Oak Thistle LLC Takes Position in United Rentals, Inc. (NYSE:URI)

by · The Markets Daily

Oak Thistle LLC acquired a new position in shares of United Rentals, Inc. (NYSE:URI – Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 577 shares of the construction company’s stock, valued at approximately $406,000.

Other institutional investors have also recently bought and sold shares of the company. ORG Wealth Partners LLC acquired a new position in United Rentals in the 4th quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in United Rentals in the third quarter worth approximately $31,000. Carmichael Hill & Associates Inc. raised its position in United Rentals by 80.0% during the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock valued at $36,000 after acquiring an additional 20 shares in the last quarter. HM Payson & Co. acquired a new stake in United Rentals in the third quarter valued at approximately $41,000. Finally, Trust Co. of Vermont grew its position in United Rentals by 6,000.0% in the third quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock worth $49,000 after acquiring an additional 60 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analysts Set New Price Targets

URI has been the topic of a number of recent research reports. Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. boosted their price target on United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Bank of America increased their price objective on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Robert W. Baird upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price for the company in a report on Tuesday. 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 report on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $805.08.

Check Out Our Latest Analysis on United Rentals

Insider Activity

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction 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 sale, the senior vice president now owns 2,044 shares in the company, valued at $1,682,702.56. The trade was a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.49% of the stock is currently owned by company insiders.

United Rentals Price Performance

NYSE:URI opened at $758.03 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. United Rentals, Inc. has a one year low of $545.16 and a one year high of $896.98. The company has a fifty day moving average price of $782.94 and a 200 day moving average price of $759.89. The stock has a market cap of $49.74 billion, a P/E ratio of 19.80, a PEG ratio of 1.46 and a beta of 1.69.

United Rentals (NYSE:URI – Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period in the prior year, the company posted $11.73 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. Analysts anticipate that United Rentals, Inc. will post 43.46 earnings per share for the current year.

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend was Wednesday, November 13th. United Rentals’s payout ratio is presently 17.03%.

United Rentals Company Profile

(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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