2,353 Shares in United Rentals, Inc. (NYSE:URI) Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. purchased a new stake in United Rentals, Inc. (NYSE:URI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,353 shares of the construction company's stock, valued at approximately $1,658,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC increased its holdings in United Rentals by 3.7% in the third quarter. FMR LLC now owns 2,416,568 shares of the construction company's stock worth $1,956,768,000 after buying an additional 85,325 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of United Rentals by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,566,802 shares of the construction company's stock worth $1,264,326,000 after purchasing an additional 9,256 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of United Rentals by 6.1% during the 3rd quarter. Franklin Resources Inc. now owns 996,014 shares of the construction company's stock worth $862,110,000 after purchasing an additional 57,002 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of United Rentals by 15.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company's stock valued at $637,968,000 after purchasing an additional 105,287 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in United Rentals by 7.6% in the fourth quarter. Nordea Investment Management AB now owns 732,954 shares of the construction company's stock worth $517,018,000 after purchasing an additional 52,037 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.

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Insider Activity at United Rentals

In other news, CFO William E. Grace sold 1,100 shares of the company's stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 6,880 shares in the company, valued at approximately $4,390,128. This represents a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.53% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on URI. Baird R W raised United Rentals from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 14th. Citigroup lowered their price target on United Rentals from $985.00 to $835.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. JPMorgan Chase & Co. boosted their price objective on shares of United Rentals from $940.00 to $1,000.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Sanford C. Bernstein upgraded shares of United Rentals from an "underperform" rating to a "market perform" rating and lowered their target price for the company from $705.00 to $666.00 in a research note on Tuesday. Finally, Evercore ISI cut their target price on shares of United Rentals from $1,004.00 to $974.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $804.15.

United Rentals Stock Performance

URI traded up $5.59 on Tuesday, hitting $652.67. 210,780 shares of the stock traded hands, compared to its average volume of 547,776. The business has a fifty day moving average price of $695.59 and a two-hundred day moving average price of $756.81. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $42.62 billion, a PE ratio of 16.86, a P/E/G ratio of 1.43 and a beta of 1.76. United Rentals, Inc. has a 52 week low of $585.27 and a 52 week high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. On average, research analysts predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a dividend of $1.79 per share. This is a positive change from United Rentals's previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Wednesday, February 12th. United Rentals's payout ratio is 18.48%.

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.