Stenger Family Office LLC Takes Position in United Rentals, Inc. (NYSE:URI)

Stenger Family Office LLC purchased a new stake in United Rentals, Inc. (NYSE:URI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,785 shares of the construction company's stock, valued at approximately $1,257,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Rialto Wealth Management LLC purchased a new position in shares of United Rentals in the 4th quarter worth about $25,000. ORG Wealth Partners LLC bought a new position in United Rentals in the fourth quarter worth approximately $26,000. Murphy & Mullick Capital Management Corp purchased a new position in United Rentals in the 4th quarter worth $27,000. Meeder Asset Management Inc. boosted its stake in shares of United Rentals by 241.7% during the 4th 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. Finally, Hanson & Doremus Investment Management acquired a new position in United Rentals in the 4th quarter valued at $33,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO William E. Grace sold 1,100 shares of the firm's stock in a transaction dated 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 sale, the chief financial officer now owns 6,880 shares in the company, valued at approximately $4,390,128. This trade represents a 13.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.53% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on URI shares. JPMorgan Chase & Co. reduced their target price on shares of United Rentals from $1,000.00 to $750.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. UBS Group downgraded shares of United Rentals from a "buy" rating to a "sell" rating and decreased their price objective for the stock from $910.00 to $485.00 in a report on Monday, April 7th. 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. Citigroup dropped their price objective on United Rentals from $720.00 to $650.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Evercore ISI lowered their price objective on United Rentals from $1,004.00 to $974.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $729.79.

United Rentals Price Performance

NYSE:URI traded down $26.91 during mid-day trading on Monday, reaching $564.59. 154,002 shares of the company were exchanged, compared to its average volume of 586,831. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The company has a fifty day moving average of $628.94 and a 200 day moving average of $732.79. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $896.98. The stock has a market cap of $36.89 billion, a PE ratio of 14.57, a PEG ratio of 1.43 and a beta of 1.72.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing analysts' consensus estimates of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. On average, research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a $1.79 dividend. This is an increase from United Rentals's previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $7.16 annualized dividend and a dividend yield of 1.27%. United Rentals's dividend payout ratio (DPR) is currently 18.48%.

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.