United Rentals, Inc. (NYSE:URI) Shares Acquired by Duncker Streett & Co. Inc.

Duncker Streett & Co. Inc. grew its holdings in shares of United Rentals, Inc. (NYSE:URI) by 18.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,238 shares of the construction company’s stock after acquiring an additional 803 shares during the period. Duncker Streett & Co. Inc.’s holdings in United Rentals were worth $3,004,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in United Rentals by 6.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 189,486 shares of the construction company’s stock valued at $108,655,000 after purchasing an additional 11,395 shares during the period. Everence Capital Management Inc. lifted its position in United Rentals by 15.7% in the 4th quarter. Everence Capital Management Inc. now owns 1,770 shares of the construction company’s stock valued at $1,015,000 after purchasing an additional 240 shares during the last quarter. DGS Capital Management LLC boosted its stake in United Rentals by 1.3% during the 4th quarter. DGS Capital Management LLC now owns 1,441 shares of the construction company’s stock valued at $827,000 after purchasing an additional 18 shares during the period. Dakota Wealth Management increased its stake in shares of United Rentals by 77.1% in the fourth quarter. Dakota Wealth Management now owns 9,122 shares of the construction company’s stock valued at $5,231,000 after purchasing an additional 3,971 shares during the period. Finally, Vontobel Holding Ltd. grew its holdings in United Rentals by 95.3% in the 4th quarter. Vontobel Holding Ltd. now owns 4,453 shares of the construction company’s stock worth $2,553,000 after buying an additional 2,173 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Trading Down 1.6 %

NYSE URI traded down $10.77 on Wednesday, hitting $655.97. 585,189 shares of the stock were exchanged, compared to its average volume of 465,619. The company’s 50-day moving average price is $680.99 and its two-hundred day moving average price is $568.14. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.81 and a quick ratio of 0.75. United Rentals, Inc. has a 52-week low of $325.15 and a 52-week high of $732.37. The company has a market capitalization of $44.06 billion, a price-to-earnings ratio of 18.56, a P/E/G ratio of 2.31 and a beta of 1.84.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, January 24th. The construction company reported $11.26 earnings per share for the quarter, beating analysts’ consensus estimates of $10.85 by $0.41. The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.63 billion. United Rentals had a return on equity of 36.80% and a net margin of 16.91%. During the same quarter in the previous year, the company posted $9.74 earnings per share. United Rentals’s revenue for the quarter was up 13.1% compared to the same quarter last year. Research analysts predict that United Rentals, Inc. will post 43.13 EPS for the current year.

United Rentals declared that its Board of Directors has approved a share repurchase plan on Wednesday, January 24th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 3.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

United Rentals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were issued a dividend of $1.63 per share. This is a boost from United Rentals’s previous quarterly dividend of $1.48. This represents a $6.52 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Tuesday, February 13th. United Rentals’s dividend payout ratio (DPR) is currently 18.44%.

Insider Activity at United Rentals

In other United Rentals news, CFO William E. Grace sold 775 shares of United Rentals stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $655.62, for a total transaction of $508,105.50. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available at this link. 0.49% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on URI shares. BNP Paribas reiterated an “underperform” rating and set a $485.00 price target on shares of United Rentals in a research report on Friday, January 5th. Robert W. Baird lifted their price target on United Rentals from $322.00 to $559.00 and gave the company an “underperform” rating in a research report on Friday, January 26th. Stifel Nicolaus upped their price objective on United Rentals from $494.00 to $591.00 and gave the company a “buy” rating in a report on Tuesday, December 19th. The Goldman Sachs Group boosted their price target on shares of United Rentals from $718.00 to $790.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Evercore ISI lifted their price objective on shares of United Rentals from $575.00 to $740.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. Three analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, United Rentals has a consensus rating of “Hold” and a consensus target price of $589.21.

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.