Northeast Investment Management Has $20.22 Million Stake in United Rentals, Inc. (NYSE:URI)

Northeast Investment Management raised its stake in shares of United Rentals, Inc. (NYSE:URI) by 8.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,709 shares of the construction company’s stock after buying an additional 2,117 shares during the quarter. Northeast Investment Management’s holdings in United Rentals were worth $20,224,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. ORG Wealth Partners LLC acquired a new position in United Rentals during the fourth quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of United Rentals during the third quarter worth $31,000. Carmichael Hill & Associates Inc. grew its holdings 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 valued at $36,000 after buying an additional 20 shares during the period. Hanson & Doremus Investment Management bought a new stake in shares of United Rentals in the 4th quarter valued at $33,000. Finally, HM Payson & Co. acquired a new stake in United Rentals during the 3rd quarter worth $41,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Trading Down 1.2 %

NYSE URI opened at $740.69 on Friday. United Rentals, Inc. has a 12 month low of $596.48 and a 12 month high of $896.98. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The stock has a 50 day moving average of $752.83 and a 200-day moving average of $769.75. The company has a market cap of $48.37 billion, a PE ratio of 19.11, a PEG ratio of 1.54 and a beta of 1.68.

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%. On average, equities research analysts anticipate that United Rentals, Inc. will post 44.93 EPS for the current fiscal year.

United Rentals Increases Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Truist Financial restated a “buy” rating and issued a $956.00 price target (down from $963.00) on shares of United Rentals in a report on Friday, January 31st. Citigroup lowered their price objective on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective on the stock in a research report on Tuesday, January 14th. Morgan Stanley lowered their target price on United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. Finally, Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently 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.