United Rentals, Inc. (NYSE:URI) Shares Bought by Montag A & Associates Inc.

Montag A & Associates Inc. grew its position in United Rentals, Inc. (NYSE:URI - Free Report) by 18.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,185 shares of the construction company's stock after acquiring an additional 2,028 shares during the period. Montag A & Associates Inc.'s holdings in United Rentals were worth $7,561,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. AdvisorNet Financial Inc raised its stake in shares of United Rentals by 71.4% during the 4th quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company's stock worth $28,000 after buying an additional 20 shares in the last quarter. OFI Invest Asset Management purchased a new position in United Rentals in the third quarter worth $25,000. Larson Financial Group LLC lifted its holdings in United Rentals by 1,525.0% in the fourth quarter. Larson Financial Group LLC now owns 65 shares of the construction company's stock valued at $37,000 after acquiring an additional 61 shares during the period. NBC Securities Inc. purchased a new stake in shares of United Rentals during the 3rd quarter worth $29,000. Finally, Arlington Trust Co LLC grew its stake in shares of United Rentals by 50.0% during the 4th quarter. Arlington Trust Co LLC now owns 84 shares of the construction company's stock worth $48,000 after purchasing an additional 28 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Trading Up 1.4 %

Shares of United Rentals stock traded up $9.60 during mid-day trading on Friday, hitting $698.81. 352,084 shares of the stock were exchanged, compared to its average volume of 612,299. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $46.53 billion, a price-to-earnings ratio of 18.93, a price-to-earnings-growth ratio of 2.22 and a beta of 1.82. The company has a 50-day simple moving average of $683.34 and a 200 day simple moving average of $593.69. United Rentals, Inc. has a twelve month low of $325.91 and a twelve month high of $732.37.

United Rentals (NYSE:URI - Get Free Report) last released its earnings results on Wednesday, April 24th. The construction company reported $9.15 EPS for the quarter, topping 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 EPS. United Rentals's revenue for the quarter was up 6.1% on a year-over-year basis. Research analysts forecast that United Rentals, Inc. will post 43.61 EPS for the current year.

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

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Tuesday, May 7th. United Rentals's dividend payout ratio (DPR) is 17.66%.

Insider Activity

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 value 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, COO Michael D. Durand sold 559 shares of the stock in a transaction on 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 directly owns 8,052 shares of the company's stock, valued at approximately $5,431,557.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew John Flannery sold 8,379 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now directly owns 103,400 shares of the company's stock, valued at approximately $72,341,742. The disclosure for this sale can be found here. Insiders 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 insiders.

Wall Street Analysts Forecast Growth

URI has been the subject of several recent analyst reports. The Goldman Sachs Group raised their price objective on shares of United Rentals from $718.00 to $790.00 and gave the company a "buy" rating in a research note on Tuesday, April 16th. Robert W. Baird raised their price objective on United Rentals from $322.00 to $559.00 and gave the company an "underperform" rating in a research note on Friday, January 26th. Barclays lifted their price objective on United Rentals from $325.00 to $400.00 and gave the stock an "underweight" rating in a report on Friday, January 26th. Oppenheimer reissued a "market perform" rating on shares of United Rentals in a report on Monday, April 29th. Finally, Evercore ISI lifted their price target on United Rentals from $575.00 to $740.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 20th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $600.79.

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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