Farringdon Capital Ltd. Takes $370,000 Position in United Rentals, Inc. (NYSE:URI)

Farringdon Capital 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 525 shares of the construction company's stock, valued at approximately $370,000.

Other large investors have also made changes to their positions in the company. Rialto Wealth Management LLC purchased a new stake in shares of United Rentals in the 4th quarter valued at approximately $25,000. ORG Wealth Partners LLC acquired a new position in United Rentals in the fourth quarter valued at approximately $26,000. Murphy & Mullick Capital Management Corp purchased a new position in United Rentals in the fourth quarter worth approximately $27,000. Meeder Asset Management Inc. increased its stake in United Rentals by 241.7% during 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 last quarter. Finally, Hanson & Doremus Investment Management purchased a new stake in United Rentals in the fourth quarter valued at $33,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on URI. Sanford C. Bernstein raised United Rentals from an "underperform" rating to a "market perform" rating and cut their target price for the company from $705.00 to $666.00 in a research report on Tuesday, March 25th. JPMorgan Chase & Co. cut their price objective on United Rentals from $1,000.00 to $750.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Baird R W raised United Rentals from a "strong sell" rating to a "hold" rating in a research report on Tuesday, January 14th. Bank of America reduced their price target on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Finally, Robert W. Baird upgraded shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price objective for the company in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $729.79.

United Rentals Stock Performance

URI traded up $14.89 during trading on Wednesday, reaching $589.65. The company's stock had a trading volume of 878,052 shares, compared to its average volume of 735,307. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. The company's fifty day moving average price is $622.56 and its 200-day moving average price is $730.18. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $896.98. The company has a market capitalization of $38.52 billion, a price-to-earnings ratio of 15.22, a price-to-earnings-growth ratio of 1.43 and a beta of 1.72.

United Rentals (NYSE:URI - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing the consensus estimate of $8.92 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. On average, equities analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a $1.79 dividend. 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. This represents a $7.16 annualized dividend and a yield of 1.21%. United Rentals's dividend payout ratio is 18.48%.

Insider Buying and Selling

In related news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 6,880 shares in the company, valued at $4,390,128. The trade was a 13.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.53% of the company's stock.

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.