Sequoia Financial Advisors LLC Has $1.10 Million Position in United Rentals, Inc. (NYSE:URI)

Sequoia Financial Advisors LLC lifted its holdings in United Rentals, Inc. (NYSE:URI) by 15.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,559 shares of the construction company’s stock after buying an additional 213 shares during the period. Sequoia Financial Advisors LLC’s holdings in United Rentals were worth $1,098,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Rialto Wealth Management LLC purchased a new position in United Rentals during the 4th quarter valued at about $25,000. ORG Wealth Partners LLC acquired a new position in United Rentals in the 4th quarter valued at approximately $26,000. Hanson & Doremus Investment Management purchased a new stake in United Rentals in the 4th quarter worth approximately $33,000. Kestra Investment Management LLC acquired a new stake in shares of United Rentals during the 4th quarter valued at $34,000. Finally, OFI Invest Asset Management purchased a new position in shares of United Rentals during the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Price Performance

NYSE:URI opened at $623.35 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The stock has a market cap of $40.71 billion, a P/E ratio of 16.09, a PEG ratio of 1.43 and a beta of 1.76. The company has a fifty day moving average price of $701.71 and a 200 day moving average price of $760.44. United Rentals, Inc. has a one year low of $585.27 and a one year high of $896.98.

United Rentals (NYSE:URI) last announced its quarterly earnings results 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 return on equity of 34.21% and a net margin of 16.78%. Analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a dividend of $1.79 per share. This is an increase from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a yield of 1.15%. The ex-dividend date was Wednesday, February 12th. United Rentals’s dividend payout ratio (DPR) is currently 18.48%.

Wall Street Analysts Forecast Growth

URI has been the subject of several recent research reports. Argus increased their price objective on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Morgan Stanley reduced their price target 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. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Citigroup reduced their target price on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Finally, Truist Financial restated 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. One research 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $829.00.

Insider Buying and Selling at United Rentals

In related news, CFO William E. Grace sold 1,100 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the sale, the chief financial officer now directly owns 6,880 shares in the company, valued at $4,390,128. This represents a 13.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.53% of the company’s stock.

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.