Pittenger & Anderson Inc. Purchases New Position in United Rentals, Inc. (NYSE:URI)

Pittenger & Anderson Inc. acquired a new position in shares of United Rentals, Inc. (NYSE:URI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 889 shares of the construction company’s stock, valued at approximately $626,000.

A number of other institutional investors also recently made changes to their positions in the company. Creative Planning boosted its position in shares of United Rentals by 7.9% in the third quarter. Creative Planning now owns 13,046 shares of the construction company’s stock valued at $10,563,000 after acquiring an additional 959 shares during the period. Stratos Wealth Advisors LLC boosted its holdings in United Rentals by 18.4% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 560 shares of the construction company’s stock valued at $454,000 after purchasing an additional 87 shares during the period. Blue Trust Inc. grew its position in shares of United Rentals by 168.8% during the 3rd quarter. Blue Trust Inc. now owns 906 shares of the construction company’s stock worth $734,000 after purchasing an additional 569 shares in the last quarter. Raymond James & Associates increased its holdings in shares of United Rentals by 12.3% during the third quarter. Raymond James & Associates now owns 121,975 shares of the construction company’s stock worth $98,767,000 after purchasing an additional 13,373 shares during the period. Finally, Commonwealth Equity Services LLC raised its position in shares of United Rentals by 1.7% in the third quarter. Commonwealth Equity Services LLC now owns 53,318 shares of the construction company’s stock valued at $43,173,000 after buying an additional 878 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Up 1.6 %

Shares of NYSE:URI opened at $741.10 on Tuesday. United Rentals, Inc. has a 52-week low of $596.48 and a 52-week high of $896.98. The company has a market capitalization of $48.40 billion, a PE ratio of 19.13, a price-to-earnings-growth ratio of 1.54 and a beta of 1.68. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. The company has a fifty day moving average of $738.87 and a 200-day moving average of $770.03.

United Rentals (NYSE:URI) last issued its earnings results 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 return on equity of 34.21% and a net margin of 16.78%. On average, equities analysts predict that United Rentals, Inc. will post 44.93 EPS for the current fiscal year.

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be given a dividend of $1.79 per share. The ex-dividend date of this dividend is Wednesday, February 12th. 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 0.97%. United Rentals’s dividend payout ratio (DPR) is currently 16.83%.

Analyst Upgrades and Downgrades

URI has been the topic of a number of analyst reports. Bank of America increased their price target on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Truist Financial reissued a “buy” rating and set a $956.00 target price (down from $963.00) on shares of United Rentals in a report on Friday, January 31st. 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 note on Monday, February 3rd. Citigroup reduced 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 note on Tuesday, January 14th. Finally, Barclays boosted their target price on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, United Rentals presently has an average rating of “Moderate Buy” and a consensus price target 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.