United Rentals, Inc. (NYSE:URI) Shares Purchased by TD Private Client Wealth LLC

TD Private Client Wealth LLC raised its position in United Rentals, Inc. (NYSE:URI - Free Report) by 70.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 2,921 shares of the construction company's stock after acquiring an additional 1,205 shares during the period. TD Private Client Wealth LLC's holdings in United Rentals were worth $1,831,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp acquired a new stake in shares of United Rentals in the 4th quarter worth $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. Fourth Dimension Wealth LLC acquired a new stake in shares of United Rentals in the 1st quarter worth $26,000. OFI Invest Asset Management acquired a new stake in shares of United Rentals in the 4th quarter worth $36,000. Finally, Grove Bank & Trust acquired a new stake in shares of United Rentals in the 1st quarter worth $36,000. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Price Performance

NYSE:URI traded down $5.47 during mid-day trading on Friday, hitting $814.27. 602,689 shares of the company's stock traded hands, compared to its average volume of 658,245. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.79 and a current ratio of 0.85. The firm's 50 day simple moving average is $719.35 and its 200 day simple moving average is $685.52. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $896.98. The company has a market cap of $52.93 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 1.96 and a beta of 1.69.

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 for the quarter, missing the consensus estimate of $8.92 by ($0.06). United Rentals had a net margin of 16.38% and a return on equity of 33.11%. The business had revenue of $3.72 billion for the quarter, compared to analysts' expectations of $3.61 billion. During the same quarter last year, the business posted $9.15 earnings per share. The business's revenue was up 6.7% compared to the same quarter last year. Sell-side analysts expect that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were paid a dividend of $1.79 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $7.16 annualized dividend and a dividend yield of 0.88%. United Rentals's dividend payout ratio is currently 18.54%.

Insider Activity

In related news, EVP Michael D. Durand sold 1,100 shares of the firm's stock in a transaction that occurred 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 directly owned 8,748 shares of the company's stock, valued at approximately $5,478,697.44. This trade represents a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Andrew B. Limoges sold 708 shares of the firm's stock in a transaction that occurred 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 $1,355,957.06. This represents a 26.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.53% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on URI. JPMorgan Chase & Co. increased their price target on shares of United Rentals from $920.00 to $950.00 and gave the company an "overweight" rating in a report on Thursday. Bank of America cut their price target on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a report on Friday, March 21st. Sanford C. Bernstein upgraded shares of United Rentals from an "underperform" rating to a "market perform" rating and cut their price target for the company from $705.00 to $666.00 in a report on Tuesday, March 25th. The Goldman Sachs Group increased their price target on shares of United Rentals from $770.00 to $850.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Finally, Robert W. Baird increased their price target on shares of United Rentals from $535.00 to $571.00 and gave the company a "neutral" rating in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued 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 $768.54.

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.