New Age Alpha Advisors LLC Takes $3.36 Million Position in United Rentals, Inc. (NYSE:URI)

New Age Alpha Advisors LLC bought a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,763 shares of the construction company's stock, valued at approximately $3,355,000.

A number of other large investors have also bought and sold shares of the stock. Adell Harriman & Carpenter Inc. boosted its position in shares of United Rentals by 1.8% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company's stock worth $573,000 after purchasing an additional 14 shares in the last quarter. Valmark Advisers Inc. raised its stake in United Rentals by 1.8% during the 4th quarter. Valmark Advisers Inc. now owns 788 shares of the construction company's stock worth $555,000 after buying an additional 14 shares during the period. Erste Asset Management GmbH boosted its holdings in United Rentals by 0.5% in the fourth quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company's stock worth $2,002,000 after acquiring an additional 14 shares in the last quarter. Klingman & Associates LLC grew its stake in United Rentals by 2.3% in the fourth quarter. Klingman & Associates LLC now owns 669 shares of the construction company's stock valued at $471,000 after acquiring an additional 15 shares during the period. Finally, Moody National Bank Trust Division increased its holdings in shares of United Rentals by 4.5% during the fourth quarter. Moody National Bank Trust Division now owns 368 shares of the construction company's stock valued at $259,000 after acquiring an additional 16 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analyst Weigh In

URI has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their target price on United Rentals from $940.00 to $1,000.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Morgan Stanley reduced their price objective on shares of United Rentals from $775.00 to $765.00 and set an "equal weight" rating for the company in a report on Monday, February 3rd. Baird R W raised shares of United Rentals from a "strong sell" rating to a "hold" rating in a research report on Tuesday, January 14th. Robert W. Baird raised shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price objective on the stock in a report on Tuesday, January 14th. Finally, Sanford C. Bernstein upgraded shares of United Rentals from an "underperform" rating to a "market perform" rating and cut their price target for the stock from $705.00 to $666.00 in a report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, United Rentals currently has a consensus rating of "Moderate Buy" and an average price target of $804.15.

United Rentals Stock Performance

Shares of URI traded down $56.72 during mid-day trading on Thursday, hitting $589.45. The stock had a trading volume of 239,256 shares, compared to its average volume of 566,931. United Rentals, Inc. has a 52 week low of $585.27 and a 52 week high of $896.98. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The business has a fifty day moving average price of $678.19 and a 200-day moving average price of $753.23. The firm has a market cap of $38.51 billion, a P/E ratio of 15.21, a PEG ratio of 1.43 and a beta of 1.76.

United Rentals (NYSE:URI - Get Free Report) last announced 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, equities research analysts expect that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a dividend of $1.79 per share. This is a boost from United Rentals's previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Wednesday, February 12th. United Rentals's dividend payout ratio is presently 18.48%.

Insider Buying and Selling

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