Boston Common Asset Management LLC Has $7.65 Million Position in United Rentals, Inc. (NYSE:URI)

Boston Common Asset Management LLC cut its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 6.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,862 shares of the construction company's stock after selling 703 shares during the quarter. Boston Common Asset Management LLC's holdings in United Rentals were worth $7,652,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of URI. Meiji Yasuda Asset Management Co Ltd. boosted its stake in United Rentals by 15.4% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,089 shares of the construction company's stock worth $704,000 after buying an additional 145 shares in the last quarter. XTX Topco Ltd acquired a new position in United Rentals in the second quarter worth about $207,000. Intech Investment Management LLC lifted its stake in United Rentals by 44.7% during the second quarter. Intech Investment Management LLC now owns 32,660 shares of the construction company's stock worth $21,122,000 after purchasing an additional 10,094 shares during the period. Brighton Jones LLC acquired a new stake in United Rentals during the second quarter valued at approximately $271,000. Finally, Ieq Capital LLC grew its stake in shares of United Rentals by 7.3% in the 2nd quarter. Ieq Capital LLC now owns 3,573 shares of the construction company's stock valued at $2,311,000 after purchasing an additional 242 shares during the period. 96.26% of the stock is owned by institutional investors.

United Rentals Stock Up 1.8 %

Shares of NYSE:URI traded up $13.39 during midday trading on Friday, reaching $770.81. The company had a trading volume of 897,099 shares, compared to its average volume of 466,512. The business's 50 day moving average price is $778.79 and its 200 day moving average price is $760.78. United Rentals, Inc. has a 1-year low of $553.22 and a 1-year 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. The stock has a market cap of $50.58 billion, a PE ratio of 20.13, a P/E/G ratio of 1.46 and a beta of 1.69.

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

United Rentals Announces Dividend

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

Analyst Upgrades and Downgrades

URI has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on United Rentals from $780.00 to $940.00 and gave the company an "overweight" rating in a research note on Monday, September 23rd. Citigroup lowered 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. Robert W. Baird raised shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price target for the company in a report on Tuesday. Bank of America upped their price objective on shares of United Rentals from $800.00 to $910.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Finally, Barclays boosted their target price on United Rentals from $400.00 to $565.00 and gave the stock an "underweight" rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $805.08.

Insiders Place Their Bets

In other news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the transaction, the senior vice president now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.49% 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.