Logan Capital Management Inc. Has $24.67 Million Holdings in United Rentals, Inc. (NYSE:URI)

Logan Capital Management Inc. trimmed its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 6.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,026 shares of the construction company's stock after selling 2,344 shares during the quarter. United Rentals accounts for about 1.0% of Logan Capital Management Inc.'s portfolio, making the stock its 22nd biggest holding. Logan Capital Management Inc. owned 0.05% of United Rentals worth $24,674,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in URI. GHP Investment Advisors Inc. grew its position in United Rentals by 6.3% in the fourth quarter. GHP Investment Advisors Inc. now owns 14,855 shares of the construction company's stock worth $10,464,000 after buying an additional 877 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of United Rentals by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 445,214 shares of the construction company's stock worth $313,627,000 after acquiring an additional 6,787 shares during the last quarter. Fiduciary Alliance LLC raised its position in shares of United Rentals by 196.5% during the fourth quarter. Fiduciary Alliance LLC now owns 1,420 shares of the construction company's stock worth $1,000,000 after purchasing an additional 941 shares during the period. Blueshift Asset Management LLC purchased a new stake in shares of United Rentals during the fourth quarter valued at $649,000. Finally, Penobscot Investment Management Company Inc. boosted its position in shares of United Rentals by 35.1% in the 4th quarter. Penobscot Investment Management Company Inc. now owns 4,114 shares of the construction company's stock valued at $2,898,000 after purchasing an additional 1,068 shares during the period. Institutional investors own 96.26% of the company's stock.

United Rentals Stock Up 0.0%

URI traded up $0.02 during trading on Thursday, reaching $713.37. 608,573 shares of the stock traded hands, compared to its average volume of 601,204. The stock's 50-day simple moving average is $621.98 and its two-hundred day simple moving average is $712.30. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $896.98. The stock has a market cap of $46.37 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 1.43 and a beta of 1.70.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share for the quarter, missing analysts' consensus estimates of $8.92 by ($0.06). The firm had revenue of $3.72 billion for 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%. The firm's revenue for the quarter was up 6.7% on a year-over-year basis. During the same period last year, the business earned $9.15 earnings per share. As a group, equities research analysts expect that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be given a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Wednesday, May 14th. United Rentals's dividend payout ratio is 18.54%.

Insiders Place Their Bets

In related news, VP Andrew B. Limoges sold 708 shares of United Rentals stock in a transaction 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 completion of the sale, the vice president now owns 1,921 shares of the company's stock, valued at approximately $1,355,957.06. The trade was a 26.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael D. Durand sold 1,100 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 8,748 shares in the company, valued at $5,478,697.44. The trade was a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,908 shares of company stock valued at $1,890,567 over the last ninety days. Corporate insiders own 0.53% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on URI. Sanford C. Bernstein raised shares of United Rentals from an "underperform" rating to a "market perform" rating and reduced their price objective for the company from $705.00 to $666.00 in a research note on Tuesday, March 25th. Robert W. Baird upped their price target on shares of United Rentals from $535.00 to $571.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Morgan Stanley upgraded shares of United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price objective on the stock in a research report on Wednesday, April 16th. 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 research note on Tuesday, April 8th. Finally, UBS Group cut United Rentals from a "buy" rating to a "sell" rating and decreased their target price for the stock from $910.00 to $485.00 in a research report on Monday, April 7th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, United Rentals currently has an average rating of "Moderate Buy" and an average price target of $725.69.

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.