Kestra Investment Management LLC Purchases Shares of 48 United Rentals, Inc. (NYSE:URI)

Kestra Investment Management LLC acquired a new stake in shares of United Rentals, Inc. (NYSE:URI) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 48 shares of the construction company’s stock, valued at approximately $34,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in URI. JPMorgan Chase & Co. raised its position in shares of United Rentals by 15.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company’s stock valued at $637,968,000 after buying an additional 105,287 shares in the last quarter. FMR LLC raised its position in shares of United Rentals by 3.7% during the 3rd quarter. FMR LLC now owns 2,416,568 shares of the construction company’s stock valued at $1,956,768,000 after buying an additional 85,325 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of United Rentals by 10.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 704,145 shares of the construction company’s stock valued at $570,167,000 after buying an additional 66,957 shares in the last quarter. Franklin Resources Inc. raised its position in shares of United Rentals by 6.1% during the 3rd quarter. Franklin Resources Inc. now owns 996,014 shares of the construction company’s stock valued at $862,110,000 after buying an additional 57,002 shares in the last quarter. Finally, Mizuho Securities USA LLC raised its position in shares of United Rentals by 1,067.5% during the 3rd quarter. Mizuho Securities USA LLC now owns 59,879 shares of the construction company’s stock valued at $48,486,000 after buying an additional 54,750 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on URI shares. Citigroup lowered their price objective on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. 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 report on Friday, January 31st. Evercore ISI decreased their target price on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating on the stock in a research report on Wednesday. Truist Financial reiterated a “buy” rating and issued a $956.00 target price (down previously from $963.00) on shares of United Rentals in a research report on Friday, January 31st. Finally, Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price on the stock in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, United Rentals has a consensus rating of “Moderate Buy” and an average price target of $829.00.

United Rentals Price Performance

URI stock opened at $656.42 on Friday. The firm’s 50-day moving average price is $731.32 and its two-hundred day moving average price is $769.95. United Rentals, Inc. has a 12-month low of $596.48 and a 12-month high of $896.98. The stock has a market capitalization of $42.87 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 1.43 and a beta of 1.68. 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 released its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share (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, equities analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be given a $1.79 dividend. This is a boost 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 1.09%. United Rentals’s payout ratio is presently 18.48%.

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.