Bridges Investment Management Inc. Buys 1,354 Shares of United Rentals, Inc. $URI

Bridges Investment Management Inc. lifted its stake in United Rentals, Inc. (NYSE:URI) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,583 shares of the construction company’s stock after acquiring an additional 1,354 shares during the period. Bridges Investment Management Inc.’s holdings in United Rentals were worth $56,315,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Abich Financial Wealth Management LLC bought a new position in shares of United Rentals in the 3rd quarter worth $29,000. Aventura Private Wealth LLC bought a new position in shares of United Rentals in the 4th quarter worth $27,000. Core Wealth Advisors LLC bought a new position in shares of United Rentals in the 4th quarter worth $28,000. KERR FINANCIAL PLANNING Corp acquired a new position in United Rentals during the 3rd quarter valued at about $35,000. Finally, Board of the Pension Protection Fund acquired a new position in United Rentals during the 4th quarter valued at about $32,000. 96.26% of the stock is owned by institutional investors.

Insider Transactions at United Rentals

In other news, VP Andrew B. Limoges sold 548 shares of the company’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $977.86, for a total value of $535,867.28. Following the sale, the vice president owned 1,865 shares in the company, valued at $1,823,708.90. This represents a 22.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joli L. Gross sold 306 shares of the company’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $954.99, for a total value of $292,226.94. Following the completion of the sale, the senior vice president owned 5,738 shares in the company, valued at $5,479,732.62. The trade was a 5.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,088 shares of company stock valued at $25,628,877 over the last three months. Company insiders own 0.47% of the company’s stock.

United Rentals Stock Down 0.3%

Shares of URI stock opened at $994.77 on Wednesday. The stock’s 50-day simple moving average is $860.45 and its 200-day simple moving average is $846.62. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.74 and a current ratio of 0.80. The firm has a market capitalization of $62.32 billion, a PE ratio of 25.38, a P/E/G ratio of 1.58 and a beta of 1.81. United Rentals, Inc. has a fifty-two week low of $682.08 and a fifty-two week high of $1,021.47.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.20 billion. United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $8.86 earnings per share. Equities analysts expect that United Rentals, Inc. will post 47.07 earnings per share for the current year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were issued a $1.97 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.8%. United Rentals’s dividend payout ratio is currently 20.10%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Robert W. Baird upped their target price on United Rentals from $970.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Weiss Ratings raised United Rentals from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Morgan Stanley reaffirmed an “overweight” rating and set a $1,030.00 target price on shares of United Rentals in a research report on Friday, April 24th. Barclays upped their target price on United Rentals from $600.00 to $715.00 and gave the company an “underweight” rating in a research report on Friday, April 24th. Finally, Evercore reaffirmed an “outperform” rating and set a $1,101.00 target price on shares of United Rentals in a research report on Monday, May 11th. Twelve analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, United Rentals has an average rating of “Moderate Buy” and an average target price of $1,006.13.

United Rentals Company Profile

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.