Wellington Management Group LLP Has $4.28 Million Stock Position in United Rentals, Inc. (NYSE:URI)

Wellington Management Group LLP lessened its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 51.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,283 shares of the construction company's stock after selling 5,656 shares during the period. Wellington Management Group LLP's holdings in United Rentals were worth $4,278,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. FMR LLC grew its position in shares of United Rentals by 3.7% during the 3rd quarter. FMR LLC now owns 2,416,568 shares of the construction company's stock valued at $1,956,768,000 after buying an additional 85,325 shares during the last quarter. International Assets Investment Management LLC boosted its stake in United Rentals by 82,462.2% in the third 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 acquiring an additional 1,604,715 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of United Rentals by 10.5% during the third quarter. The Manufacturers Life Insurance Company now owns 704,145 shares of the construction company's stock valued at $570,167,000 after purchasing an additional 66,957 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of United Rentals by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 438,427 shares of the construction company's stock worth $355,007,000 after purchasing an additional 5,325 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in shares of United Rentals by 5.7% in the 2nd quarter. Hsbc Holdings PLC now owns 382,536 shares of the construction company's stock worth $247,001,000 after purchasing an additional 20,481 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Price Performance

NYSE URI traded down $34.24 on Wednesday, reaching $724.15. 584,393 shares of the stock traded hands, compared to its average volume of 544,625. United Rentals, Inc. has a 12 month low of $533.70 and a 12 month high of $896.98. The company has a market cap of $47.52 billion, a price-to-earnings ratio of 18.91, a P/E/G ratio of 1.83 and a beta of 1.66. The firm's fifty day simple moving average is $830.91 and its 200 day simple moving average is $750.14. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38.

United Rentals (NYSE:URI - Get Free Report) last announced 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). The firm 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 company's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $11.73 EPS. As a group, research analysts predict that United Rentals, Inc. will post 43.46 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a $1.63 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.90%. United Rentals's payout ratio is currently 17.03%.

Insider Activity at United Rentals

In related news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction on Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the transaction, the senior vice president now directly owns 2,044 shares in the company, valued at $1,682,702.56. The trade was a 30.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.49% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on URI shares. Bank of America upped their price objective on United Rentals from $800.00 to $910.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Argus upped their price target on shares of United Rentals from $840.00 to $880.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Robert W. Baird lifted their price objective on shares of United Rentals from $565.00 to $650.00 and gave the company an "underperform" rating in a research report on Thursday, October 3rd. Barclays boosted 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. Finally, Citigroup raised their price target on shares of United Rentals from $955.00 to $985.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $770.00.

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.