 16 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Stock Performance

URI opened at $581.57 on Friday. 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 business’s 50-day simple moving average is $644.29 and its 200 day simple moving average is $740.61. The firm has a market capitalization of $38.00 billion, a PE ratio of 15.01, a PEG ratio of 1.43 and a beta of 1.72. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $896.98.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 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 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 1.23%. 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 18.48%.

Analyst Upgrades and Downgrades

Several analysts recently commented on URI shares. Truist Financial reduced their target price on United Rentals from $956.00 to $732.00 and set a “buy” rating on the stock in a report on Tuesday. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. 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 research note on Tuesday, January 14th. UBS Group lowered shares of United Rentals from a “buy” rating to a “sell” rating and cut their price target for the company from $910.00 to $485.00 in a research note on Monday. Finally, Morgan Stanley dropped their price objective on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $752.14.

Insider Transactions at United Rentals

In other news, CFO William E. Grace sold 1,100 shares of the stock in a transaction that occurred 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 owns 6,880 shares in the company, valued at approximately $4,390,128. This trade represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.51% of the stock is currently owned by corporate 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.