Calton & Associates Inc. Buys 65,118 Shares of United Rentals, Inc. (NYSE:URI)

Calton & Associates Inc. raised its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 15,999.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 65,525 shares of the construction company's stock after acquiring an additional 65,118 shares during the period. United Rentals makes up about 5.0% of Calton & Associates Inc.'s portfolio, making the stock its 4th biggest position. Calton & Associates Inc. owned about 0.10% of United Rentals worth $41,065,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Murphy & Mullick Capital Management Corp acquired a new position in shares of United Rentals in the 4th quarter valued at $27,000. Meeder Asset Management Inc. raised its position in United Rentals by 241.7% during 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 during the period. TruNorth Capital Management LLC raised its position in United Rentals by 1,266.7% during the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock worth $26,000 after acquiring an additional 38 shares during the period. Fourth Dimension Wealth LLC acquired a new position in United Rentals during the first quarter worth $26,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in United Rentals by 69.0% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock worth $31,000 after acquiring an additional 20 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on URI shares. Morgan Stanley upgraded shares of United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 target price for the company in a research report on Wednesday, April 16th. Cfra Research upgraded shares of United Rentals to a "strong-buy" rating in a research report on Friday, April 25th. Sanford C. Bernstein upgraded shares of United Rentals from an "underperform" rating to a "market perform" rating and reduced their target price for the company from $705.00 to $666.00 in a research report on Tuesday, March 25th. Redburn Atlantic cut shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 target price for the company. in a research report on Friday, June 13th. Finally, Evercore ISI reduced their target price on shares of United Rentals from $974.00 to $921.00 and set an "outperform" rating for the company in a research report on Monday, May 19th. One research 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. Based on data from MarketBeat, United Rentals presently has an average rating of "Moderate Buy" and an average price target of $772.77.

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 owned 8,748 shares of the company's stock, valued at $5,478,697.44. This trade represents a 11.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Andrew B. Limoges sold 708 shares of the firm's stock in a transaction that occurred on 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 directly owned 1,921 shares in the company, valued at approximately $1,355,957.06. This trade represents a 26.93% decrease in their position. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by corporate insiders.

United Rentals Trading Down 3.5%

URI stock traded down $28.57 during mid-day trading on Monday, hitting $779.48. 449,236 shares of the company were exchanged, compared to its average volume of 585,763. 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 firm has a market capitalization of $50.67 billion, a P/E ratio of 20.21, a PEG ratio of 1.97 and a beta of 1.69. The business has a fifty day simple moving average of $736.90 and a 200-day simple moving average of $689.14. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last issued 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 business 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 33.11% and a net margin of 16.38%. The firm's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the prior year, the company posted $9.15 EPS. On average, equities research analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 0.92%. United Rentals's dividend payout ratio is presently 18.54%.

About United Rentals

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.