Stifel Financial Corp Sells 903 Shares of United Rentals, Inc. (NYSE:URI)

Stifel Financial Corp decreased its position in shares of United Rentals, Inc. (NYSE:URI) by 0.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 96,451 shares of the construction company’s stock after selling 903 shares during the quarter. Stifel Financial Corp owned approximately 0.15% of United Rentals worth $67,955,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in URI. TD Waterhouse Canada Inc. increased its stake in shares of United Rentals by 5.2% in the fourth quarter. TD Waterhouse Canada Inc. now owns 4,565 shares of the construction company’s stock worth $3,213,000 after purchasing an additional 225 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in United Rentals by 40.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,017 shares of the construction company’s stock valued at $3,534,000 after acquiring an additional 1,439 shares during the period. Landing Point Financial Group LLC purchased a new stake in shares of United Rentals during the fourth quarter worth $719,000. MML Investors Services LLC lifted its position in shares of United Rentals by 14.1% during the fourth quarter. MML Investors Services LLC now owns 12,501 shares of the construction company’s stock worth $8,806,000 after acquiring an additional 1,547 shares in the last quarter. Finally, Norinchukin Bank The boosted its holdings in shares of United Rentals by 12.6% in the fourth quarter. Norinchukin Bank The now owns 3,230 shares of the construction company’s stock worth $2,275,000 after acquiring an additional 361 shares during the period. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Stock Up 0.6 %

Shares of NYSE URI opened at $573.94 on Wednesday. The stock has a market capitalization of $37.50 billion, a P/E ratio of 14.81, a PEG ratio of 1.43 and a beta of 1.72. United Rentals, Inc. has a one year low of $525.91 and a one year high of $896.98. The firm’s 50 day simple moving average is $622.56 and its two-hundred day simple moving average is $730.18. 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 (NYSE:URI) last released its earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. As a group, analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a $1.79 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $7.16 annualized dividend and a dividend yield of 1.25%. This is an increase from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s payout ratio is currently 18.48%.

Insider Activity

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 value of $701,910.00. Following the completion of the sale, the chief financial officer now owns 6,880 shares in the company, valued at approximately $4,390,128. The trade was a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.53% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on URI. Citigroup dropped their price objective on United Rentals from $720.00 to $650.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. UBS Group lowered shares of United Rentals from a “buy” rating to a “sell” rating and cut their price objective for the company from $910.00 to $485.00 in a research report on Monday, April 7th. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price on the stock in a report on Tuesday, January 14th. JPMorgan Chase & Co. cut their price target on shares of United Rentals from $1,000.00 to $750.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Finally, Bank of America decreased their price target on shares of United Rentals from $850.00 to $750.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $729.79.

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.