LPL Financial LLC Has $95.87 Million Holdings in United Rentals, Inc. (NYSE:URI)

LPL Financial LLC boosted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 8.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 136,087 shares of the construction company’s stock after acquiring an additional 11,141 shares during the period. LPL Financial LLC owned 0.21% of United Rentals worth $95,865,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. Adell Harriman & Carpenter Inc. lifted its stake in United Rentals by 1.8% in the fourth quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company’s stock valued at $573,000 after buying an additional 14 shares during the period. Valmark Advisers Inc. increased its stake in shares of United Rentals by 1.8% in the 4th quarter. Valmark Advisers Inc. now owns 788 shares of the construction company’s stock valued at $555,000 after acquiring an additional 14 shares during the last quarter. Erste Asset Management GmbH raised its position in shares of United Rentals by 0.5% in the 4th quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company’s stock valued at $2,002,000 after acquiring an additional 14 shares during the period. Brooklyn Investment Group boosted its stake in United Rentals by 3.4% during the 3rd quarter. Brooklyn Investment Group now owns 450 shares of the construction company’s stock worth $364,000 after acquiring an additional 15 shares during the last quarter. Finally, Klingman & Associates LLC grew its holdings in United Rentals by 2.3% during the fourth quarter. Klingman & Associates LLC now owns 669 shares of the construction company’s stock valued at $471,000 after purchasing an additional 15 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insider Transactions at United Rentals

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $638.10, for a total value of $701,910.00. Following the transaction, the chief financial officer now directly owns 6,880 shares of the company’s stock, valued at $4,390,128. This represents a 13.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.53% of the stock is currently owned by corporate insiders.

United Rentals Stock Performance

Shares of URI stock opened at $653.71 on Wednesday. United Rentals, Inc. has a one year low of $585.27 and a one 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. The stock has a market cap of $42.69 billion, a P/E ratio of 16.87, a P/E/G ratio of 1.43 and a beta of 1.76. The company has a fifty day moving average price of $694.07 and a two-hundred day moving average price of $756.62.

United Rentals (NYSE:URI) last released its quarterly earnings data 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 net margin of 16.78% and a return on equity of 34.21%. As a group, equities analysts predict that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a $1.79 dividend. The ex-dividend date was Wednesday, February 12th. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a dividend yield of 1.10%. United Rentals’s dividend payout ratio is presently 18.48%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on URI shares. JPMorgan Chase & Co. lifted their price target on shares of United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Citigroup lowered their price target on United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Morgan Stanley lowered their target price on United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Finally, Bank of America cut their price target on shares of United Rentals from $850.00 to $750.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, United Rentals currently has an average rating of “Moderate Buy” and a consensus target price of $804.15.

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.