Aaron Wealth Advisors LLC Grows Stock Position in United Rentals, Inc. (NYSE:URI)

Aaron Wealth Advisors LLC boosted its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 125.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 987 shares of the construction company's stock after purchasing an additional 549 shares during the quarter. Aaron Wealth Advisors LLC's holdings in United Rentals were worth $695,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in shares of United Rentals by 3.7% during the 3rd quarter. FMR LLC now owns 2,416,568 shares of the construction company's stock valued at $1,956,768,000 after purchasing an additional 85,325 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of United Rentals by 82,462.2% in the third quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company's stock worth $1,300,962,000 after buying an additional 1,604,715 shares in the last quarter. Geode Capital Management LLC boosted its stake in United Rentals by 0.6% during the third quarter. Geode Capital Management LLC now owns 1,566,802 shares of the construction company's stock valued at $1,264,326,000 after buying an additional 9,256 shares during the last quarter. Franklin Resources Inc. grew its holdings in United Rentals by 6.1% during the 3rd quarter. Franklin Resources Inc. now owns 996,014 shares of the construction company's stock valued at $862,110,000 after buying an additional 57,002 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in United Rentals by 15.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company's stock worth $637,968,000 after acquiring an additional 105,287 shares during the last quarter. Institutional investors own 96.26% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Barclays increased their target price on United Rentals from $400.00 to $565.00 and gave the company an "underweight" rating in a research report on Friday, October 25th. Argus lifted their price objective on shares of United Rentals from $840.00 to $880.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Baird R W upgraded shares of United Rentals from a "strong sell" rating to a "hold" rating in a research report on Tuesday, January 14th. Robert W. Baird upgraded United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price target for the company in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. upped their price objective on United Rentals from $780.00 to $940.00 and gave the company an "overweight" rating in a research report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $805.08.

Insider Activity

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the completion of the sale, the senior vice president now directly owns 2,044 shares in the company, valued at approximately $1,682,702.56. This trade represents a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.49% of the company's stock.

United Rentals Trading Up 1.8 %

URI traded up $13.39 during trading hours on Monday, reaching $770.81. 897,099 shares of the company's stock traded hands, compared to its average volume of 466,512. The firm has a 50-day moving average price of $778.79 and a 200 day moving average price of $762.34. The firm has a market capitalization of $50.58 billion, a PE ratio of 20.13, a PEG ratio of 1.46 and a beta of 1.69. 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, Inc. has a 52-week low of $553.22 and a 52-week high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $12.49 by ($0.69). The company had revenue of $3.99 billion for the quarter, compared to analysts' expectations of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The firm's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $11.73 earnings per share. As a group, sell-side analysts predict that United Rentals, Inc. will post 43.46 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Wednesday, November 13th. United Rentals's dividend payout ratio (DPR) is presently 17.03%.

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.