Fiduciary Alliance LLC Boosts Stake in United Rentals, Inc. (NYSE:URI)

Fiduciary Alliance LLC increased its position in shares of United Rentals, Inc. (NYSE:URI) by 196.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,420 shares of the construction company’s stock after buying an additional 941 shares during the quarter. Fiduciary Alliance LLC’s holdings in United Rentals were worth $1,000,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in URI. Mirae Asset Global Investments Co. Ltd. grew its position in shares of United Rentals by 11.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,203 shares of the construction company’s stock worth $7,492,000 after acquiring an additional 964 shares during the last quarter. Retireful LLC purchased a new position in United Rentals during the 3rd quarter worth $697,000. Mizuho Securities USA LLC increased its stake in United Rentals by 1,067.5% in the third quarter. Mizuho Securities USA LLC now owns 59,879 shares of the construction company’s stock valued at $48,486,000 after purchasing an additional 54,750 shares during the period. XTX Topco Ltd raised its holdings in shares of United Rentals by 428.8% in the third quarter. XTX Topco Ltd now owns 1,692 shares of the construction company’s stock valued at $1,370,000 after buying an additional 1,372 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of United Rentals by 7.6% during the fourth quarter. Nordea Investment Management AB now owns 732,954 shares of the construction company’s stock worth $517,018,000 after buying an additional 52,037 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insider Buying and Selling at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the sale, the senior vice president now directly owns 2,044 shares in the company, valued at $1,682,702.56. This represents a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Bank of America boosted their price target on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Barclays upped their price target on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. lifted their price objective on shares of United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Robert W. Baird upped their price objective on shares of United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a research report on Thursday, October 3rd. Finally, Citigroup lifted their target price on shares of United Rentals from $955.00 to $985.00 and gave the company a “buy” rating in a report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $817.08.

United Rentals Price Performance

Shares of NYSE:URI opened at $688.06 on Tuesday. United Rentals, Inc. has a 12 month low of $545.16 and a 12 month high of $896.98. The firm has a market capitalization of $45.15 billion, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 1.83 and a beta of 1.69. The business’s 50 day simple moving average is $787.08 and its 200-day simple moving average is $759.44. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing the consensus estimate of $12.49 by ($0.69). The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the company posted $11.73 EPS. As a group, equities analysts forecast that United Rentals, Inc. will post 43.46 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

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

United Rentals 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.