Hartford Investment Management Co. Has $2.87 Million Stock Position in United Rentals, Inc. (NYSE:URI)

Hartford Investment Management Co. lowered its holdings in shares of United Rentals, Inc. (NYSE:URI) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,073 shares of the construction company’s stock after selling 135 shares during the period. Hartford Investment Management Co.’s holdings in United Rentals were worth $2,869,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Mayflower Financial Advisors LLC grew its stake in United Rentals by 4.0% during the third quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock worth $274,000 after purchasing an additional 13 shares during the period. Allen Capital Group LLC grew its stake in United Rentals by 4.2% during the third quarter. Allen Capital Group LLC now owns 324 shares of the construction company’s stock worth $262,000 after purchasing an additional 13 shares during the period. First County Bank CT grew its stake in United Rentals by 3.2% in the third quarter. First County Bank CT now owns 422 shares of the construction company’s stock valued at $342,000 after acquiring an additional 13 shares during the period. Concurrent Investment Advisors LLC grew its stake in United Rentals by 3.2% in the third quarter. Concurrent Investment Advisors LLC now owns 453 shares of the construction company’s stock valued at $367,000 after acquiring an additional 14 shares during the period. Finally, Resonant Capital Advisors LLC grew its stake in United Rentals by 3.3% in the third quarter. Resonant Capital Advisors LLC now owns 474 shares of the construction company’s stock valued at $384,000 after acquiring an additional 15 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analyst Upgrades and Downgrades

URI has been the topic of a number of research analyst reports. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Barclays increased their target price 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 United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price on the stock in a research note on Tuesday, January 14th. Morgan Stanley lowered their price target on United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. raised their target price on United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, United Rentals has an average rating of “Moderate Buy” and a consensus target price of $814.08.

United Rentals Trading Down 2.4 %

NYSE URI opened at $734.83 on Thursday. The company has a market capitalization of $47.99 billion, a PE ratio of 18.96, a P/E/G ratio of 1.54 and a beta of 1.68. The company has a fifty day moving average of $745.64 and a 200 day moving average of $769.84. United Rentals, Inc. has a 1 year low of $596.48 and a 1 year high of $896.98. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92.

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

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be given a dividend of $1.79 per share. This is a boost from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Wednesday, February 12th. United Rentals’s payout ratio is 16.83%.

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.