Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Lowers Stock Position in United Rentals, Inc. (NYSE:URI)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 58.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,940 shares of the construction company's stock after selling 4,064 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in United Rentals were worth $1,732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in URI. Cutter & CO Brokerage Inc. boosted its position in shares of United Rentals by 6.7% in the 4th quarter. Cutter & CO Brokerage Inc. now owns 320 shares of the construction company's stock valued at $225,000 after purchasing an additional 20 shares during the period. National Pension Service lifted its stake in United Rentals by 79.8% in the fourth quarter. National Pension Service now owns 167,813 shares of the construction company's stock valued at $118,214,000 after buying an additional 74,479 shares during the last quarter. K.J. Harrison & Partners Inc boosted its holdings in shares of United Rentals by 24.5% in the fourth quarter. K.J. Harrison & Partners Inc now owns 6,100 shares of the construction company's stock valued at $4,208,000 after acquiring an additional 1,200 shares during the period. Mn Services Vermogensbeheer B.V. grew its position in shares of United Rentals by 2.3% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 26,649 shares of the construction company's stock worth $18,773,000 after acquiring an additional 600 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in shares of United Rentals by 1.9% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 5,600 shares of the construction company's stock valued at $3,945,000 after acquiring an additional 103 shares during the period. 96.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of United Rentals stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $705.86, for a total value of $499,748.88. Following the completion of the sale, the vice president now owns 1,921 shares in the company, valued at $1,355,957.06. The trade was a 26.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael D. Durand sold 1,100 shares of the company's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total transaction of $688,908.00. Following the transaction, the executive vice president now directly owns 8,748 shares of the company's stock, valued at approximately $5,478,697.44. This represents a 11.17% decrease in their position. The disclosure for this sale can be found here. 0.51% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. UBS Group raised United Rentals from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $485.00 to $780.00 in a research report on Friday, May 16th. Cfra Research upgraded shares of United Rentals to a "strong-buy" rating in a research report on Friday, April 25th. Bank of America cut their price objective on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Morgan Stanley raised shares of United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 target price on the stock in a report on Wednesday, April 16th. Finally, Citigroup reissued a "buy" rating and set a $810.00 price target (up from $740.00) on shares of United Rentals in a report on Tuesday, June 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, United Rentals currently has an average rating of "Moderate Buy" and a consensus price target of $766.23.

United Rentals Price Performance

Shares of URI traded up $1.94 during mid-day trading on Monday, reaching $754.56. 264,383 shares of the company's stock were exchanged, compared to its average volume of 663,740. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 1.31. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $896.98. The company has a market cap of $49.05 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 1.84 and a beta of 1.71. The company has a 50-day simple moving average of $688.57 and a two-hundred day simple moving average of $681.77.

United Rentals (NYSE:URI - Get Free Report) last announced its earnings results 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 16.38% and a return on equity of 33.11%. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter last year, the company posted $9.15 EPS. United Rentals's quarterly revenue was up 6.7% compared to the same quarter last year. On average, sell-side analysts predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were issued a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a yield of 0.95%. United Rentals's dividend payout ratio (DPR) is 18.54%.

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.