Westpac Banking Corp cut its holdings in United Rentals, Inc. (NYSE:URI – Get Rating) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,536 shares of the construction company's stock after selling 87 shares during the quarter. Westpac Banking Corp's holdings in United Rentals were worth $2,678,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc raised its position in shares of United Rentals by 86.3% in the fourth quarter. AdvisorNet Financial Inc now owns 95 shares of the construction company's stock valued at $34,000 after purchasing an additional 44 shares during the period. Godsey & Gibb Inc. bought a new position in shares of United Rentals in the fourth quarter valued at approximately $36,000. MUFG Americas Holdings Corp raised its position in shares of United Rentals by 1,900.0% in the third quarter. MUFG Americas Holdings Corp now owns 100 shares of the construction company's stock valued at $27,000 after purchasing an additional 95 shares during the period. Trustcore Financial Services LLC raised its position in shares of United Rentals by 1,237.5% in the third quarter. Trustcore Financial Services LLC now owns 107 shares of the construction company's stock valued at $29,000 after purchasing an additional 99 shares during the period. Finally, Eagle Bay Advisors LLC bought a new position in shares of United Rentals in the second quarter valued at approximately $27,000. 89.65% of the stock is currently owned by institutional investors and hedge funds.
Get United Rentals alerts:Analysts Set New Price Targets
A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of United Rentals from $399.00 to $406.00 and gave the company a "hold" rating in a research report on Wednesday, April 12th. Wells Fargo & Company boosted their target price on shares of United Rentals from $435.00 to $440.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 10th. KeyCorp dropped their target price on shares of United Rentals from $515.00 to $475.00 in a research report on Friday. Robert W. Baird lowered shares of United Rentals from a "neutral" rating to an "underperform" rating and dropped their target price for the stock from $425.00 to $300.00 in a research report on Monday, March 27th. Finally, UBS Group dropped their target price on shares of United Rentals from $490.00 to $458.00 in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $421.08.
United Rentals Trading Up 1.0 %
Shares of United Rentals stock opened at $361.11 on Monday. The firm has a market capitalization of $24.82 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 0.52 and a beta of 1.82. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.15 and a quick ratio of 1.02. The company's fifty day moving average price is $403.01 and its two-hundred day moving average price is $378.93. United Rentals, Inc. has a 52-week low of $230.54 and a 52-week high of $481.99.
United Rentals (NYSE:URI – Get Rating) last issued its earnings results on Wednesday, April 26th. The construction company reported $7.95 EPS for the quarter, missing the consensus estimate of $8.12 by ($0.17). United Rentals had a net margin of 17.65% and a return on equity of 36.77%. The firm had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same quarter in the prior year, the firm posted $5.73 EPS. The firm's revenue for the quarter was up 30.2% on a year-over-year basis. On average, analysts expect that United Rentals, Inc. will post 42.18 EPS for the current year.
United Rentals Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 24th. Stockholders of record on Wednesday, May 10th will be paid a $1.48 dividend. The ex-dividend date is Tuesday, May 9th. This represents a $5.92 annualized dividend and a dividend yield of 1.64%. United Rentals's dividend payout ratio is presently 18.99%.
Insider Activity
In other news, CEO Matthew John Flannery sold 12,000 shares of the business's stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $477.99, for a total value of $5,735,880.00. Following the sale, the chief executive officer now owns 101,276 shares in the company, valued at approximately $48,408,915.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.53% of the stock is owned by corporate insiders.
About United Rentals
(Get Rating)
United Rentals, Inc engages in the equipment rental business. It operates through the General Rentals and Specialty segments. The General Rentals segment includes the rental of construction, aerial and industrial equipment, general tools and light equipment, and related services and activities. The Specialty segment focuses on the rental of specialty construction products such as trench safety equipment, power and HVAC equipment, fluid solutions equipment, mobile storage equipment and modular office space.
Featured Articles
- Get a free copy of the StockNews.com research report on United Rentals (URI)
- MarketBeat Week in Review – 4/24 – 4/28
- How to Invest in the Top Grocery Stocks for This Year
- Array Technologies Brings Solar Flare To 2023 Earnings Forecast
- Best Bank Stocks to Invest in Ahead of Rising Interest Rates
- How to Invest in Farmland: 7 Simple Ways
Want to see what other hedge funds are holding URI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Rentals, Inc. (NYSE:URI – Get Rating).
Receive News & Ratings for United Rentals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Rentals and related companies with MarketBeat.com's FREE daily email newsletter.