367 Shares in United Rentals, Inc. (NYSE:URI) Bought by Northstar Financial Companies Inc.

Northstar Financial Companies Inc. bought a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 367 shares of the construction company's stock, valued at approximately $259,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Centaurus Financial Inc. raised its position in shares of United Rentals by 1.7% during the 4th quarter. Centaurus Financial Inc. now owns 999 shares of the construction company's stock worth $704,000 after acquiring an additional 17 shares in the last quarter. Mattson Financial Services LLC raised its position in shares of United Rentals by 12.1% during the 4th quarter. Mattson Financial Services LLC now owns 3,020 shares of the construction company's stock worth $2,127,000 after acquiring an additional 325 shares in the last quarter. Probity Advisors Inc. raised its position in shares of United Rentals by 3.8% during the 4th quarter. Probity Advisors Inc. now owns 1,737 shares of the construction company's stock worth $1,224,000 after acquiring an additional 63 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in shares of United Rentals during the 4th quarter worth about $132,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of United Rentals during the 4th quarter worth about $32,261,000. Institutional investors and hedge funds own 96.26% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on URI shares. JPMorgan Chase & Co. raised their target price on United Rentals from $780.00 to $920.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Cfra Research raised United Rentals to a "strong-buy" rating in a research report on Friday, April 25th. Evercore ISI cut their price target on United Rentals from $974.00 to $921.00 and set an "outperform" rating on the stock in a research report on Monday, May 19th. 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 report on Wednesday, April 16th. Finally, Sanford C. Bernstein raised United Rentals from an "underperform" rating to a "market perform" rating and cut their price target for the stock from $705.00 to $666.00 in a research report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, United Rentals presently has an average rating of "Moderate Buy" and an average price target of $753.15.

Insider Activity at United Rentals

In related news, VP Andrew B. Limoges sold 708 shares of United Rentals 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 directly owns 1,921 shares in the company, valued at $1,355,957.06. The trade was 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 through this link. Also, EVP Michael D. Durand sold 1,100 shares of United Rentals 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 completion of the sale, the executive vice president now owns 8,748 shares in the company, valued at approximately $5,478,697.44. This trade represents a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.53% of the company's stock.

United Rentals Stock Performance

Shares of URI stock traded down $6.09 during midday trading on Friday, hitting $708.89. The company had a trading volume of 729,807 shares, compared to its average volume of 602,450. The company's 50 day simple moving average is $643.68 and its 200 day simple moving average is $702.16. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $896.98. The stock has a market cap of $46.08 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 1.43 and a beta of 1.70. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92.

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 for the quarter, missing the consensus estimate of $8.92 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. The company had revenue of $3.72 billion during the quarter, compared to analysts' expectations of $3.61 billion. During the same quarter last year, the business posted $9.15 earnings per share. The company's revenue for the quarter was up 6.7% compared to the same quarter last year. Research analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were paid a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.01%. United Rentals's dividend payout ratio (DPR) 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.