1,254 Shares in United Rentals, Inc. (NYSE:URI) Purchased by PFG Investments LLC

PFG Investments LLC bought a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,254 shares of the construction company's stock, valued at approximately $904,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Drive Wealth Management LLC acquired a new position in shares of United Rentals in the 1st quarter valued at $224,000. Ashton Thomas Private Wealth LLC boosted its position in shares of United Rentals by 1.5% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 1,824 shares of the construction company's stock worth $1,315,000 after acquiring an additional 27 shares in the last quarter. First Trust Direct Indexing L.P. lifted its stake in United Rentals by 14.2% in the 1st quarter. First Trust Direct Indexing L.P. now owns 2,483 shares of the construction company's stock valued at $1,791,000 after purchasing an additional 308 shares during the last quarter. Fluent Financial LLC bought a new position in shares of United Rentals during the first quarter valued at $208,000. Finally, Norden Group LLC bought a new position in shares of United Rentals during the first quarter valued at $312,000. Institutional investors own 96.26% of the company's stock.

Insider Buying and Selling

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. BNP Paribas reiterated an "underperform" rating and set a $485.00 price objective on shares of United Rentals in a research report on Friday, January 5th. Robert W. Baird raised their price target on shares of United Rentals from $322.00 to $559.00 and gave the company an "underperform" rating in a research report on Friday, January 26th. Barclays lifted their price objective on shares of United Rentals from $325.00 to $400.00 and gave the stock an "underweight" rating in a research report on Friday, January 26th. Stifel Nicolaus boosted their price target on shares of United Rentals from $720.00 to $750.00 and gave the company a "buy" rating in a research report on Friday. Finally, Morgan Stanley initiated coverage on shares of United Rentals in a research report on Monday, January 8th. They issued an "equal weight" rating and a $500.00 price target on the stock. Three analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $600.57.

United Rentals Stock Down 0.0 %

Shares of NYSE:URI traded down $0.12 during midday trading on Friday, reaching $690.80. The company's stock had a trading volume of 581,711 shares, compared to its average volume of 538,819. The firm has a 50 day moving average of $681.18 and a 200-day moving average of $580.42. The firm has a market capitalization of $46.00 billion, a P/E ratio of 18.71, a PEG ratio of 2.40 and a beta of 1.84. The company has a quick ratio of 0.75, a current ratio of 0.89 and a debt-to-equity ratio of 1.39. United Rentals, Inc. has a 12-month low of $325.15 and a 12-month high of $732.37.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The construction company reported $9.15 earnings per share for the quarter, beating analysts' consensus estimates of $8.35 by $0.80. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.44 billion. During the same period last year, the business earned $7.95 EPS. United Rentals's revenue was up 6.1% compared to the same quarter last year. On average, research analysts anticipate that United Rentals, Inc. will post 43.54 earnings per share for the current year.

United Rentals announced that its Board of Directors has authorized a stock repurchase 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 reacquire up to 3.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Tuesday, May 7th. United Rentals's payout ratio is 17.66%.

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.

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