Hudson Edge Investment Partners Inc. Has $5.87 Million Stake in United Rentals, Inc. (NYSE:URI)

Hudson Edge Investment Partners Inc. increased its stake in United Rentals, Inc. (NYSE:URI) by 0.8% in the 4th quarter, Holdings Channel reports. The firm owned 8,327 shares of the construction company’s stock after purchasing an additional 70 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in United Rentals were worth $5,866,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new position in shares of United Rentals in the fourth quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of United Rentals during the 3rd quarter worth $31,000. Hanson & Doremus Investment Management acquired a new position in United Rentals in the 4th quarter valued at $33,000. Kestra Investment Management LLC bought a new position in United Rentals in the 4th quarter worth $34,000. Finally, Carmichael Hill & Associates Inc. lifted its position in United Rentals by 80.0% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after acquiring an additional 20 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Down 5.5 %

URI opened at $656.42 on Friday. The company has a market capitalization of $42.87 billion, a P/E ratio of 16.94, a P/E/G ratio of 1.43 and a beta of 1.68. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The firm’s fifty day moving average price is $731.32 and its two-hundred day moving average price is $769.34. United Rentals, Inc. has a fifty-two week low of $596.48 and a fifty-two week high of $896.98.

United Rentals (NYSE:URI) last issued its earnings results 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%. On average, analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be paid a $1.79 dividend. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Wednesday, February 12th. United Rentals’s dividend payout ratio is currently 18.48%.

Analysts Set New Price Targets

URI has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their price target on United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Evercore ISI lowered their target price on United Rentals from $1,004.00 to $974.00 and set an “outperform” rating on the stock in a report on Wednesday. Truist Financial reaffirmed a “buy” rating and issued a $956.00 price target (down from $963.00) on shares of United Rentals in a research report on Friday, January 31st. Morgan Stanley reduced their price objective on United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Finally, Argus raised their price objective on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $829.00.

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.