Silver Oak Securities Incorporated Has $841,000 Stock Holdings in United Rentals, Inc. (NYSE:URI)

Silver Oak Securities Incorporated lessened its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 21.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,340 shares of the construction company's stock after selling 358 shares during the period. Silver Oak Securities Incorporated's holdings in United Rentals were worth $841,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Erste Asset Management GmbH boosted its position in shares of United Rentals by 0.5% in the fourth quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company's stock valued at $2,002,000 after acquiring an additional 14 shares during the period. Forum Financial Management LP raised its stake in United Rentals by 1.9% during the fourth quarter. Forum Financial Management LP now owns 749 shares of the construction company's stock worth $528,000 after acquiring an additional 14 shares in the last quarter. Centaurus Financial Inc. raised its stake in United Rentals by 1.7% during the fourth quarter. Centaurus Financial Inc. now owns 999 shares of the construction company's stock worth $704,000 after acquiring an additional 17 shares in the last quarter. HBK Sorce Advisory LLC raised its stake in United Rentals by 4.0% during the first quarter. HBK Sorce Advisory LLC now owns 490 shares of the construction company's stock worth $307,000 after acquiring an additional 19 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC increased its stake in shares of United Rentals by 3.6% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 568 shares of the construction company's stock valued at $400,000 after buying an additional 20 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.

Insiders Place Their Bets

In other news, VP Andrew B. Limoges sold 708 shares of the company's stock in a transaction 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 directly owned 1,921 shares in the company, valued at approximately $1,355,957.06. This represents a 26.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Michael D. Durand sold 1,100 shares of the company's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total value of $688,908.00. Following the sale, the executive vice president owned 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 disclosure for this sale can be found here. Corporate insiders own 0.51% of the company's stock.

United Rentals Stock Performance

Shares of URI stock traded up $14.32 during trading on Tuesday, reaching $798.26. 342,754 shares of the company's stock were exchanged, compared to its average volume of 587,037. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $51.89 billion, a PE ratio of 20.67, a PEG ratio of 1.94 and a beta of 1.69. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $896.98. The firm's fifty day moving average price is $709.03 and its 200-day moving average price is $683.23.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly 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 during the quarter, compared to the consensus estimate of $3.61 billion. United Rentals had a net margin of 16.38% and a return on equity of 33.11%. The business's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter last year, the firm earned $9.15 earnings per share. As a group, sell-side analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders 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 dividend yield of 0.90%. United Rentals's payout ratio is 18.54%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on URI shares. Redburn Atlantic lowered United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 target price for the company. in a research note on Friday, June 13th. The Goldman Sachs Group raised their target price on United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Citigroup reiterated a "buy" rating and set a $810.00 price objective (up previously from $740.00) on shares of United Rentals in a report on Tuesday, June 24th. JPMorgan Chase & Co. boosted their target price on United Rentals from $780.00 to $920.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Finally, Sanford C. Bernstein upgraded United Rentals from an "underperform" rating to a "market perform" rating and cut their target price for the company from $705.00 to $666.00 in a research note on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $766.23.

United Rentals Company 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.