Legacy Trust Has $11.54 Million Stock Holdings in United Rentals, Inc. (NYSE:URI)

Legacy Trust lowered its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 6.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,117 shares of the construction company's stock after selling 1,431 shares during the quarter. United Rentals makes up 3.0% of Legacy Trust's investment portfolio, making the stock its 4th largest position. Legacy Trust's holdings in United Rentals were worth $11,535,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. AdvisorNet Financial Inc boosted its stake in United Rentals by 71.4% in the 4th quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company's stock worth $28,000 after purchasing an additional 20 shares during the period. OFI Invest Asset Management purchased a new stake in shares of United Rentals in the 3rd quarter valued at about $25,000. NBC Securities Inc. purchased a new stake in shares of United Rentals in the 3rd quarter valued at about $29,000. DHJJ Financial Advisors Ltd. purchased a new stake in shares of United Rentals in the 3rd quarter valued at about $31,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of United Rentals in the 3rd quarter valued at about $40,000. Institutional investors own 96.26% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on URI shares. Morgan Stanley started coverage on United Rentals in a report on Monday, January 8th. They issued an "equal weight" rating and a $500.00 price target on the stock. Wells Fargo & Company raised their price target on United Rentals from $630.00 to $710.00 and gave the company an "overweight" rating in a report on Friday, January 26th. Citigroup raised their price target on United Rentals from $490.00 to $650.00 and gave the company a "buy" rating in a report on Friday, December 15th. Stifel Nicolaus raised their price target on United Rentals from $494.00 to $591.00 and gave the company a "buy" rating in a report on Tuesday, December 19th. Finally, BNP Paribas reissued an "underperform" rating and set a $485.00 price objective on shares of United Rentals in a report on Friday, January 5th. Three analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, United Rentals has an average rating of "Hold" and a consensus price target of $572.20.

Insider Buying and Selling

In other news, CFO William E. Grace sold 775 shares of United Rentals stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $655.62, for a total value of $508,105.50. Following the sale, the chief financial officer now directly owns 6,323 shares in the company, valued at approximately $4,145,485.26. The sale was disclosed in a filing with the SEC, which is available through this link. 0.53% of the stock is owned by corporate insiders.

United Rentals Trading Up 1.9 %

URI traded up $13.03 on Friday, hitting $706.86. 275,893 shares of the company were exchanged, compared to its average volume of 580,347. The firm has a fifty day simple moving average of $676.01 and a two-hundred day simple moving average of $554.86. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.75 and a current ratio of 0.81. United Rentals, Inc. has a 12 month low of $325.15 and a 12 month high of $732.37. The stock has a market capitalization of $47.48 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 2.62 and a beta of 1.84.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings results on Wednesday, January 24th. The construction company reported $11.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.85 by $0.41. United Rentals had a return on equity of 36.80% and a net margin of 16.91%. The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.63 billion. During the same period last year, the company earned $9.74 EPS. United Rentals's revenue for the quarter was up 13.1% compared to the same quarter last year. Sell-side analysts expect that United Rentals, Inc. will post 43.08 earnings per share for the current year.

United Rentals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 0.92%. This is a positive change from United Rentals's previous quarterly dividend of $1.48. The ex-dividend date of this dividend was Tuesday, February 13th. United Rentals's dividend payout ratio (DPR) is presently 18.44%.

United Rentals announced that its Board of Directors has authorized a share buyback program on Wednesday, January 24th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 3.8% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board believes its shares are undervalued.

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.