Great Point Wealth Advisors LLC Lowers Stake in United Rentals, Inc. (NYSE:URI)

Great Point Wealth Advisors LLC cut its position in United Rentals, Inc. (NYSE:URI) by 29.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,748 shares of the construction company’s stock after selling 720 shares during the period. Great Point Wealth Advisors LLC’s holdings in United Rentals were worth $1,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Clearbridge Investments LLC lifted its holdings in United Rentals by 11.8% in the 2nd quarter. Clearbridge Investments LLC now owns 9,217 shares of the construction company’s stock worth $5,961,000 after purchasing an additional 976 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of United Rentals in the second quarter worth $4,943,000. Centaurus Financial Inc. boosted its position in shares of United Rentals by 14.3% during the second quarter. Centaurus Financial Inc. now owns 889 shares of the construction company’s stock worth $575,000 after acquiring an additional 111 shares during the last quarter. Czech National Bank grew its stake in United Rentals by 6.9% during the third quarter. Czech National Bank now owns 13,565 shares of the construction company’s stock valued at $10,984,000 after acquiring an additional 875 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its stake in United Rentals by 1.2% during the third quarter. Handelsbanken Fonder AB now owns 13,197 shares of the construction company’s stock valued at $10,686,000 after acquiring an additional 151 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors.

United Rentals Stock Down 2.2 %

NYSE URI opened at $756.78 on Friday. 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, Inc. has a 52 week low of $596.48 and a 52 week high of $896.98. The firm has a market capitalization of $49.66 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 1.68 and a beta of 1.69. The company has a fifty day moving average of $764.73 and a two-hundred day moving average of $769.27.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing analysts’ consensus estimates of $11.65 by ($0.06). United Rentals had a return on equity of 34.51% and a net margin of 16.78%. On average, analysts predict that United Rentals, Inc. will post 46.06 earnings per share for the current year.

United Rentals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be issued a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 0.95%. This is an increase 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 presently 16.83%.

Analyst Ratings Changes

URI has been the subject of several research reports. Bank of America increased their price objective on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Citigroup dropped their price target on United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Barclays raised their price target on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a report on Friday, October 25th. JPMorgan Chase & Co. upped their price objective on United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Robert W. Baird raised shares of 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, January 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $818.55.

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.