UniSuper Management Pty Ltd Boosts Stock Position in United Rentals, Inc. (NYSE:URI)

UniSuper Management Pty Ltd boosted its position in United Rentals, Inc. (NYSE:URI - Free Report) by 23.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,235 shares of the construction company's stock after purchasing an additional 996 shares during the period. UniSuper Management Pty Ltd's holdings in United Rentals were worth $3,688,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in URI. Adell Harriman & Carpenter Inc. boosted its holdings in United Rentals by 1.8% in the 4th 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. grew its holdings in United Rentals by 1.8% during the 4th quarter. Valmark Advisers Inc. now owns 788 shares of the construction company's stock valued at $555,000 after buying an additional 14 shares in the last quarter. Erste Asset Management GmbH boosted its position in shares of United Rentals by 0.5% during the 4th quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company's stock valued at $2,002,000 after acquiring an additional 14 shares during the last quarter. Klingman & Associates LLC raised its position in United Rentals by 2.3% in the 4th quarter. Klingman & Associates LLC now owns 669 shares of the construction company's stock worth $471,000 after purchasing an additional 15 shares during the period. Finally, Moody National Bank Trust Division lifted its stake in United Rentals by 4.5% in the fourth quarter. Moody National Bank Trust Division now owns 368 shares of the construction company's stock worth $259,000 after purchasing an additional 16 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors.

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United Rentals Price Performance

NYSE:URI traded up $8.57 during trading hours on Wednesday, hitting $640.56. 177,022 shares of the stock were exchanged, compared to its average volume of 566,959. The company has a market cap of $41.85 billion, a P/E ratio of 16.53, a P/E/G ratio of 1.43 and a beta of 1.76. The firm's fifty day moving average price is $680.92 and its 200 day moving average price is $753.98. United Rentals, Inc. has a 52-week low of $585.27 and a 52-week high of $896.98. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42.

United Rentals (NYSE:URI - Get Free Report) last announced its earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. As a group, equities research analysts anticipate 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 is a positive change 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 1.12%. United Rentals's dividend payout ratio is presently 18.48%.

Insider Activity at United Rentals

In other news, CFO William E. Grace sold 1,100 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $638.10, for a total transaction of $701,910.00. Following the sale, the chief financial officer now owns 6,880 shares of the company's stock, valued at approximately $4,390,128. This represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.53% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on URI. Robert W. Baird upgraded United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price target on the stock in a report on Tuesday, January 14th. Citigroup decreased their price objective on shares of United Rentals from $985.00 to $835.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Sanford C. Bernstein upgraded United Rentals from an "underperform" rating to a "market perform" rating and lowered their price target for the company from $705.00 to $666.00 in a report on Tuesday, March 25th. Morgan Stanley dropped their target price on United Rentals from $775.00 to $765.00 and set an "equal weight" rating on the stock in a research report on Monday, February 3rd. Finally, Baird R W raised United Rentals from a "strong sell" rating to a "hold" rating in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, United Rentals has a consensus rating of "Moderate Buy" and a consensus target price of $804.15.

United Rentals Profile

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.