United Rentals, Inc. (NYSE:URI) Position Boosted by Brookstone Capital Management

Brookstone Capital Management lifted its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 580.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,749 shares of the construction company's stock after buying an additional 1,492 shares during the period. Brookstone Capital Management's holdings in United Rentals were worth $1,232,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of URI. International Assets Investment Management LLC grew its holdings in United Rentals by 82,462.2% during the 3rd quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company's stock valued at $1,300,962,000 after purchasing an additional 1,604,715 shares in the last quarter. Marshall Wace LLP grew its stake in shares of United Rentals by 259.3% during the second quarter. Marshall Wace LLP now owns 150,152 shares of the construction company's stock valued at $97,108,000 after acquiring an additional 108,360 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of United Rentals by 15.4% during the third quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company's stock valued at $637,968,000 after acquiring an additional 105,287 shares in the last quarter. FMR LLC increased its position in shares of United Rentals by 3.7% during the third quarter. FMR LLC now owns 2,416,568 shares of the construction company's stock worth $1,956,768,000 after acquiring an additional 85,325 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of United Rentals by 10.5% in the third quarter. The Manufacturers Life Insurance Company now owns 704,145 shares of the construction company's stock worth $570,167,000 after acquiring an additional 66,957 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company's stock.

United Rentals Stock Performance

Shares of NYSE URI traded up $13.39 during midday trading on Friday, hitting $770.81. The company's stock had a trading volume of 897,099 shares, compared to its average volume of 761,509. 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 1-year low of $553.22 and a 1-year high of $896.98. The firm's fifty day moving average price is $778.79 and its 200-day moving average price is $760.78. The firm has a market cap of $50.58 billion, a P/E ratio of 20.13, a P/E/G ratio of 1.46 and a beta of 1.69.

United Rentals (NYSE:URI - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing analysts' consensus estimates of $12.49 by ($0.69). The company had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The business's revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $11.73 earnings per share. On average, sell-side analysts forecast that United Rentals, Inc. will post 43.46 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a yield of 0.85%. United Rentals's payout ratio is currently 17.03%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on URI shares. Citigroup lowered their price objective on United Rentals from $985.00 to $835.00 and set a "buy" rating for the company in a research note on Tuesday. JPMorgan Chase & Co. raised their price target on shares of United Rentals from $780.00 to $940.00 and gave the stock an "overweight" rating in a research report on Monday, September 23rd. Barclays upped their price target on shares of United Rentals from $400.00 to $565.00 and gave the company an "underweight" rating in a report on Friday, October 25th. Argus increased their price objective 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. Finally, Bank of America boosted their target price on shares of United Rentals from $800.00 to $910.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $805.08.

Insiders Place Their Bets

In other news, SVP Anthony S. Leopold sold 900 shares of the company's stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $823.24, for a total transaction of $740,916.00. Following the completion of the transaction, the senior vice president now owns 2,044 shares in the company, valued at approximately $1,682,702.56. This represents a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.53% of the stock is owned by corporate insiders.

United Rentals Company 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.