Lbp Am Sa Purchases Shares of 5,132 United Rentals, Inc. (NYSE:URI)

Lbp Am Sa purchased a new stake in shares of United Rentals, Inc. (NYSE:URI) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,132 shares of the construction company’s stock, valued at approximately $3,615,000.

A number of other institutional investors and hedge funds have also bought and sold shares of URI. Rialto Wealth Management LLC purchased a new stake in shares of United Rentals during the fourth quarter valued at approximately $25,000. ORG Wealth Partners LLC purchased a new stake in shares of United Rentals during the fourth quarter valued at approximately $26,000. Hanson & Doremus Investment Management purchased a new stake in shares of United Rentals during the fourth quarter valued at approximately $33,000. Kestra Investment Management LLC purchased a new stake in shares of United Rentals during the fourth quarter valued at approximately $34,000. Finally, OFI Invest Asset Management purchased a new stake in shares of United Rentals during the fourth quarter valued at approximately $36,000. 96.26% of the stock is currently owned by institutional investors.

Insider Activity

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 transaction of $701,910.00. Following the completion of the transaction, the chief financial officer now directly owns 6,880 shares in the company, valued at $4,390,128. This trade represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on URI. Argus increased their price objective on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Citigroup dropped their price objective on United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Morgan Stanley dropped their price target on United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Finally, Evercore ISI dropped their price target on United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $829.00.

United Rentals Stock Performance

Shares of United Rentals stock opened at $623.35 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $40.71 billion, a P/E ratio of 16.09, a P/E/G ratio of 1.43 and a beta of 1.76. The business has a fifty day simple moving average of $701.71 and a two-hundred day simple moving average of $760.44. United Rentals, Inc. has a 12 month low of $585.27 and a 12 month high of $896.98.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing the consensus estimate 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, equities analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a dividend of $1.79 per share. The ex-dividend date 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 dividend yield of 1.15%. United Rentals’s dividend payout ratio (DPR) is presently 18.48%.

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.