United Rentals, Inc. (NYSE:URI) is F&V Capital Management LLC’s 2nd Largest Position

F&V Capital Management LLC raised its stake in United Rentals, Inc. (NYSE:URI) by 1.6% during the 4th quarter, HoldingsChannel reports. The firm owned 30,188 shares of the construction company’s stock after acquiring an additional 470 shares during the quarter. United Rentals accounts for about 5.6% of F&V Capital Management LLC’s portfolio, making the stock its 2nd largest position. F&V Capital Management LLC’s holdings in United Rentals were worth $21,266,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Czech National Bank lifted its stake in United Rentals by 6.9% in the third quarter. Czech National Bank now owns 13,565 shares of the construction company’s stock valued at $10,984,000 after buying an additional 875 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in United Rentals by 1.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 13,197 shares of the construction company’s stock valued at $10,686,000 after acquiring an additional 151 shares during the last quarter. GAMMA Investing LLC boosted its holdings in United Rentals by 13.3% during the third quarter. GAMMA Investing LLC now owns 904 shares of the construction company’s stock worth $732,000 after buying an additional 106 shares in the last quarter. Everpar Advisors LLC acquired a new position in shares of United Rentals in the 3rd quarter worth $204,000. Finally, Eagle Rock Investment Company LLC lifted its stake in United Rentals by 37.0% during the third quarter. Eagle Rock Investment Company LLC now owns 3,918 shares of the construction company’s stock valued at $3,173,000 after buying an additional 1,058 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Trading Down 2.5 %

URI opened at $739.27 on Tuesday. The company’s 50 day moving average is $762.23 and its 200-day moving average is $769.67. 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, Inc. has a 1-year low of $596.48 and a 1-year high of $896.98. The company has a market cap of $48.28 billion, a P/E ratio of 19.08, a PEG ratio of 1.52 and a beta of 1.68.

United Rentals (NYSE:URI) last released its quarterly earnings data 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%. Equities research analysts predict that United Rentals, Inc. will post 46.09 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be given a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 0.97%. This is a boost from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Wednesday, February 12th. United Rentals’s dividend payout ratio is 16.83%.

Wall Street Analyst Weigh In

Several research firms have weighed in on URI. Barclays lifted their target price on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target on the stock in a research report on Tuesday, January 14th. Bank of America lifted their price target on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Citigroup lowered 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. Finally, Truist Financial reaffirmed a “buy” rating and set a $956.00 price objective (down from $963.00) on shares of United Rentals in a report on Friday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $814.08.

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.