United Rentals, Inc. (NYSE:URI) is Todd Asset Management LLC's 3rd Largest Position

Todd Asset Management LLC reduced its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 13.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 153,718 shares of the construction company's stock after selling 23,957 shares during the quarter. United Rentals makes up about 1.9% of Todd Asset Management LLC's holdings, making the stock its 3rd biggest holding. Todd Asset Management LLC owned about 0.23% of United Rentals worth $88,145,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new position in shares of United Rentals in the 3rd quarter valued at approximately $25,000. AdvisorNet Financial Inc lifted its position in United Rentals by 71.4% during the fourth quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company's stock valued at $28,000 after buying an additional 20 shares during the period. NBC Securities Inc. bought a new stake in shares of United Rentals during the 3rd quarter valued at $29,000. Larson Financial Group LLC grew its position in shares of United Rentals by 1,525.0% in the 4th quarter. Larson Financial Group LLC now owns 65 shares of the construction company's stock worth $37,000 after buying an additional 61 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of United Rentals in the 3rd quarter worth about $40,000. 96.26% of the stock is currently owned by institutional investors.

United Rentals Stock Performance

URI traded up $2.09 during midday trading on Friday, hitting $666.66. 343,283 shares of the company traded hands, compared to its average volume of 612,228. The company's 50-day moving average is $683.37 and its 200 day moving average is $587.50. The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $44.39 billion, a PE ratio of 18.06, a price-to-earnings-growth ratio of 2.17 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.

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 the consensus estimate of $8.35 by $0.80. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The firm had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $3.44 billion. During the same period in the previous year, the company earned $7.95 earnings per share. The firm's quarterly revenue was up 6.1% on a year-over-year basis. On average, research analysts expect that United Rentals, Inc. will post 43.61 EPS for the current year.

United Rentals Announces Dividend

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

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

Analysts Set New Price Targets

A number of brokerages have weighed in on URI. Robert W. Baird upped their price objective on shares of United Rentals from $322.00 to $559.00 and gave the stock an "underperform" rating in a report on Friday, January 26th. Wells Fargo & Company raised their price objective on United Rentals from $630.00 to $710.00 and gave the company an "overweight" rating in a research report on Friday, January 26th. Barclays boosted their target price on United Rentals from $325.00 to $400.00 and gave the stock an "underweight" rating in a report on Friday, January 26th. The Goldman Sachs Group increased their target price on United Rentals from $718.00 to $790.00 and gave the stock a "buy" rating in a research note on Tuesday, April 16th. Finally, Stifel Nicolaus lifted their price target on United Rentals from $720.00 to $750.00 and gave the stock a "buy" rating in a research report on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $600.79.

Insider Buying and Selling

In other United Rentals news, COO Michael D. Durand sold 559 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $674.56, for a total value of $377,079.04. Following the transaction, the chief operating officer now owns 8,052 shares of the company's stock, valued at $5,431,557.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, COO Michael D. Durand sold 559 shares of the business's stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $674.56, for a total transaction of $377,079.04. Following the completion of the sale, the chief operating officer now directly owns 8,052 shares in the company, valued at $5,431,557.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO William E. Grace sold 775 shares of the 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 completion of the transaction, the chief financial officer now owns 6,323 shares in the company, valued at $4,145,485.26. The disclosure for this sale can be found here. Insiders sold 9,713 shares of company stock valued at $6,747,384 over the last 90 days. Company insiders own 0.53% of the company's stock.

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.