Bridges Investment Management Inc. Sells 304 Shares of United Rentals, Inc. (NYSE:URI)

Bridges Investment Management Inc. lessened its holdings in shares of United Rentals, Inc. (NYSE:URI) by 1.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,841 shares of the construction company’s stock after selling 304 shares during the quarter. Bridges Investment Management Inc.’s holdings in United Rentals were worth $18,908,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of URI. ORG Wealth Partners LLC bought a new stake in shares of United Rentals during the fourth quarter worth about $26,000. Hanson & Doremus Investment Management bought a new stake in United Rentals during the 4th quarter worth approximately $33,000. Kestra Investment Management LLC purchased a new stake in shares of United Rentals in the fourth quarter worth approximately $34,000. Carmichael Hill & Associates Inc. lifted its holdings in shares of United Rentals by 80.0% in the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock valued at $36,000 after purchasing an additional 20 shares in the last quarter. Finally, HM Payson & Co. purchased a new position in shares of United Rentals during the third quarter valued at approximately $41,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insider Activity at United Rentals

In other news, CFO William E. Grace sold 1,100 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was 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 directly owns 6,880 shares of the company’s stock, valued at $4,390,128. This trade represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.53% of the stock is owned by company insiders.

United Rentals Stock Performance

NYSE:URI opened at $642.49 on Friday. The company has a market capitalization of $41.96 billion, a P/E ratio of 16.58, a P/E/G ratio of 1.43 and a beta of 1.68. The business has a fifty day simple moving average of $721.43 and a two-hundred day simple moving average of $768.19. 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, Inc. has a 1 year low of $596.48 and a 1 year high of $896.98.

United Rentals (NYSE:URI) last announced 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%. On average, analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current 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 issued a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This is an increase from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a yield of 1.11%. United Rentals’s dividend payout ratio (DPR) is 18.48%.

Analyst Ratings Changes

Several equities analysts have weighed in on URI shares. Robert W. Baird upgraded 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. Evercore ISI cut their price target 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. increased their price objective 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. Argus lifted their target price 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. Finally, Citigroup reduced their target price on United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. One investment 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’s stock. Based on data from MarketBeat.com, United Rentals has a consensus rating of “Moderate Buy” and a consensus target price of $829.00.

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.