United Rentals, Inc. (NYSE:URI) Shares Sold by Financial Management Network Inc.

Financial Management Network Inc. reduced its position in shares of United Rentals, Inc. (NYSE:URI) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 629 shares of the construction company’s stock after selling 25 shares during the period. Financial Management Network Inc.’s holdings in United Rentals were worth $437,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in URI. Creative Planning raised its holdings in United Rentals by 7.9% in the third quarter. Creative Planning now owns 13,046 shares of the construction company’s stock valued at $10,563,000 after acquiring an additional 959 shares in the last quarter. Stratos Wealth Advisors LLC raised its holdings in United Rentals by 18.4% in the third quarter. Stratos Wealth Advisors LLC now owns 560 shares of the construction company’s stock valued at $454,000 after acquiring an additional 87 shares in the last quarter. Blue Trust Inc. raised its holdings in United Rentals by 168.8% in the third quarter. Blue Trust Inc. now owns 906 shares of the construction company’s stock valued at $734,000 after acquiring an additional 569 shares in the last quarter. Raleigh Capital Management Inc. raised its holdings in United Rentals by 61.2% in the third quarter. Raleigh Capital Management Inc. now owns 79 shares of the construction company’s stock valued at $64,000 after acquiring an additional 30 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in United Rentals by 11.6% in the third quarter. Sequoia Financial Advisors LLC now owns 1,346 shares of the construction company’s stock valued at $1,090,000 after acquiring an additional 140 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on URI shares. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target on the stock in a report on Tuesday, January 14th. 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 report on Friday, January 31st. Citigroup dropped their target price on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Argus increased their target price on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, Barclays increased their target price on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $814.08.

United Rentals Stock Down 2.7 %

United Rentals stock opened at $721.61 on Wednesday. The company has a 50-day simple moving average of $737.38 and a 200-day simple moving average of $770.38. The firm has a market capitalization of $47.13 billion, a P/E ratio of 18.62, a P/E/G ratio of 1.52 and a beta of 1.68. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. United Rentals, Inc. has a one year low of $596.48 and a one year high of $896.98.

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 the consensus estimate of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. As a group, equities analysts expect that United Rentals, Inc. will post 44.93 earnings per share for the current year.

United Rentals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Wednesday, February 12th. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio is currently 18.48%.

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.