3,149 Shares in United Rentals, Inc. (NYSE:URI) Purchased by Heritage Trust Co

Heritage Trust Co acquired a new position in United Rentals, Inc. (NYSE:URI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,149 shares of the construction company's stock, valued at approximately $2,218,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Adell Harriman & Carpenter Inc. raised its holdings in United Rentals by 1.8% in the fourth quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company's stock worth $573,000 after purchasing an additional 14 shares in the last quarter. Valmark Advisers Inc. grew its position in shares of United Rentals by 1.8% in the 4th quarter. Valmark Advisers Inc. now owns 788 shares of the construction company's stock worth $555,000 after buying an additional 14 shares during the last quarter. Erste Asset Management GmbH grew its position in shares of United Rentals by 0.5% in the 4th quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company's stock worth $2,002,000 after buying an additional 14 shares during the last quarter. Klingman & Associates LLC raised its stake in shares of United Rentals by 2.3% during the 4th quarter. Klingman & Associates LLC now owns 669 shares of the construction company's stock worth $471,000 after acquiring an additional 15 shares in the last quarter. Finally, Moody National Bank Trust Division lifted its position in United Rentals by 4.5% during the fourth quarter. Moody National Bank Trust Division now owns 368 shares of the construction company's stock valued at $259,000 after acquiring an additional 16 shares during the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

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United Rentals Stock Performance

NYSE:URI traded up $0.82 during mid-day trading on Tuesday, hitting $597.65. The company's stock had a trading volume of 530,765 shares, compared to its average volume of 590,587. The business's fifty day moving average is $641.47 and its two-hundred day moving average is $738.65. The stock has a market cap of $39.05 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 1.43 and a beta of 1.72. United Rentals, Inc. has a 1 year low of $525.91 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.

United Rentals (NYSE:URI - Get Free Report) last issued its earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS 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%. Analysts anticipate that United Rentals, Inc. will post 44.8 EPS 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 paid a $1.79 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a yield of 1.20%. This is a boost from United Rentals's previous quarterly dividend of $1.63. United Rentals's dividend payout ratio (DPR) is currently 18.48%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on URI shares. Robert W. Baird raised United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price target on the stock in a research report on Tuesday, January 14th. Sanford C. Bernstein raised United Rentals from an "underperform" rating to a "market perform" rating and reduced their target price for the company from $705.00 to $666.00 in a research report on Tuesday, March 25th. Bank of America lowered their price target on United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a report on Friday, March 21st. JPMorgan Chase & Co. cut their price objective on shares of United Rentals from $1,000.00 to $750.00 and set an "overweight" rating on the stock in a report on Monday. Finally, UBS Group lowered shares of United Rentals from a "buy" rating to a "sell" rating and decreased their price objective for the company from $910.00 to $485.00 in a research report on Monday, April 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $734.29.

Insider Buying and Selling

In other news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 6,880 shares of the company's stock, valued at $4,390,128. The trade was a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.53% of the stock is owned by insiders.

About United Rentals

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.