Bridges Investment Management Inc. Has $21.98 Million Position in United Rentals, Inc. (NYSE:URI)

Bridges Investment Management Inc. raised its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 8.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,145 shares of the construction company's stock after buying an additional 2,065 shares during the quarter. Bridges Investment Management Inc.'s holdings in United Rentals were worth $21,980,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Crewe Advisors LLC bought a new stake in United Rentals in the first quarter valued at about $27,000. RFP Financial Group LLC raised its holdings in shares of 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 buying an additional 22 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of United Rentals in the 3rd quarter worth approximately $31,000. Carmichael Hill & Associates Inc. lifted its position in shares of United Rentals by 80.0% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company's stock worth $36,000 after buying an additional 20 shares during the period. Finally, HHM Wealth Advisors LLC boosted its stake in shares of United Rentals by 280.0% in the 2nd quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company's stock valued at $37,000 after purchasing an additional 42 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Trading Up 1.5 %

NYSE:URI traded up $12.58 during mid-day trading on Friday, hitting $875.01. The company had a trading volume of 468,375 shares, compared to its average volume of 548,398. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82. United Rentals, Inc. has a fifty-two week low of $435.80 and a fifty-two week high of $888.62. The firm has a market cap of $57.42 billion, a P/E ratio of 22.85, a P/E/G ratio of 2.06 and a beta of 1.68. The business's fifty day moving average is $791.80 and its two-hundred day moving average is $719.75.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing the consensus estimate of $12.49 by ($0.69). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The firm had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the previous year, the business earned $11.73 EPS. The firm's revenue was up 6.0% compared to the same quarter last year. As a group, research analysts expect that United Rentals, Inc. will post 43.66 earnings per share for the current year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 0.75%. The ex-dividend date is Wednesday, November 13th. United Rentals's payout ratio is presently 17.03%.

Insiders Place Their Bets

In other news, SVP Anthony S. Leopold sold 900 shares of the firm's stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the sale, the senior vice president now owns 2,044 shares of the company's stock, valued at $1,682,702.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.53% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Barclays lifted their target price on shares of United Rentals from $400.00 to $565.00 and gave the company an "underweight" rating in a research note on Friday, October 25th. Citigroup raised their target price on United Rentals from $930.00 to $955.00 and gave the company a "buy" rating in a research note on Friday, October 25th. JPMorgan Chase & Co. increased their price objective on shares of United Rentals from $780.00 to $940.00 and gave the stock an "overweight" rating in a report on Monday, September 23rd. The Goldman Sachs Group boosted their target price on shares of United Rentals from $790.00 to $905.00 and gave the stock a "buy" rating in a research note on Friday, July 26th. Finally, Robert W. Baird raised their price target on shares of United Rentals from $565.00 to $650.00 and gave the company an "underperform" rating in a report on Thursday, October 3rd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $742.50.

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.