Intellectus Partners LLC Takes Position in United Rentals, Inc. (NYSE:URI)

Intellectus Partners LLC purchased a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 974 shares of the construction company's stock, valued at approximately $610,000.

Several other hedge funds also recently modified their holdings of URI. JPMorgan Chase & Co. boosted its stake in shares of United Rentals by 15.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company's stock worth $637,968,000 after purchasing an additional 105,287 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of United Rentals during the 4th quarter worth about $16,253,000. DAVENPORT & Co LLC boosted its position in shares of United Rentals by 35.3% in the fourth quarter. DAVENPORT & Co LLC now owns 1,001 shares of the construction company's stock worth $705,000 after acquiring an additional 261 shares during the last quarter. Stratos Wealth Advisors LLC boosted its position in shares of United Rentals by 14.6% in the fourth quarter. Stratos Wealth Advisors LLC now owns 642 shares of the construction company's stock worth $453,000 after acquiring an additional 82 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of United Rentals by 29.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,945 shares of the construction company's stock worth $8,489,000 after acquiring an additional 2,742 shares during the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at United Rentals

In other news, EVP Michael D. Durand sold 1,100 shares of the business's 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 now owns 8,748 shares of the company's stock, valued at approximately $5,478,697.44. The trade was a 11.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Andrew B. Limoges sold 708 shares of the business's stock in a transaction 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 transaction, the vice president now directly owns 1,921 shares of the company's stock, valued at approximately $1,355,957.06. This trade represents a 26.93% decrease in their position. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Bank of America decreased their target price on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Cfra Research raised shares of United Rentals to a "strong-buy" rating in a research report on Friday, April 25th. Sanford C. Bernstein raised shares of United Rentals from an "underperform" rating to a "market perform" rating and decreased their target price for the stock from $705.00 to $666.00 in a research report on Tuesday, March 25th. JPMorgan Chase & Co. raised their target price 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. Finally, Morgan Stanley raised shares of United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 target price on the stock in a research report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $753.15.

United Rentals Stock Up 1.2%

Shares of URI traded up $8.58 during mid-day trading on Tuesday, reaching $715.79. 441,583 shares of the stock traded hands, compared to its average volume of 594,822. The firm has a market cap of $46.53 billion, a price-to-earnings ratio of 18.47, a P/E/G ratio of 1.43 and a beta of 1.70. The stock has a fifty day simple moving average of $653.84 and a 200 day simple moving average of $694.62. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $896.98. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing analysts' consensus estimates of $8.92 by ($0.06). The firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.61 billion. United Rentals had a return on equity of 34.21% and a net margin of 16.78%. The business's quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $9.15 EPS. Sell-side analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders 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 yield of 1.00%. The ex-dividend date of this dividend was Wednesday, May 14th. United Rentals's dividend payout ratio 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.