TigerOak Management L.L.C. Makes New $1.37 Million Investment in United Rentals, Inc. (NYSE:URI)

TigerOak Management L.L.C. acquired a new position in shares of United Rentals, Inc. (NYSE:URI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,950 shares of the construction company’s stock, valued at approximately $1,374,000.

Several other institutional investors also recently bought and sold shares of the business. Covenant Asset Management LLC purchased a new stake in United Rentals during the fourth quarter worth approximately $493,000. Myriad Asset Management US LP purchased a new stake in United Rentals during the fourth quarter worth approximately $1,157,000. Nations Financial Group Inc. IA ADV boosted its stake in shares of United Rentals by 3.5% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 1,577 shares of the construction company’s stock valued at $1,111,000 after purchasing an additional 54 shares during the period. Adell Harriman & Carpenter Inc. grew its holdings in United Rentals by 1.8% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company’s stock valued at $573,000 after purchasing an additional 14 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its holdings in United Rentals by 13.3% during the 4th quarter. V Square Quantitative Management LLC now owns 2,475 shares of the construction company’s stock valued at $1,743,000 after purchasing an additional 291 shares in the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on URI shares. Barclays raised their price target on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a report on Friday, October 25th. Bank of America raised their price target on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target for the company in a report on Tuesday, January 14th. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Argus raised their price target on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. One investment 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. Based on data from MarketBeat, United Rentals currently has a consensus rating of “Moderate Buy” and an average target price of $814.08.

United Rentals Trading Up 1.6 %

United Rentals stock opened at $741.10 on Friday. The firm’s 50-day moving average is $740.77 and its 200-day moving average is $769.76. 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 1 year low of $596.48 and a 1 year high of $896.98. The company has a market cap of $48.40 billion, a P/E ratio of 19.13, a PEG ratio of 1.54 and a beta of 1.68.

United Rentals (NYSE:URI) last posted 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%. On average, 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 disclosed 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. The ex-dividend date of this dividend is Wednesday, February 12th. This is an increase from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a yield of 0.97%. United Rentals’s dividend payout ratio (DPR) is currently 16.83%.

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.