Whittier Trust Co. Has $43.99 Million Position in United Rentals, Inc. (NYSE:URI)

Whittier Trust Co. boosted its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 1.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 54,328 shares of the construction company's stock after acquiring an additional 980 shares during the period. Whittier Trust Co. owned 0.08% of United Rentals worth $43,990,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its stake in United Rentals by 4.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 637,188 shares of the construction company's stock worth $412,089,000 after acquiring an additional 27,708 shares during the last quarter. Capital International Investors bought a new position in shares of United Rentals during the first quarter worth $332,349,000. AMF Tjanstepension AB grew its holdings in shares of United Rentals by 77.7% in the 2nd quarter. AMF Tjanstepension AB now owns 457,056 shares of the construction company's stock valued at $295,626,000 after buying an additional 199,810 shares during the period. Hsbc Holdings PLC increased its position in shares of United Rentals by 5.7% in the 2nd quarter. Hsbc Holdings PLC now owns 382,536 shares of the construction company's stock valued at $247,001,000 after buying an additional 20,481 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in United Rentals by 4.4% during the 2nd quarter. Thrivent Financial for Lutherans now owns 334,179 shares of the construction company's stock worth $216,123,000 after buying an additional 13,970 shares during the period. Institutional investors own 96.26% of the company's stock.

Insider Activity

In other news, SVP Joli L. Gross sold 360 shares of the company's stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $690.00, for a total value of $248,400.00. Following the sale, the senior vice president now directly owns 4,090 shares of the company's stock, valued at approximately $2,822,100. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.53% of the company's stock.

United Rentals Stock Down 0.8 %

Shares of NYSE URI traded down $6.44 during mid-day trading on Monday, hitting $832.83. The company had a trading volume of 323,155 shares, compared to its average volume of 540,126. United Rentals, Inc. has a one year low of $387.01 and a one year high of $861.74. The company has a market capitalization of $55.46 billion, a PE ratio of 22.56, a price-to-earnings-growth ratio of 1.94 and a beta of 1.68. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39. The firm has a 50-day simple moving average of $760.25 and a two-hundred day simple moving average of $703.73.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share for the quarter, beating analysts' consensus estimates of $10.48 by $0.22. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same period last year, the company earned $9.88 earnings per share. The business's revenue was up 6.2% compared to the same quarter last year. On average, equities analysts expect that United Rentals, Inc. will post 44.38 EPS for the current year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Wednesday, August 14th. United Rentals's dividend payout ratio is currently 17.66%.

Analysts Set New Price Targets

URI has been the subject of a number of research analyst reports. The Goldman Sachs Group boosted their target price on United Rentals from $790.00 to $905.00 and gave the company a "buy" rating in a research note on Friday, July 26th. Robert W. Baird boosted their price objective on United Rentals from $565.00 to $650.00 and gave the company an "underperform" rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. raised their target price on shares of United Rentals from $780.00 to $940.00 and gave the stock an "overweight" rating in a report on Monday, September 23rd. Citigroup upped their price target on shares of United Rentals from $860.00 to $930.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Finally, Raymond James started coverage on shares of United Rentals in a report on Friday, June 28th. They set an "outperform" rating and a $750.00 price objective on the stock. Three analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, United Rentals currently has an average rating of "Hold" and an average target price of $714.92.

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.