Sanibel Captiva Trust Company Inc. Buys 576 Shares of United Rentals, Inc. (NYSE:URI)

Sanibel Captiva Trust Company Inc. boosted its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 17.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,802 shares of the construction company's stock after buying an additional 576 shares during the period. Sanibel Captiva Trust Company Inc.'s holdings in United Rentals were worth $2,383,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC bought a new stake in United Rentals during the 4th quarter valued at $25,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of United Rentals during the 4th quarter worth about $27,000. Meeder Asset Management Inc. lifted its stake in shares of United Rentals by 241.7% in the 4th 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. Kestra Investment Management LLC bought a new position in shares of United Rentals in the fourth quarter valued at approximately $34,000. Finally, OFI Invest Asset Management acquired a new stake in United Rentals in the fourth quarter worth approximately $36,000. 96.26% of the stock is currently owned by institutional investors.

United Rentals Stock Performance

Shares of NYSE:URI traded down $6.72 during midday trading on Thursday, hitting $713.23. The company's stock had a trading volume of 117,297 shares, compared to its average volume of 592,097. 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's 50 day simple moving average is $656.94 and its 200 day simple moving average is $694.79. The stock has a market capitalization of $46.36 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 1.43 and a beta of 1.70. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $896.98.

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

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were paid a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend was Wednesday, May 14th. United Rentals's payout ratio is presently 18.54%.

Insider Activity at United Rentals

In other news, EVP Michael D. Durand sold 1,100 shares of United Rentals stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total transaction of $688,908.00. Following the sale, the executive vice president now directly owns 8,748 shares in the company, valued at approximately $5,478,697.44. The trade was a 11.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 sale, the vice president now directly owns 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. Corporate insiders own 0.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on URI shares. The Goldman Sachs Group increased their price objective on United Rentals from $770.00 to $850.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. Sanford C. Bernstein upgraded 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 report on Tuesday, March 25th. Bank of America reduced their price target 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. Evercore ISI cut their target price on shares of United Rentals from $974.00 to $921.00 and set an "outperform" rating on the stock in a research note on Monday, May 19th. Finally, JPMorgan Chase & Co. increased their price objective on United Rentals from $780.00 to $920.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $753.15.

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.