United Rentals, Inc. (NYSE:URI) Shares Bought by Larson Financial Group LLC

Larson Financial Group LLC increased its holdings in United Rentals, Inc. (NYSE:URI) by 1,525.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65 shares of the construction company’s stock after acquiring an additional 61 shares during the quarter. Larson Financial Group LLC’s holdings in United Rentals were worth $37,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Ballentine Partners LLC increased its holdings in shares of United Rentals by 2.1% in the 4th quarter. Ballentine Partners LLC now owns 889 shares of the construction company’s stock valued at $510,000 after acquiring an additional 18 shares during the period. DGS Capital Management LLC grew its position in United Rentals by 1.3% in the 4th quarter. DGS Capital Management LLC now owns 1,441 shares of the construction company’s stock valued at $827,000 after buying an additional 18 shares during the last quarter. Oak Ridge Investments LLC grew its position in United Rentals by 0.3% in the 4th quarter. Oak Ridge Investments LLC now owns 5,816 shares of the construction company’s stock valued at $3,335,000 after buying an additional 20 shares during the last quarter. Caprock Group LLC grew its position in United Rentals by 2.3% in the 4th quarter. Caprock Group LLC now owns 900 shares of the construction company’s stock valued at $516,000 after buying an additional 20 shares during the last quarter. Finally, AdvisorNet Financial Inc grew its position in United Rentals by 71.4% in the 4th quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock valued at $28,000 after buying an additional 20 shares during the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity at United Rentals

In related news, CFO William E. Grace sold 775 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $655.62, for a total value of $508,105.50. Following the completion of the transaction, the chief financial officer now owns 6,323 shares of the company’s stock, valued at approximately $4,145,485.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.53% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on URI shares. Robert W. Baird lifted their price objective on shares of United Rentals from $322.00 to $559.00 and gave the company an “underperform” rating in a research report on Friday, January 26th. BNP Paribas reiterated an “underperform” rating and issued a $485.00 price objective on shares of United Rentals in a research report on Friday, January 5th. Stifel Nicolaus lifted their price objective on shares of United Rentals from $720.00 to $750.00 and gave the company a “buy” rating in a research report on Friday. The Goldman Sachs Group lifted their price objective on shares of United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, Morgan Stanley began coverage on shares of United Rentals in a research report on Monday, January 8th. They set an “equal weight” rating and a $500.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $600.57.

United Rentals Trading Down 0.0 %

NYSE:URI opened at $690.77 on Friday. The company has a market capitalization of $46.00 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 2.40 and a beta of 1.84. The company has a quick ratio of 0.75, a current ratio of 0.89 and a debt-to-equity ratio of 1.39. United Rentals, Inc. has a 52-week low of $325.15 and a 52-week high of $732.37. The stock has a fifty day simple moving average of $681.18 and a 200-day simple moving average of $578.63.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, April 24th. The construction company reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.35 by $0.80. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.44 billion. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. The business’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $7.95 EPS. On average, equities research analysts expect that United Rentals, Inc. will post 43.13 earnings per share for the current fiscal year.

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

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Tuesday, May 7th. United Rentals’s dividend payout ratio (DPR) is presently 17.66%.

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.