368 Shares in United Rentals, Inc. (NYSE:URI) Purchased by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP bought a new stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 368 shares of the construction company's stock, valued at approximately $259,000.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of United Rentals by 15.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company's stock valued at $637,968,000 after acquiring an additional 105,287 shares during the last quarter. Brookstone Capital Management lifted its position in United Rentals by 580.5% in the fourth quarter. Brookstone Capital Management now owns 1,749 shares of the construction company's stock valued at $1,232,000 after purchasing an additional 1,492 shares during the last quarter. Miracle Mile Advisors LLC purchased a new position in shares of United Rentals during the fourth quarter valued at approximately $306,000. SeaCrest Wealth Management LLC increased its stake in shares of United Rentals by 3.2% during the fourth quarter. SeaCrest Wealth Management LLC now owns 764 shares of the construction company's stock valued at $538,000 after buying an additional 24 shares during the period. Finally, Oak Thistle LLC purchased a new position in shares of United Rentals during the fourth quarter valued at approximately $406,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

Analyst Upgrades and Downgrades

URI has been the topic of several recent research reports. Robert W. Baird upped their price target on United Rentals from $535.00 to $571.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th. Morgan Stanley raised United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 target price on the stock in a report on Wednesday, April 16th. Cfra Research raised United Rentals to a "strong-buy" rating in a report on Friday, April 25th. Evercore ISI lowered their price target on United Rentals from $1,004.00 to $974.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Finally, Sanford C. Bernstein raised United Rentals from an "underperform" rating to a "market perform" rating and lowered their target price for the company from $705.00 to $666.00 in a report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, United Rentals presently has an average rating of "Moderate Buy" and an average target price of $748.38.

Insider Buying and Selling at United Rentals

In related news, VP Andrew B. Limoges sold 708 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $705.86, for a total transaction of $499,748.88. Following the completion of the sale, the vice president now directly owns 1,921 shares of the company's stock, valued at approximately $1,355,957.06. This trade represents a 26.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO William E. Grace sold 1,100 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the sale, the chief financial officer now directly owns 6,880 shares of the company's stock, valued at $4,390,128. This represents a 13.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,908 shares of company stock worth $1,890,567 in the last quarter. 0.53% of the stock is owned by corporate insiders.

United Rentals Stock Performance

NYSE:URI opened at $726.59 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.92 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 has a 50-day moving average price of $626.76 and a 200 day moving average price of $710.94. The stock has a market capitalization of $47.23 billion, a P/E ratio of 18.75, a P/E/G ratio of 1.43 and a beta of 1.70.

United Rentals (NYSE:URI - Get Free Report) last released its earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.92 by ($0.06). The business had revenue of $3.72 billion for 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 business's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $9.15 EPS. Equities research analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 0.99%. The ex-dividend date is Wednesday, May 14th. United Rentals's dividend payout ratio is presently 18.54%.

United Rentals 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.

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