Gilman Hill Asset Management LLC Purchases 190 Shares of United Rentals, Inc. (NYSE:URI)

Gilman Hill Asset Management LLC increased its stake in shares of United Rentals, Inc. (NYSE:URI) by 3.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,011 shares of the construction company’s stock after acquiring an additional 190 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in United Rentals were worth $3,767,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of URI. Norges Bank bought a new position in United Rentals during the 4th quarter worth approximately $695,716,000. GAMMA Investing LLC grew its position in shares of United Rentals by 77,674.5% in the 1st quarter. GAMMA Investing LLC now owns 887,407 shares of the construction company’s stock worth $556,138,000 after buying an additional 886,266 shares during the last quarter. Leigh Baldwin & CO. LLC bought a new stake in shares of United Rentals in the 4th quarter worth approximately $330,989,000. Capital World Investors grew its position in shares of United Rentals by 17.1% in the 4th quarter. Capital World Investors now owns 2,221,228 shares of the construction company’s stock worth $1,564,722,000 after buying an additional 323,636 shares during the last quarter. Finally, Capital International Investors grew its position in shares of United Rentals by 41.0% in the 4th quarter. Capital International Investors now owns 1,051,365 shares of the construction company’s stock worth $740,624,000 after buying an additional 305,491 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors.

United Rentals Stock Down 0.8%

Shares of NYSE:URI opened at $697.29 on Thursday. The stock has a fifty day simple moving average of $647.18 and a two-hundred day simple moving average of $699.03. The stock has a market capitalization of $45.32 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 1.43 and a beta of 1.71. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $896.98. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.92 by ($0.06). The company 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 firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $9.15 EPS. On average, research analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Wednesday, May 14th. United Rentals’s payout ratio is 18.54%.

Insiders Place Their Bets

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of United Rentals stock in a transaction on Monday, May 12th. The stock was sold at an average price of $705.86, for a total value of $499,748.88. Following the completion of the sale, the vice president now owns 1,921 shares of the company’s stock, valued at approximately $1,355,957.06. This trade represents a 26.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael D. Durand sold 1,100 shares of United Rentals stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total value of $688,908.00. Following the completion of the sale, the executive vice president now directly owns 8,748 shares of the company’s stock, valued at approximately $5,478,697.44. The trade was a 11.17% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on URI. Citigroup cut their price objective on United Rentals from $720.00 to $650.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Sanford C. Bernstein upgraded United Rentals from an “underperform” rating to a “market perform” rating and cut their price objective for the stock from $705.00 to $666.00 in a research report on Tuesday, March 25th. Cfra Research upgraded United Rentals to a “strong-buy” rating in a research report on Friday, April 25th. Evercore ISI cut their price objective on United Rentals from $974.00 to $921.00 and set an “outperform” rating on the stock in a research report on Monday, May 19th. Finally, JPMorgan Chase & Co. raised their target price on United Rentals from $780.00 to $920.00 and gave the company an “overweight” rating in a research note on Wednesday, May 21st. 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. According to MarketBeat.com, United Rentals currently has a consensus rating of “Moderate Buy” and an average target price of $753.15.

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.