Picton Mahoney Asset Management Has $13.67 Million Stock Holdings in United Rentals, Inc. (NYSE:URI)

Picton Mahoney Asset Management lessened its position in United Rentals, Inc. (NYSE:URI - Free Report) by 27.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,411 shares of the construction company's stock after selling 7,504 shares during the period. Picton Mahoney Asset Management's holdings in United Rentals were worth $13,674,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Rialto Wealth Management LLC acquired a new position in United Rentals during the 4th quarter valued at about $25,000. ORG Wealth Partners LLC acquired a new position in United Rentals during the 4th quarter valued at about $26,000. Hanson & Doremus Investment Management acquired a new position in United Rentals during the 4th quarter valued at about $33,000. Kestra Investment Management LLC acquired a new position in United Rentals during the 4th quarter valued at about $34,000. Finally, OFI Invest Asset Management acquired a new position in United Rentals during the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Trading Up 3.0 %

Shares of URI traded up $18.36 during midday trading on Wednesday, hitting $627.42. The stock had a trading volume of 524,510 shares, compared to its average volume of 548,409. United Rentals, Inc. has a fifty-two week low of $585.27 and a fifty-two week high of $896.98. The business has a 50-day simple moving average of $698.93 and a two-hundred day simple moving average of $758.97. The firm has a market cap of $40.97 billion, a P/E ratio of 16.19, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76. 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 announced its earnings results on Wednesday, January 29th. The construction company reported $11.59 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 analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 1.14%. This is a boost from United Rentals's previous quarterly dividend of $1.63. The ex-dividend date was Wednesday, February 12th. United Rentals's dividend payout ratio (DPR) is presently 18.48%.

Wall Street Analysts Forecast Growth

Several research firms have commented on URI. Morgan Stanley lowered their target price on shares of United Rentals from $775.00 to $765.00 and set an "equal weight" rating on the stock in a research note on Monday, February 3rd. Evercore ISI lowered their target price on shares of United Rentals from $1,004.00 to $974.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. Argus raised 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. Robert W. Baird raised shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price objective on the stock in a research note on Tuesday, January 14th. Finally, Baird R W raised shares of United Rentals from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, United Rentals has an average rating of "Moderate Buy" and a consensus target price of $829.00.

Insiders Place Their Bets

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 shares were sold at an average price of $638.10, for a total transaction of $701,910.00. Following the completion of the sale, the chief financial officer now directly owns 6,880 shares in the company, valued at approximately $4,390,128. This trade represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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.