YANKCOM Partnership Makes New $70,000 Investment in United Rentals, Inc. (NYSE:URI)

YANKCOM Partnership bought a new position in United Rentals, Inc. (NYSE:URI) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 100 shares of the construction company’s stock, valued at approximately $70,000.

A number of other hedge funds have also bought and sold shares of URI. Mirae Asset Global Investments Co. Ltd. increased its position in shares of United Rentals by 11.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,203 shares of the construction company’s stock valued at $7,492,000 after purchasing an additional 964 shares during the last quarter. Retireful LLC purchased a new stake in shares of United Rentals during the 3rd quarter valued at about $697,000. Mizuho Securities USA LLC increased its position in shares of United Rentals by 1,067.5% during the 3rd quarter. Mizuho Securities USA LLC now owns 59,879 shares of the construction company’s stock valued at $48,486,000 after purchasing an additional 54,750 shares during the last quarter. Fiduciary Alliance LLC increased its position in shares of United Rentals by 196.5% during the 4th quarter. Fiduciary Alliance LLC now owns 1,420 shares of the construction company’s stock valued at $1,000,000 after purchasing an additional 941 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in shares of United Rentals by 7.6% during the 4th quarter. Nordea Investment Management AB now owns 732,954 shares of the construction company’s stock valued at $517,018,000 after purchasing an additional 52,037 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Trading Up 1.6 %

URI stock opened at $750.22 on Friday. United Rentals, Inc. has a 1-year low of $596.48 and a 1-year high of $896.98. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The company has a market capitalization of $49.00 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 1.52 and a beta of 1.68. The business has a 50 day simple moving average of $755.32 and a two-hundred day simple moving average of $769.55.

United Rentals (NYSE:URI) last posted its quarterly 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%. Research analysts anticipate that United Rentals, Inc. will post 46.09 EPS for the current fiscal year.

United Rentals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be paid a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 0.95%. This is an increase from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Wednesday, February 12th. United Rentals’s dividend payout ratio is presently 16.83%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Citigroup reduced their price target on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Bank of America upped their price target on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Morgan Stanley reduced their target price on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a report on Monday. Finally, Barclays increased their target price on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, United Rentals currently has a consensus rating of “Moderate Buy” and an average target price of $814.08.

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.