Swisher Financial Concepts Inc. Invests $440,000 in United Rentals, Inc. (NYSE:URI)

Swisher Financial Concepts Inc. bought a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 701 shares of the construction company's stock, valued at approximately $440,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Adell Harriman & Carpenter Inc. lifted its position in United Rentals by 1.8% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company's stock worth $573,000 after acquiring an additional 14 shares during the last quarter. Valmark Advisers Inc. grew its position in United Rentals by 1.8% during the fourth quarter. Valmark Advisers Inc. now owns 788 shares of the construction company's stock worth $555,000 after buying an additional 14 shares in the last quarter. Erste Asset Management GmbH increased its stake in United Rentals by 0.5% during 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 holdings in United Rentals by 1.9% in the 4th quarter. Forum Financial Management LP now owns 749 shares of the construction company's stock valued at $528,000 after acquiring an additional 14 shares in the last quarter. Finally, Klingman & Associates LLC lifted its position in shares of United Rentals by 2.3% in the 4th quarter. Klingman & Associates LLC now owns 669 shares of the construction company's stock worth $471,000 after acquiring an additional 15 shares during the period. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Price Performance

Shares of United Rentals stock traded down $5.60 during mid-day trading on Wednesday, reaching $697.29. 266,823 shares of the stock were exchanged, compared to its average volume of 599,059. The company has a market cap of $45.32 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 1.43 and a beta of 1.71. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The firm has a 50-day simple moving average of $645.78 and a 200 day simple moving average of $699.05. 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 announced its earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. The company's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter last year, the business earned $9.15 EPS. On average, sell-side analysts predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were given a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 1.03%. The ex-dividend date was Wednesday, May 14th. United Rentals's payout ratio is presently 18.54%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Cfra Research upgraded United Rentals to a "strong-buy" rating in a research report on Friday, April 25th. Bank of America lowered their price target on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Citigroup reduced their price objective on shares of United Rentals from $720.00 to $650.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Evercore ISI decreased 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 report on Monday, May 19th. Finally, Morgan Stanley raised shares of United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price target for the company in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $753.15.

Insider Buying and Selling at United Rentals

In other United Rentals news, EVP Michael D. Durand sold 1,100 shares of the firm's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total value of $688,908.00. Following the completion of the sale, the executive vice president now owns 8,748 shares in the company, valued at approximately $5,478,697.44. This trade represents a 11.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Andrew B. Limoges sold 708 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were 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 owns 1,921 shares of the company's stock, valued at $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 0.51% of the company's stock.

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.