Mariner LLC Buys 7,715 Shares of United Rentals, Inc. (NYSE:URI)

Mariner LLC lifted its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 8.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,349 shares of the construction company's stock after buying an additional 7,715 shares during the period. Mariner LLC owned about 0.15% of United Rentals worth $69,283,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Rialto Wealth Management LLC acquired a new position in shares of United Rentals in the fourth quarter worth $25,000. ORG Wealth Partners LLC acquired a new position in United Rentals in the 4th quarter worth about $26,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of United Rentals during the 4th quarter worth about $27,000. Meeder Asset Management Inc. lifted its holdings in shares of United Rentals by 241.7% during the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock valued at $29,000 after buying an additional 29 shares during the last quarter. Finally, Hanson & Doremus Investment Management bought a new stake in shares of United Rentals in the 4th quarter valued at approximately $33,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

United Rentals Stock Performance

Shares of NYSE:URI traded up $5.57 on Friday, hitting $590.80. 367,847 shares of the company were exchanged, compared to its average volume of 588,088. The company's 50 day moving average price is $632.19 and its two-hundred day moving average price is $735.11. 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 firm has a market capitalization of $38.60 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 1.43 and a beta of 1.72. United Rentals, Inc. has a one year low of $525.91 and a one year high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last issued 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%. Research analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current 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 1.21%. The ex-dividend date of this dividend was Wednesday, February 12th. United Rentals's payout ratio is 18.48%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Citigroup cut their price target on shares of United Rentals from $720.00 to $650.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Robert W. Baird raised United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price target for the company in a research report on Tuesday, January 14th. Evercore ISI lowered their price objective on United Rentals from $1,004.00 to $974.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. 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 research note on Monday. Finally, UBS Group cut United Rentals from a "buy" rating to a "sell" rating and decreased their target price for the stock from $910.00 to $485.00 in a research report on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $729.79.

Insider Activity at United Rentals

In other news, CFO William E. Grace sold 1,100 shares of the business'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 transaction, the chief financial officer now directly owns 6,880 shares of the company's stock, valued at $4,390,128. The trade was a 13.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.53% of the stock is currently owned by insiders.

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.