Choreo LLC Purchases New Stake in United Rentals, Inc. (NYSE:URI)

Choreo LLC purchased a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,438 shares of the construction company's stock, valued at approximately $825,000.

A number of other institutional investors have also recently bought and sold shares of URI. International Assets Investment Management LLC lifted its position in shares of United Rentals by 58,829.4% in the fourth quarter. International Assets Investment Management LLC now owns 1,043,051 shares of the construction company's stock worth $598,106,000 after purchasing an additional 1,041,281 shares in the last quarter. Deutsche Bank AG raised its position in United Rentals by 88.1% during the third quarter. Deutsche Bank AG now owns 362,151 shares of the construction company's stock worth $161,001,000 after acquiring an additional 169,586 shares in the last quarter. Invesco Ltd. raised its position in United Rentals by 19.1% during the third quarter. Invesco Ltd. now owns 933,428 shares of the construction company's stock worth $414,974,000 after acquiring an additional 149,838 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in United Rentals during the third quarter worth $40,634,000. Finally, The Manufacturers Life Insurance Company raised its position in United Rentals by 12.7% during the third quarter. The Manufacturers Life Insurance Company now owns 638,958 shares of the construction company's stock worth $284,061,000 after acquiring an additional 72,066 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.

Insider Buying and Selling at United Rentals

In other United Rentals news, CEO Matthew John Flannery sold 8,379 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the completion of the sale, the chief executive officer now owns 103,400 shares of the company's stock, valued at approximately $72,341,742. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Matthew John Flannery sold 8,379 shares of the firm's stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the completion of the sale, the chief executive officer now owns 103,400 shares of the company's stock, valued at approximately $72,341,742. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO William E. Grace sold 775 shares of the firm's stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $655.62, for a total transaction of $508,105.50. Following the sale, the chief financial officer now directly owns 6,323 shares of the company's stock, valued at approximately $4,145,485.26. The disclosure for this sale can be found here. Insiders own 0.53% of the company's stock.

United Rentals Trading Up 1.7 %

NYSE URI traded up $10.81 during trading hours on Thursday, reaching $664.57. The company's stock had a trading volume of 366,794 shares, compared to its average volume of 591,419. The firm has a fifty day simple moving average of $683.08 and a 200-day simple moving average of $584.45. The stock has a market cap of $44.25 billion, a P/E ratio of 17.71, a P/E/G ratio of 2.18 and a beta of 1.82. United Rentals, Inc. has a 52 week low of $325.15 and a 52 week high of $732.37. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.89 and a quick ratio of 0.83.

United Rentals (NYSE:URI - Get Free Report) last released its earnings results 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. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.44 billion. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $7.95 EPS. Equities analysts forecast that United Rentals, Inc. will post 43.52 earnings per share for the current fiscal year.

United Rentals announced that its board has initiated a stock repurchase plan on Wednesday, January 24th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the construction company to reacquire up to 3.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's management believes its stock is undervalued.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Tuesday, May 7th. United Rentals's dividend payout ratio is presently 17.66%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Barclays upped their price target 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. Wells Fargo & Company upped their price objective on shares of United Rentals from $630.00 to $710.00 and gave the company an "overweight" rating in a report on Friday, January 26th. Evercore ISI upped their price target on shares of United Rentals from $575.00 to $740.00 and gave the company an "outperform" rating in a research note on Tuesday, February 20th. Stifel Nicolaus upped their price target on shares of United Rentals from $720.00 to $750.00 and gave the company a "buy" rating in a research note on Friday, April 26th. Finally, BNP Paribas reaffirmed an "underperform" rating and set a $485.00 price objective on shares of United Rentals in a research report on Friday, January 5th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, United Rentals presently has an average rating of "Hold" and an average target price of $600.79.

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.