Mather Group LLC. Sells 29 Shares of United Rentals, Inc. (NYSE:URI)

Mather Group LLC. lowered its position in shares of United Rentals, Inc. (NYSE:URI) by 2.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 972 shares of the construction company’s stock after selling 29 shares during the quarter. Mather Group LLC.’s holdings in United Rentals were worth $557,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Magnus Financial Group LLC purchased a new position in United Rentals during the fourth quarter valued at approximately $207,000. Intellectus Partners LLC purchased a new position in United Rentals during the fourth quarter valued at approximately $669,000. Precision Wealth Strategies LLC purchased a new position in United Rentals during the fourth quarter valued at approximately $227,000. Russell Investments Group Ltd. lifted its holdings in United Rentals by 1.5% during the fourth quarter. Russell Investments Group Ltd. now owns 63,913 shares of the construction company’s stock valued at $36,688,000 after purchasing an additional 936 shares in the last quarter. Finally, Golden State Equity Partners lifted its holdings in United Rentals by 12.2% during the fourth quarter. Golden State Equity Partners now owns 559 shares of the construction company’s stock valued at $321,000 after purchasing an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Stifel Nicolaus boosted their target price on shares of United Rentals from $720.00 to $750.00 and gave the stock a “buy” rating in a report on Friday, April 26th. The Goldman Sachs Group boosted their target price on shares of United Rentals from $718.00 to $790.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Morgan Stanley assumed coverage on shares of United Rentals in a report on Monday, January 8th. They issued an “equal weight” rating and a $500.00 target price on the stock. Robert W. Baird boosted their target price on shares of United Rentals from $322.00 to $559.00 and gave the stock an “underperform” rating in a report on Friday, January 26th. Finally, BNP Paribas reissued an “underperform” rating and issued a $485.00 target price on shares of United Rentals in a report on Friday, January 5th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $600.79.

United Rentals Trading Down 2.1 %

NYSE URI opened at $653.76 on Thursday. United Rentals, Inc. has a 12 month low of $325.15 and a 12 month high of $732.37. The company’s 50-day moving average price is $682.90 and its 200-day moving average price is $583.96. The stock has a market cap of $43.53 billion, a PE ratio of 17.71, a PEG ratio of 2.18 and a beta of 1.82. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 1.39.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, April 24th. The construction company reported $9.15 earnings per share for the quarter, topping analysts’ consensus estimates of $8.35 by $0.80. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.44 billion. During the same period in the prior year, the firm earned $7.95 earnings per share. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. Equities research analysts forecast that United Rentals, Inc. will post 43.52 earnings per share for the current year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Tuesday, May 7th. United Rentals’s payout ratio is 17.66%.

United Rentals declared that its Board of Directors has approved a stock buyback plan on Wednesday, January 24th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the construction company to repurchase up to 3.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at United Rentals

In other United Rentals news, CFO William E. Grace sold 775 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $655.62, for a total transaction of $508,105.50. Following the completion of the sale, the chief financial officer now directly owns 6,323 shares of the company’s stock, valued at $4,145,485.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other United Rentals news, CFO William E. Grace sold 775 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $655.62, for a total transaction of $508,105.50. Following the completion of the sale, the chief financial officer now directly owns 6,323 shares of the company’s stock, valued at $4,145,485.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Matthew John Flannery sold 8,379 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the sale, the chief executive officer now directly owns 103,400 shares of the company’s stock, valued at $72,341,742. The disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.

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.