Quantinno Capital Management LP Has $7.60 Million Holdings in United Rentals, Inc. (NYSE:URI)

Quantinno Capital Management LP grew its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 43.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,782 shares of the construction company's stock after purchasing an additional 3,273 shares during the quarter. Quantinno Capital Management LP's holdings in United Rentals were worth $7,595,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of URI. Pathstone Holdings LLC increased its holdings in United Rentals by 7.9% in the 4th quarter. Pathstone Holdings LLC now owns 18,867 shares of the construction company's stock valued at $13,290,000 after purchasing an additional 1,376 shares during the last quarter. Parkwood LLC acquired a new position in shares of United Rentals during the fourth quarter worth $9,650,000. Mufg Securities Americas Inc. acquired a new position in shares of United Rentals during the fourth quarter worth $683,000. Man Group plc acquired a new position in shares of United Rentals during the fourth quarter worth $13,017,000. Finally, Nomura Holdings Inc. purchased a new stake in United Rentals in the fourth quarter valued at $1,519,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Stock Performance

NYSE URI traded down $3.66 during midday trading on Wednesday, hitting $711.82. The company had a trading volume of 163,556 shares, compared to its average volume of 599,556. The firm has a fifty day simple moving average of $631.47 and a two-hundred day simple moving average of $709.07. The stock has a market cap of $46.27 billion, a price-to-earnings ratio of 18.38, a P/E/G ratio of 1.43 and a beta of 1.70. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $896.98. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings data 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 the consensus estimate of $3.61 billion. United Rentals had a return on equity of 34.21% and a net margin of 16.78%. United Rentals's revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the business posted $9.15 earnings per share. Equities analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Wednesday, May 14th. United Rentals's dividend payout ratio is currently 18.54%.

Insider Activity at United Rentals

In related news, VP Andrew B. Limoges sold 708 shares of the business's stock in a transaction that occurred on 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 approximately $1,355,957.06. The trade was a 26.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO William E. Grace sold 1,100 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were 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 trade represents a 13.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,908 shares of company stock valued at $1,890,567 in the last ninety days. Insiders own 0.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their target price on shares of United Rentals from $780.00 to $920.00 and gave the company an "overweight" rating in a report on Wednesday. Bank of America lowered their target price on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a research note on Friday, March 21st. UBS Group raised shares of United Rentals from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $485.00 to $780.00 in a research note on Friday, May 16th. Robert W. Baird upped their target price on shares of United Rentals from $535.00 to $571.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. Finally, Morgan Stanley upgraded shares of United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 target price for the company in a research report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, United Rentals has an average rating of "Moderate Buy" and an average target price of $757.38.

About United Rentals

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.