Rockefeller Capital Management L.P. Has $51.76 Million Stock Holdings in United Rentals, Inc. (NYSE:URI)

Rockefeller Capital Management L.P. lowered its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 73,472 shares of the construction company's stock after selling 970 shares during the quarter. Rockefeller Capital Management L.P. owned 0.11% of United Rentals worth $51,758,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in URI. Adell Harriman & Carpenter Inc. lifted its holdings in United Rentals by 1.8% during the fourth quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company's stock worth $573,000 after buying an additional 14 shares during the period. Valmark Advisers Inc. lifted its position in United Rentals by 1.8% during the fourth quarter. Valmark Advisers Inc. now owns 788 shares of the construction company's stock valued at $555,000 after purchasing an additional 14 shares during the period. Erste Asset Management GmbH grew its position in United Rentals by 0.5% during the fourth quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company's stock valued at $2,002,000 after buying an additional 14 shares during the period. Klingman & Associates LLC increased its position in shares of 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 buying an additional 15 shares in the last quarter. Finally, Moody National Bank Trust Division lifted its stake in United Rentals by 4.5% in the 4th quarter. Moody National Bank Trust Division now owns 368 shares of the construction company's stock valued at $259,000 after buying an additional 16 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company's stock.

United Rentals Trading Up 1.0 %

NYSE URI traded up $5.57 on Friday, hitting $590.80. 367,847 shares of the stock were exchanged, compared to its average volume of 588,088. The company's 50-day moving average price is $632.19 and its two-hundred day moving average price is $735.11. The company has a market capitalization of $38.60 billion, a price-to-earnings ratio of 15.25, a P/E/G ratio of 1.43 and a beta of 1.72. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last released 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 return on equity of 34.21% and a net margin of 16.78%. Research analysts predict that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

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

Insider Buying and Selling at United Rentals

In related news, CFO William E. Grace sold 1,100 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the completion of the transaction, the chief financial officer now owns 6,880 shares in the company, valued at $4,390,128. This trade represents a 13.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.53% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on URI. Evercore ISI reduced their price target on shares of United Rentals from $1,004.00 to $974.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Baird R W raised United Rentals from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 14th. Citigroup lowered their target price on United Rentals from $720.00 to $650.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Robert W. Baird raised 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, UBS Group cut shares of United Rentals from a "buy" rating to a "sell" rating and dropped their target price for the company from $910.00 to $485.00 in a report on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, United Rentals presently has an average rating of "Moderate Buy" and a consensus target price of $729.79.

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.