Whittier Trust Co. of Nevada Inc. Acquires 1,665 Shares of United Rentals, Inc. (NYSE:URI)

Whittier Trust Co. of Nevada Inc. boosted its holdings in United Rentals, Inc. (NYSE:URI) by 8.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,399 shares of the construction company’s stock after acquiring an additional 1,665 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in United Rentals were worth $15,779,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in URI. Rialto Wealth Management LLC bought a new stake in United Rentals in the 4th quarter valued at $25,000. ORG Wealth Partners LLC bought a new stake in United Rentals in the 4th quarter valued at $26,000. Hanson & Doremus Investment Management bought a new stake in United Rentals in the 4th quarter valued at $33,000. Kestra Investment Management LLC bought a new stake in United Rentals in the 4th quarter valued at $34,000. Finally, OFI Invest Asset Management bought a new stake in United Rentals in the 4th quarter valued at $36,000. Institutional investors own 96.26% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on URI shares. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Citigroup lowered their price objective on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Robert W. Baird upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective on the stock in a research report on Tuesday, January 14th. Truist Financial reiterated a “buy” rating and set a $956.00 price objective (down previously from $963.00) on shares of United Rentals in a research report on Friday, January 31st. Finally, Evercore ISI lowered their price objective on United Rentals from $1,004.00 to $974.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $829.00.

United Rentals Stock Performance

URI opened at $631.14 on Friday. The firm has a market cap of $41.22 billion, a P/E ratio of 16.29, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76. United Rentals, Inc. has a 52-week low of $585.27 and a 52-week high of $896.98. 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 business’s fifty day moving average is $697.25 and its 200-day moving average is $757.17.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. Sell-side analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a $1.79 dividend. The ex-dividend date was Wednesday, February 12th. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a yield of 1.13%. United Rentals’s dividend payout ratio (DPR) is 18.48%.

Insider Activity at United Rentals

In related news, CFO William E. Grace sold 1,100 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the sale, the chief financial officer now directly owns 6,880 shares of the company’s stock, valued at $4,390,128. This trade represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.53% of the stock is currently owned by insiders.

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.