Cutter & CO Brokerage Inc. Has $225,000 Holdings in United Rentals, Inc. (NYSE:URI)

Cutter & CO Brokerage Inc. grew its stake in United Rentals, Inc. (NYSE:URI) by 6.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 320 shares of the construction company’s stock after acquiring an additional 20 shares during the period. Cutter & CO Brokerage Inc.’s holdings in United Rentals were worth $225,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Arkadios Wealth Advisors acquired a new position in United Rentals during the third quarter valued at approximately $247,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of United Rentals by 2.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,532 shares of the construction company’s stock worth $4,480,000 after purchasing an additional 131 shares in the last quarter. J.W. Cole Advisors Inc. acquired a new position in shares of United Rentals in the 3rd quarter valued at $220,000. Nisa Investment Advisors LLC grew its holdings in shares of United Rentals by 2.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 20,729 shares of the construction company’s stock valued at $16,785,000 after buying an additional 493 shares during the period. Finally, Old Port Advisors bought a new stake in shares of United Rentals in the 3rd quarter valued at $239,000. 96.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction dated Monday, February 24th. The shares were 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 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 legal filing with the SEC, which is available at this link. 0.49% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on URI. Citigroup reduced their target price on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Morgan Stanley cut their price objective on United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Robert W. Baird raised United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price for the company in a research note on Tuesday, January 14th. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. increased their price objective on shares of United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $829.00.

United Rentals Trading Up 0.6 %

United Rentals stock opened at $642.29 on Thursday. The company has a market cap of $41.95 billion, a price-to-earnings ratio of 16.58, a P/E/G ratio of 1.43 and a beta of 1.68. The firm has a 50-day moving average of $724.58 and a 200-day moving average of $769.00. 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 one year low of $596.48 and a one year high of $896.98.

United Rentals (NYSE:URI) last issued its quarterly earnings results 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 expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a $1.79 dividend. The ex-dividend date was Wednesday, February 12th. This is a boost from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a dividend yield of 1.11%. United Rentals’s dividend payout ratio (DPR) is currently 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.