Aster Capital Management DIFC Ltd Acquires Shares of 821 United Rentals, Inc. (NYSE:URI)

Aster Capital Management DIFC Ltd bought a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 821 shares of the construction company's stock, valued at approximately $578,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rialto Wealth Management LLC purchased a new position in United Rentals during the fourth quarter worth about $25,000. ORG Wealth Partners LLC purchased a new stake in shares of United Rentals during the 4th quarter valued at approximately $26,000. Murphy & Mullick Capital Management Corp acquired a new position in United Rentals in the fourth quarter valued at approximately $27,000. Meeder Asset Management Inc. grew its position in United Rentals by 241.7% in the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock worth $29,000 after acquiring an additional 29 shares during the period. Finally, Hanson & Doremus Investment Management acquired a new stake in United Rentals during the fourth quarter worth $33,000. Institutional investors and hedge funds own 96.26% of the company's stock.

Analyst Ratings Changes

URI has been the topic of several recent analyst reports. UBS Group lowered United Rentals from a "buy" rating to a "sell" rating and decreased their price target for the company from $910.00 to $485.00 in a research note on Monday, April 7th. Baird R W raised shares of United Rentals from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 14th. Sanford C. Bernstein upgraded shares of United Rentals from an "underperform" rating to a "market perform" rating and dropped their price target for the company from $705.00 to $666.00 in a research report on Tuesday, March 25th. Bank of America decreased their price objective on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Finally, JPMorgan Chase & Co. lifted their target price on shares of United Rentals from $940.00 to $1,000.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $752.14.

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United Rentals Stock Up 0.3 %

URI traded up $1.63 on Friday, hitting $581.57. 769,125 shares of the company were exchanged, compared to its average volume of 589,214. The firm has a 50-day moving average price of $644.29 and a two-hundred day moving average price of $740.61. 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 twelve month low of $525.91 and a twelve month high of $896.98. The company has a market cap of $38.00 billion, a price-to-earnings ratio of 15.01, a price-to-earnings-growth ratio of 1.43 and a beta of 1.72.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings data 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%. On average, equities analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

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

Insider Transactions at United Rentals

In related news, CFO William E. Grace sold 1,100 shares of the stock in a transaction 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 transaction, the chief financial officer now owns 6,880 shares of the company's stock, valued at $4,390,128. This represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.51% of the company's stock.

United Rentals 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.