1248 Management LLC Acquires New Holdings in United Rentals, Inc. (NYSE:URI)

1248 Management LLC purchased a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 2,032 shares of the construction company's stock, valued at approximately $1,431,000. United Rentals accounts for 0.6% of 1248 Management LLC's holdings, making the stock its 29th biggest position.

A number of other large investors also recently modified their holdings of URI. Rialto Wealth Management LLC purchased a new stake in shares of United Rentals in the fourth quarter worth approximately $25,000. ORG Wealth Partners LLC purchased a new stake in United Rentals in the 4th quarter valued at $26,000. Murphy & Mullick Capital Management Corp purchased a new position in United Rentals during the 4th quarter worth $27,000. Meeder Asset Management Inc. raised its holdings in shares of United Rentals by 241.7% in the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock valued at $29,000 after purchasing an additional 29 shares during the last quarter. Finally, Hanson & Doremus Investment Management bought a new position in shares of United Rentals during the fourth quarter valued at about $33,000. 96.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

URI has been the subject of a number of recent analyst reports. Morgan Stanley upgraded United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price objective for the company in a research note on Wednesday, April 16th. Robert W. Baird lifted their price objective on shares of United Rentals from $535.00 to $571.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Cfra Research upgraded shares of United Rentals to a "strong-buy" rating in a research note on Friday, April 25th. Baird R W raised United Rentals from a "strong sell" rating to a "hold" rating in a research report on Tuesday, January 14th. Finally, Evercore ISI reduced their target price on shares of United Rentals from $1,004.00 to $974.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $725.69.

Insider Transactions at United Rentals

In other news, EVP Michael D. Durand sold 1,100 shares of the company's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total value of $688,908.00. Following the transaction, the executive vice president now directly owns 8,748 shares in the company, valued at approximately $5,478,697.44. This represents a 11.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.53% of the company's stock.

United Rentals Price Performance

United Rentals stock traded down $7.42 during midday trading on Monday, reaching $657.98. 721,176 shares of the stock traded hands, compared to its average volume of 593,609. 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 12 month low of $525.91 and a 12 month high of $896.98. The stock's fifty day moving average is $613.33 and its 200-day moving average is $719.00. The stock has a market cap of $42.77 billion, a P/E ratio of 16.98, a PEG ratio of 1.43 and a beta of 1.70.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing the consensus estimate of $8.92 by ($0.06). The company had revenue of $3.72 billion during the quarter, compared to analysts' expectations of $3.61 billion. United Rentals had a return on equity of 34.21% and a net margin of 16.78%. The company's revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $9.15 EPS. As a group, equities research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be paid a dividend of $1.79 per share. The ex-dividend date is Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.09%. United Rentals's dividend payout ratio is 18.54%.

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.