Quilter Plc Has $76.40 Million Stake in United Rentals, Inc. (NYSE:URI)

Quilter Plc lessened its position in United Rentals, Inc. (NYSE:URI - Free Report) by 3.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 108,453 shares of the construction company's stock after selling 4,311 shares during the quarter. United Rentals comprises about 1.5% of Quilter Plc's investment portfolio, making the stock its 23rd biggest position. Quilter Plc owned about 0.17% of United Rentals worth $76,399,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of URI. ORG Wealth Partners LLC bought a new position in shares of United Rentals during the 4th quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of United Rentals during the 3rd quarter worth about $31,000. Hanson & Doremus Investment Management bought a new position in shares of United Rentals during the 4th quarter worth about $33,000. Carmichael Hill & Associates Inc. increased its holdings in shares of United Rentals by 80.0% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company's stock worth $36,000 after purchasing an additional 20 shares during the period. Finally, HM Payson & Co. bought a new position in shares of United Rentals during the 3rd quarter worth about $41,000. Institutional investors own 96.26% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on URI shares. Robert W. Baird upgraded 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. Morgan Stanley dropped 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 report on Monday, February 3rd. Citigroup dropped their price objective on shares of United Rentals from $985.00 to $835.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Argus upped their target price 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, Barclays upped their target price 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $814.08.

United Rentals Price Performance

NYSE:URI traded down $4.90 on Thursday, reaching $729.59. The stock had a trading volume of 495,282 shares, compared to its average volume of 661,586. The company has a market capitalization of $47.65 billion, a P/E ratio of 18.83, a price-to-earnings-growth ratio of 1.54 and a beta of 1.68. United Rentals, Inc. has a 1-year low of $596.48 and a 1-year high of $896.98. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The stock has a fifty day moving average price of $743.13 and a 200-day moving average price of $769.56.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly 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 forecast that United Rentals, Inc. will post 44.93 EPS for the current year.

United Rentals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be given a $1.79 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This is a positive change from United Rentals's previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a yield of 0.98%. United Rentals's payout ratio is 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.