140 Shares in United Rentals, Inc. (NYSE:URI) Purchased by Thompson Investment Management Inc.

Thompson Investment Management Inc. acquired a new stake in United Rentals, Inc. (NYSE:URI) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 140 shares of the construction company’s stock, valued at approximately $99,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in URI. ORG Wealth Partners LLC acquired a new stake in shares of United Rentals in the 4th quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in United Rentals in the third quarter worth $31,000. Hanson & Doremus Investment Management acquired a new stake in United Rentals in the fourth quarter valued at $33,000. Carmichael Hill & Associates Inc. boosted its position in shares of United Rentals by 80.0% during 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. acquired a new position in shares of United Rentals during the 3rd quarter worth $41,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Trading Down 1.2 %

Shares of URI stock opened at $740.69 on Monday. United Rentals, Inc. has a twelve month low of $596.48 and a twelve month high of $896.98. The company has a market capitalization of $48.37 billion, a price-to-earnings ratio of 19.11, a PEG ratio of 1.54 and a beta of 1.68. The firm has a 50-day moving average price of $752.83 and a 200 day moving average price of $770.13. 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 announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share (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%. Research analysts forecast that United Rentals, Inc. will post 44.93 earnings per share 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. Stockholders of record on Wednesday, February 12th will be given a $1.79 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.97%. This is an increase from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s payout ratio is currently 16.83%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on URI. JPMorgan Chase & Co. raised 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 note on Friday, January 31st. Truist Financial reissued a “buy” rating and set a $956.00 price target (down previously from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Barclays raised their price objective on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Morgan Stanley dropped their price target on United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average 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.