UMB Bank n.a. Cuts Holdings in United Rentals, Inc. (NYSE:URI)

UMB Bank n.a. lessened its position in shares of United Rentals, Inc. (NYSE:URI) by 15.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,474 shares of the construction company’s stock after selling 644 shares during the quarter. UMB Bank n.a.’s holdings in United Rentals were worth $2,447,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its holdings in United Rentals by 82,462.2% in the 3rd quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company’s stock valued at $1,300,962,000 after purchasing an additional 1,604,715 shares in the last quarter. Marshall Wace LLP raised its stake in shares of United Rentals by 259.3% during the second quarter. Marshall Wace LLP now owns 150,152 shares of the construction company’s stock valued at $97,108,000 after purchasing an additional 108,360 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of United Rentals by 15.4% in the third quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company’s stock valued at $637,968,000 after purchasing an additional 105,287 shares during the period. FMR LLC boosted its stake in shares of United Rentals by 3.7% in the third quarter. FMR LLC now owns 2,416,568 shares of the construction company’s stock valued at $1,956,768,000 after purchasing an additional 85,325 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in United Rentals by 10.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 704,145 shares of the construction company’s stock worth $570,167,000 after buying an additional 66,957 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Anthony S. Leopold sold 900 shares of the firm’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 transaction, the senior vice president now owns 2,044 shares in the company, valued at approximately $1,682,702.56. This trade represents a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.49% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on URI. Bank of America upped their price objective on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. upped their target price on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Argus upped 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. Finally, Barclays raised their price objective 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 investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, United Rentals presently has an average rating of “Moderate Buy” and a consensus price target of $805.08.

United Rentals Price Performance

Shares of URI stock opened at $770.81 on Tuesday. United Rentals, Inc. has a 52-week low of $553.22 and a 52-week high of $896.98. The firm’s 50 day moving average price is $776.72 and its two-hundred day moving average price is $763.16. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82. The stock has a market cap of $50.58 billion, a PE ratio of 20.13, a PEG ratio of 1.46 and a beta of 1.69.

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

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Wednesday, November 13th. United Rentals’s payout ratio is 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.