Cetera Investment Advisers Boosts Stock Holdings in United Rentals, Inc. (NYSE:URI)

Cetera Investment Advisers increased its position in United Rentals, Inc. (NYSE:URI - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,350 shares of the construction company's stock after buying an additional 629 shares during the period. Cetera Investment Advisers' holdings in United Rentals were worth $20,676,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Centiva Capital LP grew its holdings in United Rentals by 123.4% during the fourth quarter. Centiva Capital LP now owns 2,971 shares of the construction company's stock valued at $2,093,000 after purchasing an additional 1,641 shares during the period. BOKF NA increased its position in shares of United Rentals by 9.0% during the 4th quarter. BOKF NA now owns 9,592 shares of the construction company's stock valued at $6,436,000 after purchasing an additional 790 shares during the last quarter. Brevan Howard Capital Management LP purchased a new stake in United Rentals during the fourth quarter valued at about $3,817,000. Cary Street Partners Financial LLC purchased a new stake in shares of United Rentals during the fourth quarter worth about $20,373,000. Finally, Baird Financial Group Inc. lifted its holdings in United Rentals by 4.2% in the fourth quarter. Baird Financial Group Inc. now owns 41,758 shares of the construction company's stock worth $29,416,000 after buying an additional 1,692 shares during the period. Institutional investors and hedge funds own 96.26% of the company's stock.

Insiders Place Their Bets

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of the company'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 value of $499,748.88. Following the sale, the vice president now owns 1,921 shares in the company, valued at $1,355,957.06. This represents a 26.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 transaction of $701,910.00. Following the transaction, the chief financial officer now directly owns 6,880 shares in the company, 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. In the last quarter, insiders have sold 2,908 shares of company stock valued at $1,890,567. 0.53% of the stock is currently owned by corporate insiders.

United Rentals Stock Performance

Shares of URI traded up $40.00 during mid-day trading on Monday, reaching $712.40. 1,002,660 shares of the company's stock traded hands, compared to its average volume of 599,213. The business's 50-day moving average price is $616.74 and its 200-day moving average price is $712.90. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. The stock has a market capitalization of $46.31 billion, a P/E ratio of 18.38, a price-to-earnings-growth ratio of 1.43 and a beta of 1.70. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 earnings per share 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 analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $9.15 EPS. Equities analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be given 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 yield of 1.01%. United Rentals's dividend payout ratio (DPR) is presently 18.54%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of United Rentals from $1,000.00 to $750.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Evercore ISI reduced their target price on shares of United Rentals from $1,004.00 to $974.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. UBS Group lowered shares of United Rentals from a "buy" rating to a "sell" rating and decreased their price target for the company from $910.00 to $485.00 in a research report on Monday, April 7th. Robert W. Baird lifted their target price on United Rentals from $535.00 to $571.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. Finally, Bank of America reduced their target price on United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $725.69.

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.