3,700 Shares in United Rentals, Inc. (NYSE:URI) Acquired by U S Wealth Group LLC.

U S Wealth Group LLC. purchased a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,700 shares of the construction company's stock, valued at approximately $2,606,000. United Rentals accounts for about 2.0% of U S Wealth Group LLC.'s portfolio, making the stock its 17th biggest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rialto Wealth Management LLC acquired a new stake in United Rentals during the fourth quarter worth about $25,000. ORG Wealth Partners LLC bought a new stake in shares of United Rentals during the 4th quarter worth approximately $26,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of United Rentals during the 4th quarter worth approximately $27,000. Meeder Asset Management Inc. increased its stake in United Rentals by 241.7% in the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock valued at $29,000 after acquiring an additional 29 shares during the last quarter. Finally, Hanson & Doremus Investment Management bought a new position in United Rentals in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Trading Up 0.3 %

NYSE:URI traded up $1.63 during trading hours on Friday, hitting $581.57. 769,125 shares of the company were exchanged, compared to its average volume of 589,214. The company has a fifty day simple moving average of $644.29 and a 200 day simple moving average of $740.61. United Rentals, Inc. has a one year low of $525.91 and a one year high of $896.98. The stock has a market capitalization of $38.00 billion, a price-to-earnings ratio of 15.01, a price-to-earnings-growth ratio of 1.43 and a beta of 1.72. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42.

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United Rentals (NYSE:URI - Get Free Report) last posted 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%. Sell-side analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Wednesday, February 12th. This is an increase from United Rentals's previous quarterly dividend of $1.63. United Rentals's dividend payout ratio (DPR) is currently 18.48%.

Wall Street Analyst Weigh In

URI has been the topic of a number of research analyst reports. Citigroup reduced their target price on United Rentals from $720.00 to $650.00 and set a "buy" rating on the stock in a report on Tuesday. Robert W. Baird upgraded United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 target price on the stock in a research report on Tuesday, January 14th. Morgan Stanley lowered their target price on United Rentals from $775.00 to $765.00 and set an "equal weight" rating for the company in a research note on Monday, February 3rd. Baird R W upgraded shares of United Rentals from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 14th. Finally, UBS Group cut shares of United Rentals from a "buy" rating to a "sell" rating and lowered their price objective for the stock from $910.00 to $485.00 in a research report on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $752.14.

Insiders Place Their Bets

In other news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction on Monday, February 24th. The shares were sold at an average price of $638.10, for a total value of $701,910.00. Following the completion of the sale, the chief financial officer now owns 6,880 shares in the company, valued at $4,390,128. The trade was a 13.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.51% 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.