Institute for Wealth Management LLC. Decreases Position in United Rentals, Inc. (NYSE:URI)

Institute for Wealth Management LLC. decreased its stake in United Rentals, Inc. (NYSE:URI) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,688 shares of the construction company’s stock after selling 220 shares during the quarter. United Rentals comprises 0.7% of Institute for Wealth Management LLC.’s portfolio, making the stock its 23rd biggest holding. Institute for Wealth Management LLC.’s holdings in United Rentals were worth $5,415,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. ORG Wealth Partners LLC purchased a new stake in shares of United Rentals in the fourth quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in United Rentals during the third quarter valued at approximately $31,000. Carmichael Hill & Associates Inc. boosted its holdings in United Rentals by 80.0% in the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after acquiring an additional 20 shares in the last quarter. Hanson & Doremus Investment Management purchased a new stake in United Rentals during the 4th quarter worth approximately $33,000. Finally, HM Payson & Co. acquired a new position in shares of United Rentals in the 3rd quarter valued at $41,000. Institutional investors own 96.26% of the company’s stock.

United Rentals Trading Up 2.1 %

Shares of United Rentals stock opened at $774.50 on Friday. The company has a fifty day simple moving average of $766.58 and a 200-day simple moving average of $768.75. United Rentals, Inc. has a 12-month low of $596.48 and a 12-month high of $896.98. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. The stock has a market cap of $50.82 billion, a price-to-earnings ratio of 19.99, a PEG ratio of 1.68 and a beta of 1.69.

United Rentals (NYSE:URI) last posted its quarterly earnings data 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 34.51%. On average, equities analysts forecast that United Rentals, Inc. will post 46.06 EPS for the current fiscal year.

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be issued a $1.79 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a yield of 0.92%. This is an increase from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio (DPR) is 16.83%.

Wall Street Analysts Forecast Growth

URI has been the subject of several recent research reports. 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 target on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Citigroup decreased their target price 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. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target on the stock in a research note on Tuesday, January 14th. Finally, Bank of America upped their target price on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, United Rentals has an average rating of “Moderate Buy” and a consensus target price of $813.73.

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.