Bryce Point Capital LLC Makes New Investment in United Rentals, Inc. (NYSE:URI)

Bryce Point Capital LLC purchased a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 717 shares of the construction company's stock, valued at approximately $505,000.

A number of other large investors also recently modified their holdings of the company. Rialto Wealth Management LLC acquired a new stake in United Rentals in the 4th quarter valued at $25,000. ORG Wealth Partners LLC acquired a new stake in shares of United Rentals in the fourth quarter valued at about $26,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of United Rentals during the 4th quarter valued at about $27,000. Meeder Asset Management Inc. lifted its position in United Rentals by 241.7% during 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 United Rentals during the 4th quarter worth approximately $33,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at United Rentals

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the completion of the sale, the chief financial officer now directly owns 6,880 shares in the company, valued at $4,390,128. This represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.51% of the company's stock.

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United Rentals Trading Up 10.9 %

NYSE URI traded up $60.39 during trading hours on Wednesday, hitting $612.33. The company's stock had a trading volume of 2,342,700 shares, compared to its average volume of 586,004. The company has a quick ratio of 0.92, a current ratio of 0.98 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 stock has a fifty day moving average of $650.92 and a 200 day moving average of $743.68. The firm has a market capitalization of $40.00 billion, a P/E ratio of 15.80, a PEG ratio of 1.43 and a beta of 1.72.

United Rentals (NYSE:URI - Get Free Report) last issued 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%. Equities research analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Wednesday, February 12th. This is a positive change from United Rentals's previous quarterly dividend of $1.63. United Rentals's dividend payout ratio is presently 18.48%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on URI. Evercore ISI dropped their price objective on shares of United Rentals from $1,004.00 to $974.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. Morgan Stanley dropped their price target on shares of United Rentals from $775.00 to $765.00 and set an "equal weight" rating on the stock in a research note on Monday, February 3rd. Robert W. Baird upgraded shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price objective on the stock in a report on Tuesday, January 14th. UBS Group downgraded United Rentals from a "buy" rating to a "sell" rating and lowered their target price for the company from $910.00 to $485.00 in a research note on Monday. Finally, Sanford C. Bernstein upgraded United Rentals from an "underperform" rating to a "market perform" rating and cut their price target for the stock from $705.00 to $666.00 in a research note on Tuesday, March 25th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $752.14.

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.