Grandeur Peak Global Advisors LLC Has $717,000 Stake in United Rentals, Inc. (NYSE:URI)

Grandeur Peak Global Advisors LLC cut its position in shares of United Rentals, Inc. (NYSE:URI) by 64.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,018 shares of the construction company’s stock after selling 1,862 shares during the quarter. Grandeur Peak Global Advisors LLC’s holdings in United Rentals were worth $717,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Integrated Wealth Concepts LLC boosted its holdings in United Rentals by 7.6% during the third quarter. Integrated Wealth Concepts LLC now owns 355 shares of the construction company’s stock worth $288,000 after purchasing an additional 25 shares during the last quarter. M&T Bank Corp grew its holdings in shares of United Rentals by 4.6% in the 3rd quarter. M&T Bank Corp now owns 5,511 shares of the construction company’s stock valued at $4,463,000 after acquiring an additional 244 shares in the last quarter. Toronto Dominion Bank increased its position in shares of United Rentals by 14.9% in the third quarter. Toronto Dominion Bank now owns 22,324 shares of the construction company’s stock valued at $18,076,000 after acquiring an additional 2,890 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in United Rentals by 29.1% during the third quarter. TD Private Client Wealth LLC now owns 1,733 shares of the construction company’s stock worth $1,403,000 after acquiring an additional 391 shares in the last quarter. Finally, Rehmann Capital Advisory Group boosted its position in United Rentals by 21.4% during the third quarter. Rehmann Capital Advisory Group now owns 419 shares of the construction company’s stock valued at $340,000 after purchasing an additional 74 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on URI. Bank of America dropped their price objective on United Rentals from $850.00 to $750.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. JPMorgan Chase & Co. increased their price target 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. Evercore ISI dropped their target price 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. Morgan Stanley lowered their price target on United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. Finally, UBS Group downgraded United Rentals from a “buy” rating to a “sell” rating and reduced their target price for the stock from $910.00 to $485.00 in a research note on Monday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $752.14.

United Rentals Trading Up 0.3 %

Shares of United Rentals stock opened at $581.57 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $896.98. The company has a market capitalization of $38.00 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 1.43 and a beta of 1.72. The firm’s 50-day moving average price is $644.29 and its two-hundred day moving average price is $740.61.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share 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, 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. Investors of record on Wednesday, February 12th were issued a dividend of $1.79 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a dividend yield of 1.23%. United Rentals’s payout ratio is 18.48%.

Insider Transactions at United Rentals

In related 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 of the company’s stock, valued at $4,390,128. This trade represents a 13.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.51% of the company’s stock.

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.