Northeast Investment Management Has $20.22 Million Position in United Rentals, Inc. (NYSE:URI)

Northeast Investment Management lifted its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 8.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,709 shares of the construction company's stock after acquiring an additional 2,117 shares during the quarter. Northeast Investment Management's holdings in United Rentals were worth $20,224,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC lifted its holdings in shares of United Rentals by 3.7% in the third quarter. FMR LLC now owns 2,416,568 shares of the construction company's stock valued at $1,956,768,000 after purchasing an additional 85,325 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of United Rentals by 82,462.2% in the third quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company's stock valued at $1,300,962,000 after purchasing an additional 1,604,715 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of United Rentals by 0.6% in the third quarter. Geode Capital Management LLC now owns 1,566,802 shares of the construction company's stock valued at $1,264,326,000 after purchasing an additional 9,256 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of United Rentals by 6.1% in the third quarter. Franklin Resources Inc. now owns 996,014 shares of the construction company's stock valued at $862,110,000 after purchasing an additional 57,002 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of United Rentals by 15.4% during the third quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company's stock valued at $637,968,000 after buying an additional 105,287 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

URI has been the topic of several recent analyst reports. Morgan Stanley reduced their price objective on shares of United Rentals from $775.00 to $765.00 and set an "equal weight" rating on the stock in a research note on Monday, February 3rd. Citigroup reduced their price objective on shares of United Rentals from $985.00 to $835.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Barclays upped their price objective on shares of United Rentals from $400.00 to $565.00 and gave the company an "underweight" rating in a research note on Friday, October 25th. Argus upped their price objective on shares of United Rentals from $840.00 to $880.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Finally, Baird R W raised shares of United Rentals from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, United Rentals currently has an average rating of "Moderate Buy" and an average price target of $814.08.

United Rentals Trading Down 2.4 %

Shares of United Rentals stock traded down $18.16 during trading hours on Wednesday, hitting $734.83. The company's stock had a trading volume of 479,620 shares, compared to its average volume of 667,526. United Rentals, Inc. has a 1-year low of $596.48 and a 1-year high of $896.98. The business has a fifty day moving average of $745.64 and a 200 day moving average of $769.84. The company has a market capitalization of $47.99 billion, a PE ratio of 18.96, a P/E/G ratio of 1.54 and a beta of 1.68. 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 posted its quarterly earnings data 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%. As a group, equities analysts forecast that United Rentals, Inc. will post 44.93 EPS for the current year.

United Rentals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be paid a dividend of $1.79 per share. This is a boost from United Rentals's previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $7.16 annualized dividend and a yield of 0.97%. United Rentals's dividend payout ratio (DPR) is presently 16.83%.

About United Rentals

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.