Northeast Investment Management Has $18.74 Million Stake in United Rentals, Inc. (NYSE:URI)

Northeast Investment Management grew its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 4.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 29,900 shares of the construction company's stock after purchasing an additional 1,191 shares during the quarter. Northeast Investment Management's holdings in United Rentals were worth $18,738,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in URI. Norges Bank acquired a new stake in United Rentals in the 4th quarter valued at $695,716,000. GAMMA Investing LLC increased its holdings in United Rentals by 77,674.5% in the 1st quarter. GAMMA Investing LLC now owns 887,407 shares of the construction company's stock valued at $556,138,000 after purchasing an additional 886,266 shares in the last quarter. Leigh Baldwin & CO. LLC acquired a new stake in shares of United Rentals during the fourth quarter valued at about $330,989,000. Capital World Investors grew its stake in shares of United Rentals by 17.1% during the fourth quarter. Capital World Investors now owns 2,221,228 shares of the construction company's stock valued at $1,564,722,000 after acquiring an additional 323,636 shares in the last quarter. Finally, Capital International Investors grew its stake in shares of United Rentals by 41.0% during the fourth quarter. Capital International Investors now owns 1,051,365 shares of the construction company's stock valued at $740,624,000 after acquiring an additional 305,491 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Performance

Shares of NYSE:URI traded down $21.83 during trading hours on Friday, hitting $695.09. The stock had a trading volume of 468,449 shares, compared to its average volume of 589,769. The stock's fifty day simple moving average is $662.96 and its 200 day simple moving average is $691.40. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $896.98. The firm has a market capitalization of $45.18 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 1.43 and a beta of 1.70. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98.

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

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors 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 dividend on an annualized basis and a dividend yield of 1.03%. United Rentals's dividend payout ratio is presently 18.54%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. UBS Group upgraded United Rentals from a "sell" rating to a "neutral" rating and raised their target price for the company from $485.00 to $780.00 in a research note on Friday, May 16th. Robert W. Baird increased their price target on shares of United Rentals from $535.00 to $571.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Redburn Atlantic cut shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price target on the stock. in a research report on Friday. Evercore ISI reduced their price target 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, Citigroup cut their target price on shares of United Rentals from $720.00 to $650.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, United Rentals has an average rating of "Moderate Buy" and an average price target of $753.64.

Insider Activity at United Rentals

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of United Rentals stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $705.86, for a total value of $499,748.88. Following the transaction, the vice president now owns 1,921 shares in the company, valued at approximately $1,355,957.06. The trade was a 26.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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 stock was sold at an average price of $626.28, for a total transaction of $688,908.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Company insiders own 0.53% of the company's stock.

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.