Charles Schwab Investment Management Inc. Has $355.01 Million Holdings in United Rentals, Inc. (NYSE:URI)

Charles Schwab Investment Management Inc. raised its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 1.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 438,427 shares of the construction company's stock after acquiring an additional 5,325 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.67% of United Rentals worth $355,007,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. L & S Advisors Inc acquired a new stake in United Rentals in the third quarter worth about $6,586,000. LPL Financial LLC lifted its stake in shares of United Rentals by 8.4% in the 3rd quarter. LPL Financial LLC now owns 124,946 shares of the construction company's stock worth $101,173,000 after acquiring an additional 9,684 shares during the period. Trustmark National Bank Trust Department boosted its holdings in shares of United Rentals by 0.9% in the third quarter. Trustmark National Bank Trust Department now owns 6,822 shares of the construction company's stock valued at $5,524,000 after acquiring an additional 58 shares in the last quarter. Moors & Cabot Inc. increased its stake in shares of United Rentals by 1.8% during the third quarter. Moors & Cabot Inc. now owns 17,580 shares of the construction company's stock valued at $14,235,000 after acquiring an additional 309 shares during the period. Finally, Retireful LLC bought a new stake in United Rentals during the third quarter worth approximately $697,000. Institutional investors and hedge funds own 96.26% of the company's stock.

Insider Activity at United Rentals

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the firm's stock in a transaction dated 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 directly owns 2,044 shares in the company, valued at $1,682,702.56. This trade represents a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.53% of the company's stock.

United Rentals Stock Up 1.0 %

Shares of United Rentals stock traded up $8.58 during midday trading on Friday, hitting $849.32. The company's stock had a trading volume of 465,633 shares, compared to its average volume of 582,246. United Rentals, Inc. has a 1-year low of $454.71 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 firm has a market capitalization of $55.73 billion, a P/E ratio of 22.17, a PEG ratio of 1.97 and a beta of 1.68. The stock has a 50-day simple moving average of $819.40 and a 200-day simple moving average of $731.57.

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

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Wednesday, November 13th. United Rentals's dividend payout ratio (DPR) is presently 17.03%.

Analyst Ratings Changes

URI has been the subject of a number of research reports. Bank of America increased their price target on United Rentals from $800.00 to $910.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Robert W. Baird boosted their price target on shares of United Rentals from $565.00 to $650.00 and gave the stock an "underperform" rating in a research report on Thursday, October 3rd. Evercore ISI upped their price target on shares of United Rentals from $774.00 to $795.00 and gave the company an "outperform" rating in a report on Monday, August 19th. Argus lifted their price objective on shares of United Rentals from $840.00 to $880.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. increased their target price on shares of United Rentals from $780.00 to $940.00 and gave the company an "overweight" rating in a research note on Monday, September 23rd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, United Rentals currently has a consensus rating of "Hold" and an average target price of $751.67.

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.