Mather Group LLC. Sells 93 Shares of United Rentals, Inc. (NYSE:URI)

Mather Group LLC. trimmed its position in shares of United Rentals, Inc. (NYSE:URI) by 9.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 928 shares of the construction company’s stock after selling 93 shares during the quarter. Mather Group LLC.’s holdings in United Rentals were worth $653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ORG Wealth Partners LLC purchased a new stake in shares of United Rentals in the 4th quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of United Rentals in the 3rd quarter worth $31,000. Hanson & Doremus Investment Management purchased a new stake in shares of United Rentals in the 4th quarter worth $33,000. Carmichael Hill & Associates Inc. increased its stake in shares of United Rentals by 80.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after purchasing an additional 20 shares in the last quarter. Finally, HM Payson & Co. purchased a new stake in shares of United Rentals in the 3rd quarter worth $41,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Stock Down 2.2 %

URI opened at $737.27 on Thursday. The firm has a 50-day simple moving average of $757.46 and a two-hundred day simple moving average of $769.69. United Rentals, Inc. has a 52 week low of $596.48 and a 52 week high of $896.98. The company has a market capitalization of $48.15 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of 1.52 and a beta of 1.68. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. Analysts forecast that United Rentals, Inc. will post 46.09 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be issued a $1.79 dividend. This is an increase from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date is Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.97%. United Rentals’s dividend payout ratio (DPR) is presently 16.83%.

Analyst Ratings Changes

Several equities research analysts have recently commented on URI shares. Bank of America upped their price objective on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. increased their price target on United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Barclays increased their price target on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. 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. Finally, Truist Financial reiterated a “buy” rating and issued a $956.00 price target (down previously from $963.00) on shares of United Rentals in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $814.08.

United Rentals Company 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.