Farther Finance Advisors LLC Grows Stock Holdings in United Rentals, Inc. (NYSE:URI)

Farther Finance Advisors LLC boosted its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 101.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 859 shares of the construction company's stock after acquiring an additional 433 shares during the period. Farther Finance Advisors LLC's holdings in United Rentals were worth $543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Capital World Investors raised its stake in shares of United Rentals by 17.1% in the fourth 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 during the last quarter. Geode Capital Management LLC grew its stake in shares of United Rentals by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 1,587,203 shares of the construction company's stock worth $1,115,142,000 after purchasing an additional 20,401 shares during the period. Alliancebernstein L.P. boosted its holdings in United Rentals by 16.0% during the fourth quarter. Alliancebernstein L.P. now owns 1,250,324 shares of the construction company's stock worth $880,778,000 after buying an additional 172,340 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of United Rentals by 9.8% during the 4th quarter. Franklin Resources Inc. now owns 1,093,350 shares of the construction company's stock worth $770,199,000 after acquiring an additional 97,336 shares in the last quarter. Finally, Capital International Investors boosted its position in United Rentals by 41.0% during the fourth quarter. Capital International Investors now owns 1,051,365 shares of the construction company's stock worth $740,624,000 after purchasing an additional 305,491 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors.

United Rentals Stock Performance

United Rentals stock traded down $6.76 during midday trading on Monday, hitting $688.08. 625,442 shares of the company's stock were exchanged, compared to its average volume of 589,911. 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 cap of $44.72 billion, a price-to-earnings ratio of 17.76, 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. The firm's 50 day simple moving average is $662.96 and its 200 day simple moving average is $690.24.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 EPS 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 for the quarter, compared to analysts' expectations of $3.61 billion. During the same period in the prior year, the company earned $9.15 earnings per share. The firm's revenue was up 6.7% on a year-over-year basis. Equities research analysts predict 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. Shareholders of record on Wednesday, May 14th were given a dividend of $1.79 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a yield of 1.04%. United Rentals's payout ratio is currently 18.54%.

Wall Street Analysts Forecast Growth

URI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of United Rentals from $780.00 to $920.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. The Goldman Sachs Group increased their target price on shares of United Rentals from $770.00 to $850.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. Redburn Atlantic lowered shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price target on the stock. in a research report on Friday. Bank of America lowered their target price on United Rentals from $850.00 to $750.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Finally, Citigroup lowered their price target on shares of United Rentals from $720.00 to $650.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $753.64.

Insider Transactions at United Rentals

In related news, EVP Michael D. Durand sold 1,100 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president now owns 8,748 shares of the company's stock, valued at approximately $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. Also, 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 transaction of $499,748.88. Following the completion of the sale, the vice president now directly owns 1,921 shares of the company's stock, valued at $1,355,957.06. The trade was a 26.93% 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.

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.