Atwood & Palmer Inc. Buys 259 Shares of United Rentals, Inc. (NYSE:URI)

Atwood & Palmer Inc. grew its stake in shares of United Rentals, Inc. (NYSE:URI) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,637 shares of the construction company’s stock after buying an additional 259 shares during the period. United Rentals makes up 2.8% of Atwood & Palmer Inc.’s portfolio, making the stock its 7th biggest position. Atwood & Palmer Inc. owned approximately 0.09% of United Rentals worth $40,602,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of URI. Mayflower Financial Advisors LLC increased its position in shares of United Rentals by 4.0% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock valued at $274,000 after buying an additional 13 shares in the last quarter. Allen Capital Group LLC increased its holdings in shares of United Rentals by 4.2% in the third quarter. Allen Capital Group LLC now owns 324 shares of the construction company’s stock worth $262,000 after acquiring an additional 13 shares in the last quarter. First County Bank CT increased its holdings in shares of United Rentals by 3.2% in the third quarter. First County Bank CT now owns 422 shares of the construction company’s stock worth $342,000 after acquiring an additional 13 shares in the last quarter. IAM Advisory LLC raised its position in shares of United Rentals by 1.6% during the third quarter. IAM Advisory LLC now owns 900 shares of the construction company’s stock worth $729,000 after purchasing an additional 14 shares during the period. Finally, CVA Family Office LLC lifted its holdings in shares of United Rentals by 1.7% during the 3rd quarter. CVA Family Office LLC now owns 844 shares of the construction company’s stock valued at $683,000 after purchasing an additional 14 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on URI shares. JPMorgan Chase & Co. raised their target price on shares of United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Truist Financial dropped their price objective on shares of United Rentals from $965.00 to $963.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. 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. Barclays upped their price objective on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Finally, Argus lifted their target price on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, United Rentals currently has an average rating of “Moderate Buy” and a consensus price target of $805.08.

United Rentals Trading Up 1.8 %

Shares of United Rentals stock opened at $770.81 on Tuesday. The stock has a market cap of $50.58 billion, a P/E ratio of 20.13, a P/E/G ratio of 1.71 and a beta of 1.69. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. United Rentals, Inc. has a 12-month low of $553.22 and a 12-month high of $896.98. The business’s 50 day moving average is $776.72 and its 200-day moving average is $763.16.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $11.73 EPS. Equities research analysts predict that United Rentals, Inc. will post 43.43 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend was Wednesday, November 13th. United Rentals’s dividend payout ratio (DPR) is presently 17.03%.

Insider Buying and Selling at United Rentals

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $823.24, for a total value of $740,916.00. Following the transaction, the senior vice president now directly owns 2,044 shares in the company, valued at $1,682,702.56. The trade was a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.49% of the company’s stock.

About United Rentals

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.