United Rentals, Inc. (NYSE:URI) Shares Purchased by Signaturefd LLC

Signaturefd LLC raised its stake in United Rentals, Inc. (NYSE:URI) by 15.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,767 shares of the construction company’s stock after acquiring an additional 243 shares during the quarter. Signaturefd LLC’s holdings in United Rentals were worth $1,245,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Rialto Wealth Management LLC acquired a new position in United Rentals in the fourth quarter valued at approximately $25,000. ORG Wealth Partners LLC acquired a new position in United Rentals in the fourth quarter valued at approximately $26,000. Hanson & Doremus Investment Management acquired a new position in United Rentals in the fourth quarter valued at approximately $33,000. Kestra Investment Management LLC acquired a new position in United Rentals in the fourth quarter valued at approximately $34,000. Finally, OFI Invest Asset Management acquired a new position in United Rentals in the fourth quarter valued at approximately $36,000. 96.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO William E. Grace sold 1,100 shares of the company’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 transaction, the chief financial officer now owns 6,880 shares of the company’s stock, valued at $4,390,128. This represents a 13.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

URI has been the subject of a number of analyst reports. Citigroup decreased their price target on United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Robert W. Baird upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective for the company in a research report on Tuesday, January 14th. Argus boosted their price objective on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Morgan Stanley cut their price objective on United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Finally, Evercore ISI cut their price objective on United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, United Rentals presently has a consensus rating of “Moderate Buy” and an average price target of $829.00.

United Rentals Stock Performance

NYSE URI opened at $608.51 on Wednesday. The stock’s fifty day moving average is $698.93 and its two-hundred day moving average is $758.97. The firm has a market capitalization of $39.74 billion, a P/E ratio of 15.70, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. United Rentals, Inc. has a fifty-two week low of $585.27 and a fifty-two week high of $896.98.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing analysts’ consensus estimates 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, research analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Wednesday, February 12th. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio is 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.