Eukles Asset Management Has $6.30 Million Stock Position in United Rentals, Inc. (NYSE:URI)

Eukles Asset Management grew its stake in shares of United Rentals, Inc. (NYSE:URI) by 0.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 8,948 shares of the construction company’s stock after acquiring an additional 34 shares during the period. United Rentals makes up about 2.7% of Eukles Asset Management’s holdings, making the stock its 6th largest position. Eukles Asset Management’s holdings in United Rentals were worth $6,303,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. raised its position in United Rentals by 11.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,203 shares of the construction company’s stock worth $7,492,000 after acquiring an additional 964 shares in the last quarter. GHP Investment Advisors Inc. grew its stake in shares of United Rentals by 6.3% in the 4th quarter. GHP Investment Advisors Inc. now owns 14,855 shares of the construction company’s stock worth $10,464,000 after purchasing an additional 877 shares during the last quarter. Retireful LLC bought a new stake in shares of United Rentals in the 3rd quarter worth approximately $697,000. Mizuho Securities USA LLC lifted its stake in United Rentals by 1,067.5% during the third quarter. Mizuho Securities USA LLC now owns 59,879 shares of the construction company’s stock valued at $48,486,000 after purchasing an additional 54,750 shares during the last quarter. Finally, Fiduciary Alliance LLC lifted its position in shares of United Rentals by 196.5% during the 4th quarter. Fiduciary Alliance LLC now owns 1,420 shares of the construction company’s stock valued at $1,000,000 after acquiring an additional 941 shares during the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Trading Down 1.2 %

URI stock opened at $740.69 on Monday. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a twelve month low of $596.48 and a twelve month high of $896.98. The company has a market cap of $48.37 billion, a P/E ratio of 19.11, a PEG ratio of 1.54 and a beta of 1.68. The business has a fifty day moving average of $752.83 and a 200-day moving average of $770.13.

United Rentals (NYSE:URI) last announced 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 return on equity of 34.21% and a net margin of 16.78%. As a group, equities research analysts expect that United Rentals, Inc. will post 44.93 EPS for the current year.

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Wednesday, February 12th. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s payout ratio is currently 16.83%.

Wall Street Analyst Weigh In

Several research firms have weighed in on URI. Barclays lifted their price objective on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. boosted their target price on shares of United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Robert W. Baird raised United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price for the company in a research report on Tuesday, January 14th. Truist Financial reiterated a “buy” rating and issued a $956.00 price objective (down from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Finally, Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, United Rentals currently has a consensus rating of “Moderate Buy” and an average price target 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.