United Rentals, Inc. (NYSE:URI) Shares Acquired by Fiduciary Alliance LLC

Fiduciary Alliance LLC increased its position in shares of United Rentals, Inc. (NYSE:URI) by 196.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,420 shares of the construction company’s stock after acquiring an additional 941 shares during the quarter. Fiduciary Alliance LLC’s holdings in United Rentals were worth $1,000,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Czech National Bank increased its holdings in shares of United Rentals by 4.9% during the 4th quarter. Czech National Bank now owns 14,229 shares of the construction company’s stock worth $10,023,000 after buying an additional 664 shares during the last quarter. ORG Wealth Partners LLC purchased a new position in United Rentals in the fourth quarter worth approximately $26,000. Wealth Enhancement Advisory Services LLC increased its stake in United Rentals by 2.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,662 shares of the construction company’s stock worth $3,989,000 after acquiring an additional 130 shares during the last quarter. Range Financial Group LLC purchased a new stake in United Rentals in the fourth quarter valued at $387,000. Finally, Diversified Trust Co lifted its stake in shares of United Rentals by 42.1% in the 4th quarter. Diversified Trust Co now owns 2,240 shares of the construction company’s stock valued at $1,578,000 after purchasing an additional 664 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Stock Up 2.6 %

Shares of NYSE:URI opened at $688.06 on Tuesday. 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 fifty-two week low of $545.16 and a fifty-two week high of $896.98. The stock has a market cap of $45.15 billion, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 1.83 and a beta of 1.69. The firm’s 50 day moving average price is $787.08 and its 200 day moving average price is $759.44.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share 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%. United Rentals’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $11.73 earnings per share. As a group, equities research analysts predict that United Rentals, Inc. will post 43.46 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a $1.63 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.95%. United Rentals’s payout ratio is currently 17.03%.

Wall Street Analysts Forecast Growth

URI has been the topic of several research analyst reports. Barclays boosted their price objective on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a report on Friday, October 25th. Bank of America upped their price objective on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Truist Financial boosted their target price on United Rentals from $955.00 to $965.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Citigroup raised their price target on United Rentals from $955.00 to $985.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, Robert W. Baird boosted their price objective on United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a report on Thursday, October 3rd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $817.08.

Insider Transactions at United Rentals

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction that occurred 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. This represents a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.53% 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.