Wilmington Savings Fund Society FSB Makes New $2.15 Million Investment in United Rentals, Inc. (NYSE:URI)

Wilmington Savings Fund Society FSB acquired a new stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,652 shares of the construction company's stock, valued at approximately $2,147,000.

Several other large investors have also recently modified their holdings of URI. Sanctuary Advisors LLC increased its stake in shares of United Rentals by 219.0% in the third quarter. Sanctuary Advisors LLC now owns 22,824 shares of the construction company's stock worth $19,385,000 after buying an additional 15,669 shares during the period. Unigestion Holding SA bought a new stake in United Rentals in the 3rd quarter worth $566,000. Rehmann Capital Advisory Group increased its position in shares of United Rentals by 21.4% in the third quarter. Rehmann Capital Advisory Group now owns 419 shares of the construction company's stock valued at $340,000 after acquiring an additional 74 shares during the period. TD Private Client Wealth LLC raised its stake in shares of United Rentals by 29.1% during the third quarter. TD Private Client Wealth LLC now owns 1,733 shares of the construction company's stock valued at $1,403,000 after acquiring an additional 391 shares during the last quarter. Finally, Toronto Dominion Bank increased its holdings in United Rentals by 14.9% during the 3rd quarter. Toronto Dominion Bank now owns 22,324 shares of the construction company's stock valued at $18,076,000 after purchasing an additional 2,890 shares during the period. Hedge funds and other institutional investors own 96.26% of the company's stock.

Insider Activity at United Rentals

In related news, SVP Anthony S. Leopold sold 900 shares of the business's stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 2,044 shares in the company, valued at approximately $1,682,702.56. The trade was a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.53% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

URI has been the topic of a number of recent analyst reports. Robert W. Baird lifted their price objective on United Rentals from $565.00 to $650.00 and gave the stock an "underperform" rating in a research report on Thursday, October 3rd. Argus lifted their price target on shares of United Rentals from $840.00 to $880.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. boosted their price objective on shares of United Rentals from $780.00 to $940.00 and gave the company an "overweight" rating in a research report on Monday, September 23rd. Bank of America lifted their price objective on United Rentals from $800.00 to $910.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Finally, Citigroup upped their target price on United Rentals from $955.00 to $985.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $770.00.

United Rentals Stock Down 1.0 %

NYSE:URI traded down $7.77 on Friday, reaching $778.82. 384,315 shares of the stock traded hands, compared to its average volume of 544,036. 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 $51.11 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 1.87 and a beta of 1.66. United Rentals, Inc. has a 12 month low of $533.70 and a 12 month high of $896.98. The company's fifty day simple moving average is $834.29 and its 200 day simple moving average is $747.66.

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 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 analysts' expectations of $4.01 billion. During the same quarter in the previous year, the firm earned $11.73 earnings per share. United Rentals's revenue was up 6.0% on a year-over-year basis. Equities analysts predict that United Rentals, Inc. will post 43.46 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a $1.63 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.84%. United Rentals's dividend payout ratio is presently 17.03%.

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.