Pacer Advisors Inc. Increases Stake in United Rentals, Inc. (NYSE:URI)

Pacer Advisors Inc. increased its stake in United Rentals, Inc. (NYSE:URI) by 9.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,385 shares of the construction company’s stock after buying an additional 462 shares during the period. Pacer Advisors Inc.’s holdings in United Rentals were worth $3,793,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of URI. International Assets Investment Management LLC boosted its holdings in shares of United Rentals by 82,462.2% during the 3rd quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company’s stock valued at $1,300,962,000 after buying an additional 1,604,715 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of United Rentals by 15.4% during the third quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company’s stock valued at $637,968,000 after acquiring an additional 105,287 shares in the last quarter. FMR LLC raised its holdings in United Rentals by 3.7% in the 3rd quarter. FMR LLC now owns 2,416,568 shares of the construction company’s stock worth $1,956,768,000 after acquiring an additional 85,325 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in United Rentals by 10.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 704,145 shares of the construction company’s stock valued at $570,167,000 after acquiring an additional 66,957 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in United Rentals by 6.1% during the 3rd quarter. Franklin Resources Inc. now owns 996,014 shares of the construction company’s stock valued at $862,110,000 after purchasing an additional 57,002 shares during the last quarter. 96.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on URI shares. Bank of America upped their price target on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price on the stock in a research note on Tuesday, January 14th. Truist Financial reduced their price target on shares of United Rentals from $965.00 to $963.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Argus increased their price objective on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. 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 note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, United Rentals presently has an average rating of “Moderate Buy” and an average target price of $813.73.

United Rentals Stock Performance

NYSE:URI opened at $774.50 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82. The stock has a 50-day simple moving average of $766.58 and a two-hundred day simple moving average of $768.75. The firm has a market capitalization of $50.82 billion, a PE ratio of 20.23, a P/E/G ratio of 1.73 and a beta of 1.69. United Rentals, Inc. has a 52-week low of $596.48 and a 52-week high of $896.98.

United Rentals (NYSE:URI) last announced 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 17.12% and a return on equity of 34.73%. Analysts forecast that United Rentals, Inc. will post 43.43 EPS for the current year.

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 0.92%. This is an increase from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Wednesday, February 12th. United Rentals’s dividend payout ratio (DPR) is presently 16.83%.

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.