K.J. Harrison & Partners Inc Raises Holdings in United Rentals, Inc. (NYSE:URI)

K.J. Harrison & Partners Inc boosted its stake in shares of United Rentals, Inc. (NYSE:URI) by 24.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,100 shares of the construction company’s stock after acquiring an additional 1,200 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in United Rentals were worth $4,208,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Arkadios Wealth Advisors purchased a new stake in United Rentals during the third quarter worth $247,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of United Rentals by 2.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,532 shares of the construction company’s stock worth $4,480,000 after acquiring an additional 131 shares in the last quarter. J.W. Cole Advisors Inc. acquired a new stake in shares of United Rentals during the 3rd quarter valued at about $220,000. Nisa Investment Advisors LLC increased its stake in shares of United Rentals by 2.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 20,729 shares of the construction company’s stock valued at $16,785,000 after purchasing an additional 493 shares in the last quarter. Finally, Old Port Advisors purchased a new position in shares of United Rentals in the 3rd quarter valued at about $239,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

URI has been the subject of a number of recent analyst reports. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Citigroup cut their price target on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Evercore ISI decreased their price objective on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. JPMorgan Chase & Co. boosted their target price on shares of United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, Argus upped their price target on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $829.00.

Insider Activity at United Rentals

In other news, CFO William E. Grace sold 1,100 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $638.10, for a total value of $701,910.00. Following the completion of the transaction, the chief financial officer now owns 6,880 shares of the company’s stock, valued at approximately $4,390,128. This trade represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.49% of the company’s stock.

United Rentals Stock Up 0.6 %

Shares of NYSE URI opened at $642.29 on Thursday. United Rentals, Inc. has a 1 year low of $596.48 and a 1 year high of $896.98. The company has a market capitalization of $41.95 billion, a P/E ratio of 16.58, a P/E/G ratio of 1.43 and a beta of 1.68. The company has a 50 day simple moving average of $724.58 and a 200-day simple moving average of $769.00. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. On average, equities research analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This is a boost from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.11%. 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.