Alteri Wealth LLC Makes New Investment in United Rentals, Inc. (NYSE:URI)

Alteri Wealth LLC acquired a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 449 shares of the construction company's stock, valued at approximately $316,000.

Other large investors have also modified their holdings of the company. Capital World Investors boosted its position in shares of United Rentals by 17.1% during the 4th quarter. Capital World Investors now owns 2,221,228 shares of the construction company's stock valued at $1,564,722,000 after acquiring an additional 323,636 shares during the last quarter. Geode Capital Management LLC increased its stake in United Rentals by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,587,203 shares of the construction company's stock worth $1,115,142,000 after purchasing an additional 20,401 shares during the period. Alliancebernstein L.P. boosted its position in United Rentals by 16.0% in the 4th quarter. Alliancebernstein L.P. now owns 1,250,324 shares of the construction company's stock valued at $880,778,000 after buying an additional 172,340 shares during the period. Franklin Resources Inc. grew its stake in United Rentals by 9.8% during the 4th quarter. Franklin Resources Inc. now owns 1,093,350 shares of the construction company's stock worth $770,199,000 after purchasing an additional 97,336 shares in the last quarter. Finally, Capital International Investors raised its holdings in United Rentals by 41.0% in the fourth quarter. Capital International Investors now owns 1,051,365 shares of the construction company's stock valued at $740,624,000 after acquiring an additional 305,491 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company's stock.

United Rentals Stock Performance

URI stock traded up $0.78 during trading on Wednesday, hitting $652.43. 505,366 shares of the company's stock traded hands, compared to its average volume of 594,859. 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 stock has a fifty day moving average price of $614.01 and a two-hundred day moving average price of $717.28. The stock has a market capitalization of $42.41 billion, a price-to-earnings ratio of 16.84, a price-to-earnings-growth ratio of 1.43 and a beta of 1.70. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $896.98.

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

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be given a dividend of $1.79 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.10%. United Rentals's dividend payout ratio (DPR) is presently 18.54%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on URI shares. UBS Group cut United Rentals from a "buy" rating to a "sell" rating and cut their target price for the stock from $910.00 to $485.00 in a research report on Monday, April 7th. Robert W. Baird boosted their target price 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. Citigroup lowered their target price on United Rentals from $720.00 to $650.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Sanford C. Bernstein raised United Rentals from an "underperform" rating to a "market perform" rating and reduced their target price for the company from $705.00 to $666.00 in a research note on Tuesday, March 25th. Finally, Cfra Research raised shares of United Rentals to a "strong-buy" rating in a research report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $725.69.

Insiders Place Their Bets

In other United Rentals news, EVP Michael D. Durand sold 1,100 shares of the company's stock in a transaction dated Tuesday, April 29th. The stock was 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 of the company's stock, valued at $5,478,697.44. This represents a 11.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.53% of the company's stock.

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.