Headlands Technologies LLC Invests $641,000 in United Rentals, Inc. (NYSE:URI)

Headlands Technologies LLC bought a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 910 shares of the construction company's stock, valued at approximately $641,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of United Rentals during the fourth quarter worth $695,716,000. Proficio Capital Partners LLC acquired a new position in United Rentals during the 4th quarter worth $171,733,000. Raymond James Financial Inc. purchased a new stake in United Rentals during the 4th quarter worth about $164,493,000. Alliancebernstein L.P. raised its position in United Rentals by 16.0% in the 4th quarter. Alliancebernstein L.P. now owns 1,250,324 shares of the construction company's stock valued at $880,778,000 after purchasing an additional 172,340 shares in the last quarter. Finally, TD Asset Management Inc. raised its position in United Rentals by 207.8% in the 4th quarter. TD Asset Management Inc. now owns 234,366 shares of the construction company's stock valued at $165,097,000 after purchasing an additional 158,214 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

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 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 sale, the chief financial officer now directly owns 6,880 shares of the company's stock, valued at $4,390,128. This represents a 13.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.53% of the company's stock.

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United Rentals Stock Performance

NYSE:URI traded down $26.61 during mid-day trading on Friday, reaching $564.56. 1,180,723 shares of the stock were exchanged, compared to its average volume of 572,625. The stock has a market capitalization of $36.88 billion, a P/E ratio of 14.57, a P/E/G ratio of 1.43 and a beta of 1.72. United Rentals, Inc. has a 1 year low of $545.37 and a 1 year high of $896.98. The company has a 50 day simple moving average of $669.75 and a 200-day simple moving average of $750.88. 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 (NYSE:URI - Get Free Report) last announced its earnings results 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 net margin of 16.78% and a return on equity of 34.21%. Analysts anticipate 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. Stockholders of record on Wednesday, February 12th were issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.27%. This is a boost from United Rentals's previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Wednesday, February 12th. United Rentals's dividend payout ratio is presently 18.48%.

Analyst Ratings Changes

Several brokerages recently weighed in on URI. JPMorgan Chase & Co. raised their target price on shares of United Rentals from $940.00 to $1,000.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Bank of America reduced their price objective on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Baird R W upgraded shares of United Rentals from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 14th. Citigroup dropped their target price on United Rentals from $985.00 to $835.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Finally, Evercore ISI decreased their price target on United Rentals from $1,004.00 to $974.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $804.15.

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.