United Rentals, Inc. (NYSE:URI) Shares Acquired by Pine Valley Investments Ltd Liability Co

Pine Valley Investments Ltd Liability Co grew its holdings in United Rentals, Inc. (NYSE:URI) by 23.8% during the 4th quarter, Holdings Channel reports. The fund owned 5,780 shares of the construction company’s stock after purchasing an additional 1,110 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in United Rentals were worth $4,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. grew its position in United Rentals by 11.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,203 shares of the construction company’s stock worth $7,492,000 after purchasing an additional 964 shares during the period. Forsta AP Fonden boosted its stake in shares of United Rentals by 12.4% in the third quarter. Forsta AP Fonden now owns 14,500 shares of the construction company’s stock worth $11,741,000 after buying an additional 1,600 shares during the last quarter. Arkadios Wealth Advisors acquired a new stake in United Rentals during the third quarter worth about $247,000. PFG Investments LLC raised its position in United Rentals by 6.1% during the third quarter. PFG Investments LLC now owns 1,328 shares of the construction company’s stock valued at $1,075,000 after acquiring an additional 76 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in United Rentals by 2.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,532 shares of the construction company’s stock valued at $4,480,000 after acquiring an additional 131 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of URI stock opened at $629.17 on Tuesday. The firm’s 50-day moving average is $728.61 and its two-hundred day moving average is $770.29. United Rentals, Inc. has a 12 month low of $596.48 and a 12 month high of $896.98. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The company has a market capitalization of $41.09 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 1.43 and a beta of 1.68.

United Rentals (NYSE:URI) last posted its 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 16.78% and a return on equity of 34.21%. Analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be paid a $1.79 dividend. The ex-dividend date is Wednesday, February 12th. This is a boost from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.14%. United Rentals’s payout ratio is presently 18.48%.

Analysts Set New Price Targets

Several research firms have recently weighed in on URI. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Argus lifted their price objective on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a report 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 on the stock in a research note on Tuesday, January 14th. Morgan Stanley cut their price target on United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Finally, Citigroup lowered their price target on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $829.00.

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.