Ameriprise Financial Inc. Has $51.14 Million Holdings in United Rentals, Inc. (NYSE:URI)

Ameriprise Financial Inc. trimmed its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 13.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,584 shares of the construction company's stock after selling 10,849 shares during the period. Ameriprise Financial Inc. owned about 0.11% of United Rentals worth $51,139,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in United Rentals during the fourth quarter valued at about $695,716,000. Capital World Investors grew its holdings 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 worth $1,564,722,000 after purchasing an additional 323,636 shares in the last quarter. Capital International Investors increased its position in shares of United Rentals by 41.0% during the fourth quarter. Capital International Investors now owns 1,051,365 shares of the construction company's stock valued at $740,624,000 after purchasing an additional 305,491 shares during the period. Marshall Wace LLP raised its stake in shares of United Rentals by 105.6% in the fourth quarter. Marshall Wace LLP now owns 546,165 shares of the construction company's stock valued at $384,740,000 after purchasing an additional 280,502 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in United Rentals in the fourth quarter worth $171,733,000. Institutional investors own 96.26% of the company's stock.

United Rentals Price Performance

URI opened at $672.53 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The stock has a market capitalization of $43.71 billion, a P/E ratio of 17.36, a price-to-earnings-growth ratio of 1.43 and a beta of 1.70. The company's 50 day simple moving average is $616.74 and its 200-day simple moving average is $713.68. United Rentals, Inc. has a one year low of $525.91 and a one year high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing analysts' consensus estimates of $8.92 by ($0.06). The firm 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 firm's quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $9.15 earnings per share. Sell-side analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders 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 yield of 1.06%. United Rentals's payout ratio is presently 18.54%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on URI shares. Robert W. Baird increased their price objective on shares of United Rentals from $535.00 to $571.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. Baird R W raised shares of United Rentals from a "strong sell" rating to a "hold" rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. decreased their price objective on United Rentals from $1,000.00 to $750.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Sanford C. Bernstein raised United Rentals from an "underperform" rating to a "market perform" rating and dropped their target price for the stock from $705.00 to $666.00 in a report on Tuesday, March 25th. Finally, Morgan Stanley raised United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price target on the stock in a research note on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, United Rentals presently has an average rating of "Moderate Buy" and an average target price of $725.69.

Insider Activity

In related news, EVP Michael D. Durand sold 1,100 shares of the stock in a transaction that occurred on 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 $5,478,697.44. This represents a 11.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.53% of the company's stock.

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.

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