TD Private Client Wealth LLC Boosts Stock Position in United Rentals, Inc. (NYSE:URI)

TD Private Client Wealth LLC increased its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 70.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,921 shares of the construction company's stock after buying 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 quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp bought a new stake in United Rentals during the fourth quarter valued at about $27,000. Meeder Asset Management Inc. boosted its holdings in United Rentals by 241.7% in the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock worth $29,000 after acquiring an additional 29 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new stake in United Rentals in the first quarter worth about $26,000. OFI Invest Asset Management acquired a new stake in United Rentals in the fourth quarter worth about $36,000. Finally, Grove Bank & Trust acquired a new stake in United Rentals in the first quarter worth about $36,000. Institutional investors own 96.26% of the company's stock.

United Rentals Stock Performance

Shares of NYSE:URI traded up $18.79 during trading on Thursday, hitting $822.78. The stock had a trading volume of 168,342 shares, compared to its average volume of 655,115. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $896.98. The stock has a market capitalization of $53.48 billion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 1.93 and a beta of 1.69. 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 50-day simple moving average of $715.77 and a two-hundred day simple moving average of $684.83.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly 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). The company had revenue of $3.72 billion for the quarter, compared to analysts' expectations of $3.61 billion. United Rentals had a net margin of 16.38% and a return on equity of 33.11%. The firm's revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $9.15 earnings per share. On average, equities research analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 0.87%. The ex-dividend date was Wednesday, May 14th. United Rentals's dividend payout ratio is currently 18.54%.

Analyst Ratings Changes

Several equities research analysts have weighed in on URI shares. JPMorgan Chase & Co. raised their price target on United Rentals from $780.00 to $920.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Citigroup reissued a "buy" rating and issued a $810.00 price target (up previously from $740.00) on shares of United Rentals in a report on Tuesday, June 24th. Sanford C. Bernstein raised United Rentals from an "underperform" rating to a "market perform" rating and lowered their price target for the stock from $705.00 to $666.00 in a report on Tuesday, March 25th. The Goldman Sachs Group raised their price target on United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Finally, Bank of America lowered their price target on United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a report on Friday, March 21st. One 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 issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $766.23.

Insider Activity at United Rentals

In related news, VP Andrew B. Limoges sold 708 shares of United Rentals 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 transaction, the vice president directly owned 1,921 shares in the company, valued at approximately $1,355,957.06. This trade represents a 26.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael D. Durand sold 1,100 shares of United Rentals 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 transaction, the executive vice president owned 8,748 shares of the company's stock, valued at approximately $5,478,697.44. This represents a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by company insiders.

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.