Whittier Trust Co. Raises Stock Holdings in United Rentals, Inc. (NYSE:URI)

Whittier Trust Co. boosted its holdings in United Rentals, Inc. (NYSE:URI) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,502 shares of the construction company’s stock after purchasing an additional 174 shares during the period. Whittier Trust Co. owned about 0.08% of United Rentals worth $38,393,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Rialto Wealth Management LLC bought a new position in United Rentals during the fourth quarter valued at about $25,000. ORG Wealth Partners LLC bought a new stake in United Rentals in the fourth quarter worth about $26,000. Hanson & Doremus Investment Management purchased a new position in United Rentals in the fourth quarter valued at about $33,000. Kestra Investment Management LLC bought a new position in shares of United Rentals during the 4th quarter valued at approximately $34,000. Finally, OFI Invest Asset Management purchased a new stake in shares of United Rentals during the 4th quarter worth approximately $36,000. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Performance

NYSE URI opened at $627.42 on Thursday. The company’s 50 day simple moving average is $698.05 and its two-hundred day simple moving average is $758.05. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. United Rentals, Inc. has a 1 year low of $585.27 and a 1 year high of $896.98. The stock has a market capitalization of $40.97 billion, a PE ratio of 16.19, a P/E/G ratio of 1.43 and a beta of 1.76.

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

United Rentals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Wednesday, February 12th. This is an increase from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio (DPR) is 18.48%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Truist Financial reissued a “buy” rating and set a $956.00 price objective (down from $963.00) on shares of United Rentals in a report on Friday, January 31st. Argus increased their price target on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Evercore ISI dropped their price objective on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Finally, Morgan Stanley reduced their target price on shares of 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, United Rentals has a consensus rating of “Moderate Buy” and an average price target of $829.00.

Insider Transactions at United Rentals

In other United Rentals news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $638.10, for a total transaction of $701,910.00. Following the completion of the sale, the chief financial officer now directly owns 6,880 shares in the company, valued at $4,390,128. The trade was a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.53% of the stock is owned by insiders.

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.