Asset Management One Co. Ltd. Has $26.88 Million Position in United Rentals, Inc. (NYSE:URI)

Asset Management One Co. Ltd. lowered its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,540 shares of the construction company's stock after selling 737 shares during the quarter. Asset Management One Co. Ltd. owned about 0.06% of United Rentals worth $26,876,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. FMR LLC raised 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 in the last quarter. International Assets Investment Management LLC raised its holdings in United Rentals by 82,462.2% in the 3rd quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company's stock worth $1,300,962,000 after acquiring an additional 1,604,715 shares during the period. Geode Capital Management LLC raised its holdings in United Rentals by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,566,802 shares of the construction company's stock worth $1,264,326,000 after acquiring an additional 9,256 shares during the period. Franklin Resources Inc. raised its holdings in United Rentals by 6.1% in the 3rd quarter. Franklin Resources Inc. now owns 996,014 shares of the construction company's stock worth $862,110,000 after acquiring an additional 57,002 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings 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 period. Institutional investors own 96.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on URI. Argus lifted their target price on shares of United Rentals from $840.00 to $880.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Citigroup dropped their target price on shares of United Rentals from $985.00 to $835.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Bank of America lifted their target price on shares of United Rentals from $800.00 to $910.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Barclays lifted their target price 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of United Rentals from $940.00 to $1,000.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $814.08.

United Rentals Price Performance

NYSE:URI traded down $17.45 on Tuesday, reaching $723.81. The stock had a trading volume of 504,265 shares, compared to its average volume of 647,909. The company has a market capitalization of $47.27 billion, a P/E ratio of 18.69, a price-to-earnings-growth ratio of 1.54 and a beta of 1.68. United Rentals, Inc. has a 1-year low of $596.48 and a 1-year high of $896.98. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The stock has a fifty day moving average price of $738.87 and a 200-day moving average price of $770.03.

United Rentals (NYSE:URI - Get Free Report) last announced 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 return on equity of 34.21% and a net margin of 16.78%. Research analysts forecast that United Rentals, Inc. will post 44.93 EPS for the current year.

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be paid a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Wednesday, February 12th. This is an increase from United Rentals's previous quarterly dividend of $1.63. United Rentals's dividend payout ratio is presently 16.83%.

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.