Oak Thistle LLC Invests $406,000 in United Rentals, Inc. (NYSE:URI)

Oak Thistle LLC acquired a new stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 577 shares of the construction company's stock, valued at approximately $406,000.

A number of other large investors also recently bought and sold shares of the business. ORG Wealth Partners LLC purchased a new position in shares of United Rentals in the 4th quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in United Rentals during the third quarter valued at about $31,000. Carmichael Hill & Associates Inc. grew its stake in United Rentals by 80.0% in the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company's stock valued at $36,000 after purchasing an additional 20 shares during the last quarter. HM Payson & Co. bought a new position in United Rentals in the third quarter worth about $41,000. Finally, Trust Co. of Vermont lifted its position in shares of United Rentals by 6,000.0% during the third quarter. Trust Co. of Vermont now owns 61 shares of the construction company's stock valued at $49,000 after buying an additional 60 shares during the last quarter. Institutional investors own 96.26% of the company's stock.

United Rentals Stock Performance

Shares of United Rentals stock traded up $13.39 on Friday, reaching $770.81. 897,099 shares of the stock were exchanged, compared to its average volume of 761,509. The business has a 50 day moving average price of $780.86 and a two-hundred day moving average price of $759.88. The firm has a market capitalization of $50.58 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 1.46 and a beta of 1.69. United Rentals, Inc. has a twelve month low of $553.22 and a twelve month high of $896.98. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing the consensus estimate of $12.49 by ($0.69). The business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The business's revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $11.73 earnings per share. Analysts anticipate that United Rentals, Inc. will post 43.46 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Wednesday, November 13th. United Rentals's dividend payout ratio is currently 17.03%.

Insider Buying and Selling at United Rentals

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the company's stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the sale, the senior vice president now owns 2,044 shares in the company, valued at approximately $1,682,702.56. This represents a 30.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.53% of the company's stock.

Wall Street Analyst Weigh In

URI has been the topic of a number of analyst reports. Bank of America lifted their price objective on shares of United Rentals from $800.00 to $910.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Barclays lifted their price target 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. JPMorgan Chase & Co. increased their price objective on United Rentals from $780.00 to $940.00 and gave the company an "overweight" rating in a report on Monday, September 23rd. Argus boosted their target price on United Rentals from $840.00 to $880.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Finally, Robert W. Baird raised United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 target price on the stock in a research report on Tuesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $805.08.

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.