Blue Trust Inc. Purchases 192 Shares of United Rentals, Inc. (NYSE:URI)

Blue Trust Inc. lifted its position in shares of United Rentals, Inc. (NYSE:URI) by 21.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,098 shares of the construction company’s stock after purchasing an additional 192 shares during the period. Blue Trust Inc.’s holdings in United Rentals were worth $773,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC increased its position in United Rentals by 3.7% in the 3rd quarter. FMR LLC now owns 2,416,568 shares of the construction company’s stock valued at $1,956,768,000 after acquiring an additional 85,325 shares during the period. International Assets Investment Management LLC increased its holdings in United Rentals by 82,462.2% in the third quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company’s stock valued at $1,300,962,000 after purchasing an additional 1,604,715 shares during the period. Geode Capital Management LLC raised its position in United Rentals by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,566,802 shares of the construction company’s stock worth $1,264,326,000 after purchasing an additional 9,256 shares during the last quarter. Franklin Resources Inc. lifted its holdings in United Rentals by 6.1% during the 3rd quarter. Franklin Resources Inc. now owns 996,014 shares of the construction company’s stock worth $862,110,000 after buying an additional 57,002 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of United Rentals by 15.4% in the third quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company’s stock valued at $637,968,000 after buying an additional 105,287 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Bank of America lifted their price objective on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Argus upped their price objective on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price for the company in a research note on Tuesday, January 14th. Citigroup cut their price target on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, Barclays lifted their price objective on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $813.73.

United Rentals Trading Down 1.1 %

Shares of United Rentals stock opened at $758.30 on Thursday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82. United Rentals, Inc. has a 52 week low of $596.48 and a 52 week high of $896.98. The stock has a 50 day moving average price of $767.89 and a two-hundred day moving average price of $768.71. The stock has a market capitalization of $49.76 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 1.73 and a beta of 1.69.

United Rentals (NYSE:URI) last announced its quarterly earnings results 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 17.12% and a return on equity of 34.73%. As a group, equities analysts anticipate that United Rentals, Inc. will post 43.43 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 0.94%. This is an increase from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s payout ratio is 17.03%.

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.