Harvest Fund Management Co. Ltd Has $655,000 Stock Holdings in United Rentals, Inc. (NYSE:URI)

Harvest Fund Management Co. Ltd boosted its position in United Rentals, Inc. (NYSE:URI - Free Report) by 1,486.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 809 shares of the construction company's stock after purchasing an additional 758 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in United Rentals were worth $655,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in URI. Mayflower Financial Advisors LLC lifted its position in shares of United Rentals by 4.0% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company's stock valued at $274,000 after acquiring an additional 13 shares during the period. Allen Capital Group LLC lifted its position in shares of United Rentals by 4.2% during the 3rd quarter. Allen Capital Group LLC now owns 324 shares of the construction company's stock valued at $262,000 after acquiring an additional 13 shares during the period. First County Bank CT lifted its position in shares of United Rentals by 3.2% during the 3rd quarter. First County Bank CT now owns 422 shares of the construction company's stock valued at $342,000 after acquiring an additional 13 shares during the period. Duncker Streett & Co. Inc. lifted its position in shares of United Rentals by 0.3% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 5,352 shares of the construction company's stock valued at $3,461,000 after acquiring an additional 14 shares during the period. Finally, Ameritas Advisory Services LLC lifted its position in shares of United Rentals by 3.8% during the 2nd quarter. Ameritas Advisory Services LLC now owns 378 shares of the construction company's stock valued at $244,000 after acquiring an additional 14 shares during the period. 96.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Argus upped their target price on United Rentals from $840.00 to $880.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Bank of America upped their target price on United Rentals from $800.00 to $910.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Evercore ISI upped their target price on United Rentals from $774.00 to $795.00 and gave the company an "outperform" rating in a research report on Monday, August 19th. Citigroup boosted their price target on United Rentals from $930.00 to $955.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Finally, Robert W. Baird boosted their price target on United Rentals from $565.00 to $650.00 and gave the stock an "underperform" rating in a report on Thursday, October 3rd. Three research analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $751.67.

United Rentals Price Performance

URI traded up $8.78 on Tuesday, reaching $873.17. The stock had a trading volume of 368,648 shares, compared to its average volume of 547,490. United Rentals, Inc. has a fifty-two week low of $454.71 and a fifty-two week high of $896.98. The firm has a 50-day moving average of $821.86 and a 200-day moving average of $733.58. 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 company has a market capitalization of $57.30 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 1.99 and a beta of 1.68.

United Rentals (NYSE:URI - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $4.01 billion. During the same period in the previous year, the company earned $11.73 EPS. United Rentals's revenue for the quarter was up 6.0% on a year-over-year basis. As a group, sell-side analysts anticipate that United Rentals, Inc. will post 43.46 EPS for the current year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a $1.63 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a yield of 0.75%. 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 stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the completion of the sale, the senior vice president now owns 2,044 shares of the company's stock, valued at approximately $1,682,702.56. This represents a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.49% 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.