Arbor Trust Wealth Advisors LLC Buys Shares of 370 United Rentals, Inc. (NYSE:URI)

Arbor Trust Wealth Advisors LLC purchased a new position in United Rentals, Inc. (NYSE:URI - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 370 shares of the construction company's stock, valued at approximately $232,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Rialto Wealth Management LLC bought a new position in United Rentals in the 4th quarter worth $25,000. Fourth Dimension Wealth LLC purchased a new position in shares of United Rentals in the first quarter valued at about $26,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of United Rentals in the fourth quarter valued at about $27,000. Meeder Asset Management Inc. boosted its stake in shares of United Rentals by 241.7% in the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock worth $29,000 after acquiring an additional 29 shares during the period. Finally, OFI Invest Asset Management purchased a new stake in shares of United Rentals during the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

Insider Buying and Selling at United Rentals

In other news, VP Andrew B. Limoges sold 708 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were 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 owned 1,921 shares in the company, valued at approximately $1,355,957.06. The trade was a 26.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael D. Durand sold 1,100 shares of United Rentals stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total transaction of $688,908.00. Following the completion of the transaction, the executive vice president directly owned 8,748 shares in the company, valued at $5,478,697.44. The trade was a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by insiders.

United Rentals Trading Up 0.3%

United Rentals stock traded up $2.43 during mid-day trading on Thursday, hitting $790.22. The company's stock had a trading volume of 164,327 shares, compared to its average volume of 585,961. The stock's fifty day moving average is $700.20 and its two-hundred day moving average is $682.97. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $51.36 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 1.89 and a beta of 1.69. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing the consensus estimate of $8.92 by ($0.06). The firm 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 33.11% and a net margin of 16.38%. The company's quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $9.15 earnings per share. On average, analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were issued 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 0.91%. United Rentals's payout ratio is 18.54%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on URI. JPMorgan Chase & Co. raised their target price on shares of United Rentals from $780.00 to $920.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Cfra Research raised shares of United Rentals to a "strong-buy" rating in a report on Friday, April 25th. Citigroup reaffirmed a "buy" rating and issued a $810.00 target price (up from $740.00) on shares of United Rentals in a report on Tuesday, June 24th. Bank of America decreased their target price on United Rentals from $850.00 to $750.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Finally, Sanford C. Bernstein raised United Rentals from an "underperform" rating to a "market perform" rating and dropped their price target for the company from $705.00 to $666.00 in a research note on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $766.23.

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.