United Rentals, Inc. (NYSE:URI) Stock Holdings Boosted by Eukles Asset Management

Eukles Asset Management grew its stake in shares of United Rentals, Inc. (NYSE:URI) by 0.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,948 shares of the construction company’s stock after buying an additional 34 shares during the period. United Rentals accounts for approximately 2.7% of Eukles Asset Management’s holdings, making the stock its 6th biggest holding. Eukles Asset Management’s holdings in United Rentals were worth $6,303,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in URI. Mayflower Financial Advisors LLC lifted its holdings in shares of United Rentals by 4.0% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock valued at $274,000 after acquiring an additional 13 shares in the last quarter. Allen Capital Group LLC grew its stake 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 valued at $262,000 after buying an additional 13 shares in the last quarter. First County Bank CT raised its holdings in shares of United Rentals by 3.2% during the 3rd quarter. First County Bank CT now owns 422 shares of the construction company’s stock valued at $342,000 after buying an additional 13 shares during the period. CVA Family Office LLC lifted its position in United Rentals by 1.7% during the 3rd quarter. CVA Family Office LLC now owns 844 shares of the construction company’s stock worth $683,000 after acquiring an additional 14 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its position in United Rentals by 3.2% in the third quarter. Concurrent Investment Advisors LLC now owns 453 shares of the construction company’s stock valued at $367,000 after acquiring an additional 14 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Performance

Shares of NYSE URI opened at $740.69 on Monday. The stock has a market capitalization of $48.37 billion, a P/E ratio of 19.11, a P/E/G ratio of 1.54 and a beta of 1.68. The firm’s 50-day moving average price is $752.83 and its two-hundred day moving average price is $770.13. United Rentals, Inc. has a 52-week low of $596.48 and a 52-week high of $896.98. The company has a quick ratio of 0.92, a current ratio of 0.98 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, sell-side analysts forecast that United Rentals, Inc. will post 44.93 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. Investors of record on Wednesday, February 12th will be issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Wednesday, February 12th. This is a boost from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio (DPR) is 16.83%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Citigroup cut their price objective on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. upped their price target on shares of United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Barclays upped their target price on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. One equities 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’s stock. According to MarketBeat, United Rentals presently has a consensus rating of “Moderate Buy” and a consensus target price of $814.08.

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.