Private Trust Co. NA Sells 294 Shares of United Rentals, Inc. (NYSE:URI)

Private Trust Co. NA trimmed its holdings in shares of United Rentals, Inc. (NYSE:URI) by 11.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,250 shares of the construction company’s stock after selling 294 shares during the period. Private Trust Co. NA’s holdings in United Rentals were worth $1,585,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in URI. Mayflower Financial Advisors LLC boosted its stake in United Rentals by 4.0% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock worth $274,000 after acquiring an additional 13 shares during the last quarter. First County Bank CT boosted its stake in United Rentals by 3.2% during the 3rd quarter. First County Bank CT now owns 422 shares of the construction company’s stock worth $342,000 after acquiring an additional 13 shares during the last quarter. Allen Capital Group LLC boosted its stake in United Rentals by 4.2% during the 3rd quarter. Allen Capital Group LLC now owns 324 shares of the construction company’s stock worth $262,000 after acquiring an additional 13 shares during the last quarter. Concurrent Investment Advisors LLC boosted its stake in United Rentals by 3.2% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 453 shares of the construction company’s stock worth $367,000 after acquiring an additional 14 shares during the last quarter. Finally, Adell Harriman & Carpenter Inc. boosted its stake in United Rentals by 1.8% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company’s stock worth $573,000 after acquiring an additional 14 shares during the last quarter. 96.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective on the stock in a research note on Tuesday, January 14th. Argus lifted their price objective on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. lifted their price target on shares of United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, Morgan Stanley cut their price target on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $829.00.

Insider Buying and Selling

In related news, CFO William E. Grace sold 1,100 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $638.10, for a total transaction of $701,910.00. Following the transaction, the chief financial officer now directly 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.49% of the stock is owned by corporate insiders.

United Rentals Price Performance

NYSE URI opened at $642.49 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a 12-month low of $596.48 and a 12-month high of $896.98. The company has a market capitalization of $41.96 billion, a PE ratio of 16.58, a price-to-earnings-growth ratio of 1.43 and a beta of 1.68. The firm’s 50 day moving average is $721.43 and its 200-day moving average is $767.74.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share (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%. Equities research analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 1.11%. This is an increase from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date was Wednesday, February 12th. United Rentals’s payout ratio is presently 18.48%.

United Rentals 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.