Davidson Capital Management Inc. Purchases 151 Shares of United Rentals, Inc. (NYSE:URI)

Davidson Capital Management Inc. lifted its holdings in United Rentals, Inc. (NYSE:URI) by 3.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,648 shares of the construction company’s stock after buying an additional 151 shares during the period. Davidson Capital Management Inc.’s holdings in United Rentals were worth $3,274,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Certuity LLC bought a new stake in United Rentals during the fourth quarter worth $229,000. Schear Investment Advisers LLC increased its position in shares of United Rentals by 4.6% during the 4th quarter. Schear Investment Advisers LLC now owns 1,745 shares of the construction company’s stock valued at $1,229,000 after purchasing an additional 77 shares during the last quarter. Leavell Investment Management Inc. raised its stake in shares of United Rentals by 8.8% during the 4th quarter. Leavell Investment Management Inc. now owns 497 shares of the construction company’s stock worth $350,000 after purchasing an additional 40 shares during the period. Paladin Wealth LLC boosted its holdings in shares of United Rentals by 6.9% in the 4th quarter. Paladin Wealth LLC now owns 1,037 shares of the construction company’s stock worth $731,000 after buying an additional 67 shares during the last quarter. Finally, Eukles Asset Management grew its position in United Rentals by 0.4% during the fourth quarter. Eukles Asset Management now owns 8,948 shares of the construction company’s stock valued at $6,303,000 after buying an additional 34 shares during the period. 96.26% of the stock is owned by institutional investors.

United Rentals Stock Up 0.8 %

Shares of NYSE URI opened at $753.65 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The company has a market cap of $49.22 billion, a P/E ratio of 19.45, a P/E/G ratio of 1.54 and a beta of 1.68. United Rentals, Inc. has a 52 week low of $596.48 and a 52 week high of $896.98. The business has a 50-day simple moving average of $748.32 and a two-hundred day simple moving average of $770.09.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 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%. Research analysts anticipate that United Rentals, Inc. will post 44.93 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The company also recently declared 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 is a positive change from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Wednesday, February 12th. United Rentals’s payout ratio is 16.83%.

Analyst Upgrades and Downgrades

URI has been the topic of several research reports. Citigroup lowered their price objective on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Bank of America lifted their price target on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. increased their price objective on United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Truist Financial restated a “buy” rating and issued a $956.00 target price (down from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Finally, Argus upped their price target on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $814.08.

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.