Pathstone Holdings LLC boosted its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 7.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,867 shares of the construction company's stock after buying an additional 1,376 shares during the period. Pathstone Holdings LLC's holdings in United Rentals were worth $13,290,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in URI. Rialto Wealth Management LLC bought a new stake in shares of United Rentals during the 4th quarter worth about $25,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of United Rentals during the 4th quarter valued at $27,000. Meeder Asset Management Inc. raised its holdings in shares of United Rentals by 241.7% during the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock worth $29,000 after acquiring an additional 29 shares in the last quarter. Hanson & Doremus Investment Management purchased a new position in United Rentals in the fourth quarter valued at about $33,000. Finally, Kestra Investment Management LLC acquired a new position in United Rentals in the 4th quarter worth about $34,000. Hedge funds and other institutional investors own 96.26% of the company's stock.
Wall Street Analysts Forecast Growth
URI has been the topic of several research analyst reports. Robert W. Baird raised their price objective on shares of United Rentals from $535.00 to $571.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th. Evercore ISI dropped their target price on shares of United Rentals from $974.00 to $921.00 and set an "outperform" rating for the company in a research report on Monday. UBS Group upgraded shares of United Rentals from a "sell" rating to a "neutral" rating and raised their target price for the stock from $485.00 to $780.00 in a report on Friday, May 16th. Citigroup lowered their price target on shares of United Rentals from $720.00 to $650.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, Cfra Research raised shares of United Rentals to a "strong-buy" rating in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $757.38.
Check Out Our Latest Stock Analysis on United Rentals
United Rentals Trading Down 0.5%
Shares of NYSE:URI traded down $3.65 during trading on Wednesday, reaching $711.82. 163,556 shares of the company were exchanged, compared to its average volume of 599,556. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The firm has a market capitalization of $46.27 billion, a PE ratio of 18.38, a P/E/G ratio of 1.43 and a beta of 1.70. The business's fifty day simple moving average is $631.47 and its 200-day simple moving average is $709.07. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $896.98.
United Rentals (NYSE:URI - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing analysts' consensus estimates of $8.92 by ($0.06). The business had revenue of $3.72 billion for the quarter, compared to analysts' expectations of $3.61 billion. United Rentals had a net margin of 16.78% and a return on equity of 34.21%. The company's revenue for the quarter was up 6.7% on a year-over-year basis. During the same period last year, the business posted $9.15 EPS. On average, research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.
United Rentals Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be paid a dividend of $1.79 per share. The ex-dividend date is Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.01%. United Rentals's payout ratio is currently 18.54%.
Insider Activity
In other United Rentals news, CFO William E. Grace sold 1,100 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the completion of the transaction, the chief financial officer now owns 6,880 shares of the company's stock, valued at $4,390,128. This represents a 13.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Andrew B. Limoges sold 708 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $705.86, for a total transaction of $499,748.88. Following the completion of the transaction, the vice president now owns 1,921 shares in the company, valued at $1,355,957.06. The trade was a 26.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,908 shares of company stock valued at $1,890,567 in the last quarter. 0.53% of the stock is currently owned by company insiders.
About United Rentals
(
Free Report)
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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