Leigh Baldwin & CO. LLC Invests $470,000 in United Rentals, Inc. (NYSE:URI)

Leigh Baldwin & CO. LLC purchased a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 667 shares of the construction company's stock, valued at approximately $470,000.

Several other large investors also recently bought and sold shares of URI. Rialto Wealth Management LLC acquired a new position in shares of United Rentals during the 4th quarter worth approximately $25,000. Murphy & Mullick Capital Management Corp purchased a new position in United Rentals during the fourth quarter worth approximately $27,000. Meeder Asset Management Inc. boosted its stake in United Rentals by 241.7% during the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock worth $29,000 after buying an additional 29 shares during the last quarter. Hanson & Doremus Investment Management purchased a new stake in United Rentals in the 4th quarter valued at $33,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of United Rentals in the 4th quarter worth $34,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

Wall Street Analyst Weigh In

URI has been the topic of several recent research reports. Evercore ISI lowered their price target on shares of United Rentals from $974.00 to $921.00 and set an "outperform" rating on the stock in a research report on Monday, May 19th. Cfra Research upgraded shares of United Rentals to a "strong-buy" rating in a report on Friday, April 25th. JPMorgan Chase & Co. increased their price target 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. UBS Group raised shares of United Rentals from a "sell" rating to a "neutral" rating and lifted their price target for the company from $485.00 to $780.00 in a research report on Friday, May 16th. Finally, Robert W. Baird upped their price objective on United Rentals from $535.00 to $571.00 and gave the company a "neutral" rating in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $753.15.

Insider Activity

In other United Rentals news, EVP Michael D. Durand sold 1,100 shares of the company's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total transaction of $688,908.00. Following the sale, the executive vice president now owns 8,748 shares in the company, valued at $5,478,697.44. This represents a 11.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Andrew B. Limoges sold 708 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $705.86, for a total value of $499,748.88. Following the completion of the sale, the vice president now directly owns 1,921 shares in the company, valued at $1,355,957.06. This represents a 26.93% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.53% of the company's stock.

United Rentals Trading Down 0.8%

NYSE:URI traded down $6.08 during trading hours on Wednesday, reaching $711.48. 273,925 shares of the stock were exchanged, compared to its average volume of 602,008. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $896.98. The business has a 50-day moving average of $639.58 and a two-hundred day moving average of $704.31. The company has a market capitalization of $46.25 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 1.43 and a beta of 1.70. 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 posted its earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share (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 analyst estimates of $3.61 billion. United Rentals had a return on equity of 34.21% and a net margin of 16.78%. United Rentals's revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the company posted $9.15 EPS. On average, equities analysts predict that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be paid a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Wednesday, May 14th. United Rentals's payout ratio is 18.54%.

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.