Landing Point Financial Group LLC Purchases Shares of 979 United Rentals, Inc. (NYSE:URI)

Landing Point Financial Group LLC acquired a new stake in United Rentals, Inc. (NYSE:URI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 979 shares of the construction company's stock, valued at approximately $719,000. United Rentals accounts for approximately 0.6% of Landing Point Financial Group LLC's investment portfolio, making the stock its 25th biggest position.

Other large investors have also recently made changes to their positions in the company. Rialto Wealth Management LLC bought a new position in United Rentals during the fourth quarter valued at $25,000. ORG Wealth Partners LLC purchased a new position in shares of United Rentals during the 4th quarter valued at $26,000. Murphy & Mullick Capital Management Corp bought a new position in shares of United Rentals during the 4th quarter worth $27,000. Meeder Asset Management Inc. increased its holdings in 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 last quarter. Finally, Hanson & Doremus Investment Management bought a new stake in United Rentals in the 4th quarter valued at about $33,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Price Performance

NYSE:URI traded down $13.12 during midday trading on Friday, hitting $634.25. The company had a trading volume of 460,034 shares, compared to its average volume of 592,625. The company has a market capitalization of $41.44 billion, a PE ratio of 16.38, a P/E/G ratio of 1.43 and a beta of 1.72. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $896.98. The stock's fifty day moving average price is $617.66 and its 200-day moving average price is $728.14.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $8.92 by ($0.06). The firm had revenue of $3.72 billion during the quarter, compared to analysts' expectations of $3.61 billion. United Rentals had a return on equity of 34.21% and a net margin of 16.78%. As a group, research analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Wednesday, May 14th. United Rentals's dividend payout ratio (DPR) is presently 18.54%.

Wall Street Analysts Forecast Growth

URI has been the subject of several recent research reports. Sanford C. Bernstein upgraded shares of United Rentals from an "underperform" rating to a "market perform" rating and reduced their target price for the stock from $705.00 to $666.00 in a research note on Tuesday, March 25th. Bank of America reduced 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 note on Friday, March 21st. UBS Group downgraded United Rentals from a "buy" rating to a "sell" rating and dropped their target price for the stock from $910.00 to $485.00 in a research report on Monday, April 7th. Baird R W raised United Rentals from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. lowered their price target on shares of United Rentals from $1,000.00 to $750.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $727.43.

Insider Transactions at United Rentals

In other news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the transaction, the chief financial officer now owns 6,880 shares in the company, valued at approximately $4,390,128. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.53% of the company's stock.

United Rentals Company 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.