LPL Financial LLC Has $95.87 Million Stock Position in United Rentals, Inc. (NYSE:URI)

LPL Financial LLC lifted its holdings in United Rentals, Inc. (NYSE:URI) by 8.9% during the 4th quarter, HoldingsChannel reports. The fund owned 136,087 shares of the construction company’s stock after acquiring an additional 11,141 shares during the quarter. LPL Financial LLC’s holdings in United Rentals were worth $95,865,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Fox Run Management L.L.C. bought a new position in shares of United Rentals during the fourth quarter worth approximately $1,658,000. KLP Kapitalforvaltning AS bought a new position in United Rentals during the 4th quarter worth $17,140,000. AXQ Capital LP bought a new position in United Rentals during the 4th quarter worth $261,000. Sei Investments Co. raised its holdings in United Rentals by 16.2% in the 4th quarter. Sei Investments Co. now owns 21,629 shares of the construction company’s stock valued at $15,236,000 after acquiring an additional 3,021 shares in the last quarter. Finally, Mizuho Securities USA LLC lifted its position in shares of United Rentals by 44.0% during the 4th quarter. Mizuho Securities USA LLC now owns 6,219 shares of the construction company’s stock valued at $4,381,000 after acquiring an additional 1,901 shares during the period. 96.26% of the stock is owned by institutional investors.

Insider Activity at United Rentals

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 6,880 shares of the company’s stock, valued at approximately $4,390,128. This represents a 13.78 % decrease in their position. The transaction 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 company insiders.

United Rentals Price Performance

Shares of URI opened at $653.71 on Wednesday. The business has a 50-day simple moving average of $694.07 and a two-hundred day simple moving average of $756.62. United Rentals, Inc. has a 12-month low of $585.27 and a 12-month high of $896.98. The stock has a market cap of $42.69 billion, a PE ratio of 16.87, a PEG ratio of 1.43 and a beta of 1.76. 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 (NYSE:URI) last issued 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%. Analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a $1.79 dividend. This is a boost from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date was Wednesday, February 12th. This represents a $7.16 annualized dividend and a dividend yield of 1.10%. United Rentals’s payout ratio is currently 18.48%.

Analysts Set New Price Targets

URI has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price target on United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price for the company in a research report on Tuesday, January 14th. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Sanford C. Bernstein raised shares of United Rentals from an “underperform” rating to a “market perform” rating and decreased their price objective for the company from $705.00 to $666.00 in a research note on Tuesday. Finally, Bank of America cut their target price on United Rentals from $850.00 to $750.00 and set a “buy” rating for the company in a research note on Friday, March 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $804.15.

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.