Toronto Dominion Bank Has $18.08 Million Stock Position in United Rentals, Inc. (NYSE:URI)

Toronto Dominion Bank grew its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 14.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,324 shares of the construction company's stock after acquiring an additional 2,890 shares during the period. Toronto Dominion Bank's holdings in United Rentals were worth $18,076,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. RFP Financial Group LLC raised its position in United Rentals by 115.8% in the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company's stock worth $27,000 after purchasing an additional 22 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of United Rentals in the 3rd quarter valued at $31,000. Carmichael Hill & Associates Inc. raised its position in shares of United Rentals by 80.0% during the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company's stock worth $36,000 after acquiring an additional 20 shares during the last quarter. HHM Wealth Advisors LLC lifted its stake in shares of United Rentals by 280.0% during the second quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company's stock valued at $37,000 after acquiring an additional 42 shares during the period. Finally, HM Payson & Co. bought a new position in United Rentals in the third quarter valued at about $41,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Down 1.0 %

Shares of NYSE URI traded down $7.86 during mid-day trading on Friday, reaching $778.73. 384,307 shares of the company's stock were exchanged, compared to its average volume of 544,036. United Rentals, Inc. has a twelve month low of $533.70 and a twelve month high of $896.98. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $51.10 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 1.87 and a beta of 1.66. The business has a fifty day simple moving average of $834.29 and a 200 day simple moving average of $747.66.

United Rentals (NYSE:URI - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing the consensus estimate of $12.49 by ($0.69). The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The business's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business posted $11.73 earnings per share. As a group, equities analysts expect that United Rentals, Inc. will post 43.46 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Wednesday, November 13th. United Rentals's payout ratio is presently 17.03%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Citigroup upped their target price on shares of United Rentals from $955.00 to $985.00 and gave the company a "buy" rating in a research report on Monday. Evercore ISI raised their price objective on shares of United Rentals from $774.00 to $795.00 and gave the company an "outperform" rating in a research note on Monday, August 19th. JPMorgan Chase & Co. upped their target price on shares of United Rentals from $780.00 to $940.00 and gave the company an "overweight" rating in a research report on Monday, September 23rd. Bank of America increased their price target on United Rentals from $800.00 to $910.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Finally, Argus lifted their price objective on United Rentals from $840.00 to $880.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $770.00.

Insiders Place Their Bets

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the company's 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 transaction, the senior vice president now owns 2,044 shares of the company's stock, valued at $1,682,702.56. This represents a 30.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.53% 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.