United Rentals, Inc. (NYSE:URI) Stock Position Raised by Captrust Financial Advisors

Captrust Financial Advisors boosted its holdings in United Rentals, Inc. (NYSE:URI) by 0.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,152 shares of the construction company’s stock after acquiring an additional 51 shares during the period. Captrust Financial Advisors’ holdings in United Rentals were worth $16,309,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Rialto Wealth Management LLC bought a new stake in United Rentals in the fourth quarter valued at $25,000. ORG Wealth Partners LLC acquired a new stake in shares of United Rentals in the 4th quarter worth about $26,000. Murphy & Mullick Capital Management Corp bought a new stake in United Rentals in the 4th quarter valued at about $27,000. Meeder Asset Management Inc. boosted its stake in United Rentals by 241.7% during the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company’s stock valued at $29,000 after purchasing an additional 29 shares during the period. Finally, Hanson & Doremus Investment Management bought a new position in United Rentals in the 4th quarter worth about $33,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. UBS Group cut United Rentals from a “buy” rating to a “sell” rating and decreased their price target for the stock from $910.00 to $485.00 in a research note on Monday, April 7th. Citigroup cut their price objective 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. Bank of America decreased 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 report on Friday, March 21st. Finally, JPMorgan Chase & Co. dropped their price target on shares of United Rentals from $1,000.00 to $750.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, United Rentals presently has a consensus rating of “Moderate Buy” and a consensus price target of $725.69.

Insider Buying and Selling at United Rentals

In other news, EVP Michael D. Durand sold 1,100 shares of the 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 owns 8,748 shares in the company, valued at $5,478,697.44. This represents a 11.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.53% of the company’s stock.

United Rentals Trading Down 0.9 %

Shares of NYSE:URI opened at $651.92 on Wednesday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. The stock has a market capitalization of $42.37 billion, a price-to-earnings ratio of 16.82, a PEG ratio of 1.43 and a beta of 1.70. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $896.98. The company has a 50 day moving average price of $614.01 and a 200 day moving average price of $717.28.

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

United Rentals Dividend Announcement

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 issued a dividend of $1.79 per share. The ex-dividend date is Wednesday, May 14th. This represents a $7.16 annualized dividend and a yield of 1.10%. United Rentals’s payout ratio is presently 18.54%.

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.