Brookstone Capital Management Grows Stock Position in United Rentals, Inc. (NYSE:URI)

Brookstone Capital Management boosted its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 118.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,821 shares of the construction company's stock after purchasing an additional 2,072 shares during the quarter. Brookstone Capital Management's holdings in United Rentals were worth $2,395,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Erste Asset Management GmbH increased its position in United Rentals by 0.5% during the 4th quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company's stock worth $2,002,000 after purchasing an additional 14 shares in the last quarter. Forum Financial Management LP boosted its stake in shares of United Rentals by 1.9% in the 4th quarter. Forum Financial Management LP now owns 749 shares of the construction company's stock valued at $528,000 after purchasing an additional 14 shares during the last quarter. Centaurus Financial Inc. boosted its stake in shares of United Rentals by 1.7% in the 4th quarter. Centaurus Financial Inc. now owns 999 shares of the construction company's stock valued at $704,000 after purchasing an additional 17 shares during the last quarter. HBK Sorce Advisory LLC boosted its stake in shares of United Rentals by 4.0% in the 1st quarter. HBK Sorce Advisory LLC now owns 490 shares of the construction company's stock valued at $307,000 after purchasing an additional 19 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC lifted its position in shares of United Rentals by 3.6% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 568 shares of the construction company's stock valued at $400,000 after acquiring an additional 20 shares during the period. Institutional investors and hedge funds own 96.26% of the company's stock.

Insider Transactions at United Rentals

In related news, EVP Michael D. Durand sold 1,100 shares of the company's stock in a transaction dated 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 owned 8,748 shares in the company, valued at $5,478,697.44. The trade was a 11.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Andrew B. Limoges sold 708 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $705.86, for a total transaction of $499,748.88. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders own 0.51% of the company's stock.

United Rentals Price Performance

Shares of URI stock traded up $12.18 during trading hours on Tuesday, hitting $796.12. 69,949 shares of the company's stock were exchanged, compared to its average volume of 657,086. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $896.98. The business's 50 day simple moving average is $709.03 and its 200-day simple moving average is $683.23. The company has a market capitalization of $51.75 billion, a PE ratio of 20.59, a PEG ratio of 1.94 and a beta of 1.69.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings data 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). United Rentals had a net margin of 16.38% and a return on equity of 33.11%. The company had revenue of $3.72 billion for the quarter, compared to analysts' expectations of $3.61 billion. During the same period in the previous year, the firm posted $9.15 earnings per share. The firm's revenue for the quarter was up 6.7% compared to the same quarter last year. On average, equities research analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Wednesday, May 14th. United Rentals's dividend payout ratio (DPR) is presently 18.54%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. UBS Group upgraded shares of United Rentals from a "sell" rating to a "neutral" rating and boosted their target price for the company from $485.00 to $780.00 in a research report on Friday, May 16th. Evercore ISI reduced their price target on shares of United Rentals from $974.00 to $921.00 and set an "outperform" rating for the company in a research report on Monday, May 19th. Cfra Research upgraded shares of United Rentals to a "strong-buy" rating in a research report on Friday, April 25th. Sanford C. Bernstein upgraded shares of United Rentals from an "underperform" rating to a "market perform" rating and reduced their target price for the stock from $705.00 to $666.00 in a research note on Tuesday, March 25th. Finally, Bank of America cut their price objective on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a research report on Friday, March 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $766.23.

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.