United Rentals, Inc. (NYSE:URI) Stake Decreased by Mcrae Capital Management Inc.

Mcrae Capital Management Inc. cut its stake in United Rentals, Inc. (NYSE:URI) by 8.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,382 shares of the construction company’s stock after selling 2,761 shares during the period. United Rentals comprises approximately 3.9% of Mcrae Capital Management Inc.’s portfolio, making the stock its 8th largest position. Mcrae Capital Management Inc.’s holdings in United Rentals were worth $19,994,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in URI. Mayflower Financial Advisors LLC raised its holdings in shares of United Rentals by 4.0% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock valued at $274,000 after buying an additional 13 shares in the last quarter. Allen Capital Group LLC lifted its holdings in shares of United Rentals by 4.2% in the 3rd quarter. Allen Capital Group LLC now owns 324 shares of the construction company’s stock worth $262,000 after acquiring an additional 13 shares during the last quarter. First County Bank CT boosted its stake in shares of United Rentals by 3.2% in the 3rd quarter. First County Bank CT now owns 422 shares of the construction company’s stock valued at $342,000 after purchasing an additional 13 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in shares of United Rentals by 3.2% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 453 shares of the construction company’s stock valued at $367,000 after purchasing an additional 14 shares during the last quarter. Finally, Resonant Capital Advisors LLC raised its position in United Rentals by 3.3% in the 3rd quarter. Resonant Capital Advisors LLC now owns 474 shares of the construction company’s stock worth $384,000 after purchasing an additional 15 shares during the period. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Down 0.7 %

Shares of NYSE URI opened at $729.59 on Friday. The firm has a fifty day simple moving average of $743.13 and a two-hundred day simple moving average of $769.56. United Rentals, Inc. has a 12 month low of $596.48 and a 12 month high of $896.98. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $47.65 billion, a PE ratio of 18.83, a price-to-earnings-growth ratio of 1.54 and a beta of 1.68.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. Equities analysts expect that United Rentals, Inc. will post 44.93 earnings per share for the current year.

United Rentals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be given a dividend of $1.79 per share. The ex-dividend date is Wednesday, February 12th. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a dividend yield of 0.98%. United Rentals’s payout ratio is currently 16.83%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Morgan Stanley reduced their price target on United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. Barclays increased their price objective on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research note 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 target price on the stock in a report on Tuesday, January 14th. Finally, Citigroup lowered their price target on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $814.08.

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.