Mcrae Capital Management Inc. decreased its position in United Rentals, Inc. (NYSE:URI - Free Report) by 8.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,382 shares of the construction company's stock after selling 2,761 shares during the quarter. United Rentals makes up approximately 3.9% of Mcrae Capital Management Inc.'s portfolio, making the stock its 8th largest holding. Mcrae Capital Management Inc.'s holdings in United Rentals were worth $19,994,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of the company. ORG Wealth Partners LLC acquired a new position in United Rentals during the 4th quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of United Rentals in the third quarter worth about $31,000. Hanson & Doremus Investment Management acquired a new position in shares of United Rentals during the 4th quarter worth about $33,000. Carmichael Hill & Associates Inc. boosted its stake in United Rentals by 80.0% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company's stock valued at $36,000 after purchasing an additional 20 shares during the period. Finally, HM Payson & Co. acquired a new stake in United Rentals in the 3rd quarter valued at approximately $41,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.
United Rentals Price Performance
Shares of United Rentals stock traded down $19.65 during midday trading on Tuesday, hitting $721.61. 899,843 shares of the company were exchanged, compared to its average volume of 661,346. The firm has a 50 day simple moving average of $737.38 and a 200-day simple moving average of $770.38. United Rentals, Inc. has a 52 week low of $596.48 and a 52 week high of $896.98. The firm has a market cap of $47.13 billion, a P/E ratio of 18.62, a PEG ratio of 1.54 and a beta of 1.68. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92.
United Rentals (NYSE:URI - Get Free Report) last issued 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 net margin of 16.78% and a return on equity of 34.21%. Research analysts forecast that United Rentals, Inc. will post 44.93 earnings per share for the current year.
United Rentals Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 0.99%. This is a boost from United Rentals's previous quarterly dividend of $1.63. The ex-dividend date is Wednesday, February 12th. United Rentals's dividend payout ratio is currently 16.83%.
Wall Street Analyst Weigh In
URI has been the subject of several research reports. Argus increased their price objective on United Rentals from $840.00 to $880.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Barclays increased 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. Robert W. Baird upgraded shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price objective on the stock in a report on Tuesday, January 14th. Bank of America increased their target price on shares of United Rentals from $800.00 to $910.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Finally, Citigroup lowered their price target on United Rentals from $985.00 to $835.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $814.08.
Check Out Our Latest Research Report on URI
United Rentals Profile
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Free Report)
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.
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