Applied Finance Capital Management LLC Sells 6,824 Shares of United Rentals, Inc. (NYSE:URI)

Applied Finance Capital Management LLC cut its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 11.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,550 shares of the construction company's stock after selling 6,824 shares during the period. United Rentals accounts for 1.5% of Applied Finance Capital Management LLC's investment portfolio, making the stock its 28th largest holding. Applied Finance Capital Management LLC owned about 0.08% of United Rentals worth $35,609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Rialto Wealth Management LLC acquired a new stake in shares of United Rentals during the fourth quarter worth $25,000. ORG Wealth Partners LLC bought a new stake in United Rentals during the fourth quarter valued at $26,000. Murphy & Mullick Capital Management Corp acquired a new stake in United Rentals during the 4th quarter worth about $27,000. Meeder Asset Management Inc. raised its position in shares of United Rentals by 241.7% in the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock worth $29,000 after acquiring an additional 29 shares in the last quarter. Finally, Hanson & Doremus Investment Management acquired a new position in shares of United Rentals in the 4th quarter valued at about $33,000. 96.26% of the stock is currently owned by institutional investors.

Insider Transactions at United Rentals

In related news, CFO William E. Grace sold 1,100 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $638.10, for a total transaction of $701,910.00. Following the transaction, the chief financial officer now directly owns 6,880 shares in the company, valued at approximately $4,390,128. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.51% of the company's stock.

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United Rentals Stock Up 0.3 %

NYSE URI traded up $1.63 during trading hours on Friday, hitting $581.57. The company's stock had a trading volume of 769,125 shares, compared to its average volume of 589,193. The company has a market capitalization of $38.00 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 1.43 and a beta of 1.72. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $896.98. The company's 50-day simple moving average is $644.29 and its two-hundred day simple moving average is $740.17.

United Rentals (NYSE:URI - Get Free Report) last posted its earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing analysts' consensus estimates of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. Research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 1.23%. This is an increase from United Rentals's previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Wednesday, February 12th. United Rentals's payout ratio is currently 18.48%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on URI shares. Sanford C. Bernstein raised United Rentals from an "underperform" rating to a "market perform" rating and decreased their target price for the stock from $705.00 to $666.00 in a research note on Tuesday, March 25th. UBS Group downgraded shares of United Rentals from a "buy" rating to a "sell" rating and reduced their price objective for the stock from $910.00 to $485.00 in a research report on Monday, April 7th. 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. Citigroup cut their target price on shares of United Rentals from $720.00 to $650.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, Morgan Stanley decreased their price target on shares of United Rentals from $775.00 to $765.00 and set an "equal weight" rating for the company in a research note on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $752.14.

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.