Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Invests $5.78 Million in United Rentals, Inc. (NYSE:URI)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,004 shares of the construction company's stock, valued at approximately $5,778,000.

Several other large investors also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC grew 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 during the period. The Manufacturers Life Insurance Company increased its holdings in shares of 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 buying an additional 27,708 shares during the last quarter. Capital International Investors purchased a new stake in shares of United Rentals during the 1st quarter valued at approximately $332,349,000. AMF Tjanstepension AB lifted its holdings in United Rentals by 77.7% in the second quarter. AMF Tjanstepension AB now owns 457,056 shares of the construction company's stock valued at $295,626,000 after acquiring an additional 199,810 shares during the last quarter. Finally, Hsbc Holdings PLC grew its position in United Rentals by 5.7% in the second quarter. Hsbc Holdings PLC now owns 382,536 shares of the construction company's stock worth $247,001,000 after acquiring an additional 20,481 shares during the period. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Stock Up 0.0 %

Shares of URI stock traded up $0.15 on Wednesday, reaching $812.59. 328,992 shares of the stock were exchanged, compared to its average volume of 541,522. The company has a market capitalization of $53.32 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 1.87 and a beta of 1.68. The business's 50 day moving average price is $776.69 and its 200 day moving average price is $710.38. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. United Rentals, Inc. has a twelve month low of $395.44 and a twelve month high of $861.74.

United Rentals (NYSE:URI - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing the consensus estimate of $12.49 by ($0.69). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The business had revenue of $3.99 billion for the quarter, compared to analysts' expectations of $4.01 billion. During the same quarter in the previous year, the firm earned $11.73 EPS. United Rentals's revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, sell-side analysts expect that United Rentals, Inc. will post 44.31 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Wednesday, November 13th. United Rentals's payout ratio is currently 17.03%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on URI shares. Barclays upped their price target on United Rentals from $400.00 to $565.00 and gave the company an "underweight" rating in a research note on Friday, October 25th. Citigroup increased their target price on shares of United Rentals from $930.00 to $955.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Robert W. Baird upped their price objective on shares of United Rentals from $565.00 to $650.00 and gave the stock an "underperform" rating in a report on Thursday, October 3rd. Bank of America lifted their target price on shares of United Rentals from $800.00 to $910.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. upped their price target on United Rentals from $780.00 to $940.00 and gave the stock an "overweight" rating in a research note on Monday, September 23rd. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $742.50.

Insider Activity at United Rentals

In other United Rentals news, SVP Joli L. Gross sold 360 shares of the business's stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $690.00, for a total value of $248,400.00. Following the completion of the sale, the senior vice president now owns 4,090 shares in the company, valued at approximately $2,822,100. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the completion of the sale, the senior vice president now directly owns 2,044 shares of the company's stock, valued at approximately $1,682,702.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Joli L. Gross sold 360 shares of the company's stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $690.00, for a total value of $248,400.00. Following the sale, the senior vice president now owns 4,090 shares of the company's stock, valued at $2,822,100. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.49% of the company's stock.

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.