Los Angeles Capital Management LLC Sells 51,808 Shares of United Rentals, Inc. (NYSE:URI)

Los Angeles Capital Management LLC lowered its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 86.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,465 shares of the construction company's stock after selling 51,808 shares during the period. Los Angeles Capital Management LLC's holdings in United Rentals were worth $4,854,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of URI. AdvisorNet Financial Inc increased its holdings in shares of 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 acquiring an additional 20 shares during the period. OFI Invest Asset Management bought a new stake in shares of United Rentals during the third quarter valued at approximately $25,000. Larson Financial Group LLC boosted its position in shares of United Rentals by 1,525.0% during the fourth 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. NBC Securities Inc. bought a new position in United Rentals in the 3rd quarter worth approximately $29,000. Finally, Arlington Trust Co LLC increased its position in United Rentals by 50.0% in the 4th quarter. Arlington Trust Co LLC now owns 84 shares of the construction company's stock valued at $48,000 after acquiring an additional 28 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at United Rentals

In other United Rentals news, CEO Matthew John Flannery sold 8,379 shares of United Rentals stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available at this link. 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 transaction of $508,105.50. Following the sale, the chief financial officer now owns 6,323 shares of the company's stock, valued at approximately $4,145,485.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew John Flannery sold 8,379 shares of the company's stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total value of $5,862,199.77. Following the completion of the transaction, the chief executive officer now owns 103,400 shares of the company's stock, valued at $72,341,742. The disclosure for this sale can be found here. Insiders have sold a total of 9,713 shares of company stock valued at $6,747,384 in the last 90 days. 0.49% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

URI has been the subject of several recent analyst reports. Barclays increased their price target on United Rentals from $325.00 to $400.00 and gave the stock an "underweight" rating in a research note on Friday, January 26th. Evercore ISI boosted their price target on shares of United Rentals from $575.00 to $740.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 20th. The Goldman Sachs Group upped their price target on shares of United Rentals from $718.00 to $790.00 and gave the stock a "buy" rating in a research note on Tuesday, April 16th. Robert W. Baird raised their price objective on shares of United Rentals from $322.00 to $559.00 and gave the company an "underperform" rating in a research note on Friday, January 26th. Finally, Morgan Stanley began coverage on United Rentals in a research note on Monday, January 8th. They set an "equal weight" rating and a $500.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, United Rentals currently has an average rating of "Hold" and a consensus target price of $600.79.

United Rentals Trading Up 2.5 %

Shares of United Rentals stock traded up $16.68 during trading on Monday, hitting $683.34. The stock had a trading volume of 339,288 shares, compared to its average volume of 585,772. United Rentals, Inc. has a 1 year low of $325.91 and a 1 year high of $732.37. The stock has a 50 day simple moving average of $683.37 and a 200 day simple moving average of $588.62. 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 company has a market capitalization of $45.50 billion, a PE ratio of 18.06, a P/E/G ratio of 2.17 and a beta of 1.82.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The construction company reported $9.15 earnings per share for the quarter, topping the consensus estimate of $8.35 by $0.80. The firm had revenue of $3.49 billion for the quarter, compared to analysts' expectations of $3.44 billion. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The company's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company posted $7.95 EPS. On average, research analysts expect that United Rentals, Inc. will post 43.61 EPS for the current fiscal year.

United Rentals declared that its Board of Directors has initiated a share 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 stock through open market purchases. Stock repurchase plans are generally an indication 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. Shareholders of record on Wednesday, May 8th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $6.52 dividend on an annualized basis and a yield of 0.95%. United Rentals's payout ratio is presently 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.