Sonora Investment Management Group LLC Purchases 35 Shares of United Rentals, Inc. (NYSE:URI)

Sonora Investment Management Group LLC lifted its position in shares of United Rentals, Inc. (NYSE:URI) by 3.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,042 shares of the construction company’s stock after purchasing an additional 35 shares during the quarter. Sonora Investment Management Group LLC’s holdings in United Rentals were worth $734,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Sei Investments Co. raised its stake in shares of United Rentals by 13.7% in the second quarter. Sei Investments Co. now owns 4,981 shares of the construction company’s stock valued at $3,221,000 after acquiring an additional 599 shares during the last quarter. Creative Planning grew its holdings in shares of United Rentals by 0.8% during the second quarter. Creative Planning now owns 12,087 shares of the construction company’s stock worth $7,817,000 after purchasing an additional 94 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of United Rentals by 5.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 11,114 shares of the construction company’s stock valued at $7,189,000 after buying an additional 541 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of United Rentals by 2.8% in the second quarter. Cetera Investment Advisers now owns 26,901 shares of the construction company’s stock valued at $17,397,000 after buying an additional 723 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its position in United Rentals by 11.8% during the 2nd quarter. Clearbridge Investments LLC now owns 9,217 shares of the construction company’s stock worth $5,961,000 after buying an additional 976 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Price Performance

Shares of URI opened at $774.50 on Friday. The company’s 50-day moving average is $766.58 and its 200-day moving average is $768.75. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. The firm has a market capitalization of $50.82 billion, a PE ratio of 19.99, a PEG ratio of 1.68 and a beta of 1.69. 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 released its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) 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 34.51%. Equities analysts forecast that United Rentals, Inc. will post 46.06 EPS for the current year.

United Rentals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 0.92%. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date is Wednesday, February 12th. United Rentals’s dividend payout ratio (DPR) is currently 16.83%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Truist Financial dropped their target price 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 raised their target price on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Bank of America increased their price objective on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Barclays boosted their price target on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, United Rentals presently has a consensus rating of “Moderate Buy” and an average price target of $813.73.

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.