Nemes Rush Group LLC Raises Stake in United Rentals, Inc. (NYSE:URI)

Nemes Rush Group LLC increased its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 2,848.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 737 shares of the construction company's stock after purchasing an additional 712 shares during the quarter. Nemes Rush Group LLC's holdings in United Rentals were worth $519,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in URI. Geode Capital Management LLC lifted its stake in shares of United Rentals by 0.6% in the third quarter. Geode Capital Management LLC now owns 1,566,802 shares of the construction company's stock worth $1,264,326,000 after buying an additional 9,256 shares in the last quarter. Alliancebernstein L.P. raised its holdings in United Rentals by 16.0% in the 4th quarter. Alliancebernstein L.P. now owns 1,250,324 shares of the construction company's stock valued at $880,778,000 after acquiring an additional 172,340 shares during the last quarter. Franklin Resources Inc. lifted its stake in United Rentals by 9.8% in the 4th quarter. Franklin Resources Inc. now owns 1,093,350 shares of the construction company's stock worth $770,199,000 after purchasing an additional 97,336 shares in the last quarter. Norges Bank acquired a new position in shares of United Rentals during the 4th quarter worth approximately $695,716,000. Finally, JPMorgan Chase & Co. grew its position in shares of United Rentals by 15.4% in the third quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company's stock valued at $637,968,000 after purchasing an additional 105,287 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

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United Rentals Trading Down 8.5 %

Shares of NYSE URI traded down $54.90 during trading on Thursday, reaching $591.27. The stock had a trading volume of 760,606 shares, compared to its average volume of 569,303. The business's 50-day moving average price is $674.26 and its 200-day moving average price is $752.11. United Rentals, Inc. has a fifty-two week low of $585.27 and a fifty-two week high of $896.98. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. The company has a market cap of $38.63 billion, a P/E ratio of 15.26, a PEG ratio of 1.43 and a beta of 1.76.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share (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%. On average, equities research analysts predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Wednesday, February 12th. This is a boost from United Rentals's previous quarterly dividend of $1.63. United Rentals's dividend payout ratio (DPR) is currently 18.48%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Citigroup reduced their price objective on United Rentals from $985.00 to $835.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. boosted their price target on shares of United Rentals from $940.00 to $1,000.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Robert W. Baird upgraded shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price objective for the company in a research report on Tuesday, January 14th. Morgan Stanley decreased 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 report on Monday, February 3rd. Finally, Bank of America cut their price target on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a report on Friday, March 21st. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $804.15.

Insiders Place Their Bets

In related news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction on Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the completion of the transaction, 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 is accessible through this hyperlink. Insiders own 0.53% of the company's stock.

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.