US Bancorp DE Grows Stake in United Rentals, Inc. (NYSE:URI)

US Bancorp DE boosted its stake in shares of United Rentals, Inc. (NYSE:URI) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,321 shares of the construction company’s stock after purchasing an additional 462 shares during the period. US Bancorp DE’s holdings in United Rentals were worth $15,019,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. ORG Wealth Partners LLC purchased a new position in United Rentals during the fourth quarter valued at $26,000. Carmichael Hill & Associates Inc. lifted its position in United Rentals by 80.0% during the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock valued at $36,000 after purchasing an additional 20 shares in the last quarter. Hanson & Doremus Investment Management bought a new stake in United Rentals during the fourth quarter valued at about $33,000. Kestra Investment Management LLC bought a new stake in United Rentals during the fourth quarter valued at about $34,000. Finally, CarsonAllaria Wealth Management Ltd. bought a new stake in United Rentals during the fourth quarter valued at about $42,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at United Rentals

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was 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 in the company, valued at $4,390,128. The trade was a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

URI has been the topic of a number of recent analyst reports. Citigroup decreased their price target on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Argus lifted their target price on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Morgan Stanley reduced their target price on United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. lifted their target price on United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $829.00.

United Rentals Trading Down 3.9 %

Shares of NYSE URI opened at $617.44 on Tuesday. The business’s 50 day moving average is $719.38 and its two-hundred day moving average is $767.93. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. United Rentals, Inc. has a 1-year low of $596.48 and a 1-year high of $896.98. The stock has a market capitalization of $40.32 billion, a P/E ratio of 15.93, a PEG ratio of 1.43 and a beta of 1.68.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. As a group, research analysts expect that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Wednesday, February 12th. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s payout ratio is 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.