Bank of New Hampshire Sells 151 Shares of United Rentals, Inc. (NYSE:URI)

Bank of New Hampshire cut its holdings in shares of United Rentals, Inc. (NYSE:URI) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,375 shares of the construction company’s stock after selling 151 shares during the quarter. Bank of New Hampshire’s holdings in United Rentals were worth $2,377,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of URI. E Fund Management Hong Kong Co. Ltd. bought a new stake in United Rentals during the third quarter valued at about $31,000. Carmichael Hill & Associates Inc. raised its holdings 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 during the period. HHM Wealth Advisors LLC raised its holdings in United Rentals by 280.0% during the second quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company’s stock valued at $37,000 after acquiring an additional 42 shares during the period. HM Payson & Co. bought a new stake in United Rentals during the third quarter valued at about $41,000. Finally, Trust Co. of Vermont raised its holdings in United Rentals by 6,000.0% during the third quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock valued at $49,000 after acquiring an additional 60 shares during the period. 96.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on URI. Bank of America raised their price target on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Citigroup raised their price objective on United Rentals from $955.00 to $985.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Barclays raised their price objective on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. Argus raised their price objective on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. raised their price objective on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $792.69.

Insider Activity

In other news, SVP Anthony S. Leopold sold 900 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the transaction, the senior vice president now owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. This represents a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.53% of the company’s stock.

United Rentals Trading Up 0.4 %

URI traded up $2.40 on Tuesday, hitting $686.40. The company had a trading volume of 39,689 shares, compared to its average volume of 502,003. The company has a market cap of $45.04 billion, a PE ratio of 17.93, a PEG ratio of 1.83 and a beta of 1.69. United Rentals, Inc. has a 12-month low of $533.70 and a 12-month high of $896.98. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. The business’s fifty day simple moving average is $799.69 and its 200 day simple moving average is $757.97.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing the consensus estimate of $12.49 by ($0.69). The company had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The company’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $11.73 EPS. Equities research analysts expect that United Rentals, Inc. will post 43.46 EPS for the current year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a dividend of $1.63 per share. The ex-dividend date was Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.95%. United Rentals’s dividend payout ratio is 17.03%.

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.