Greenleaf Trust Buys 18 Shares of United Rentals, Inc. (NYSE:URI)

Greenleaf Trust boosted its stake in United Rentals, Inc. (NYSE:URI) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,667 shares of the construction company’s stock after acquiring an additional 18 shares during the period. Greenleaf Trust’s holdings in United Rentals were worth $1,174,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. International Assets Investment Management LLC boosted its holdings in shares of United Rentals by 82,462.2% during the 3rd quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company’s stock worth $1,300,962,000 after buying an additional 1,604,715 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of United Rentals by 15.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company’s stock worth $637,968,000 after buying an additional 105,287 shares in the last quarter. FMR LLC boosted its holdings in shares of United Rentals by 3.7% during the 3rd quarter. FMR LLC now owns 2,416,568 shares of the construction company’s stock worth $1,956,768,000 after buying an additional 85,325 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of 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 in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of United Rentals by 6.1% during the 3rd quarter. Franklin Resources Inc. now owns 996,014 shares of the construction company’s stock worth $862,110,000 after buying an additional 57,002 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors.

United Rentals Stock Performance

Shares of URI stock opened at $739.27 on Tuesday. 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 fifty-two week low of $596.48 and a fifty-two week high of $896.98. The stock has a 50 day moving average price of $762.23 and a two-hundred day moving average price of $769.67. The company has a market capitalization of $48.28 billion, a P/E ratio of 19.08, a PEG ratio of 1.52 and a beta of 1.69.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. Analysts expect that United Rentals, Inc. will post 46.09 earnings per share for the current year.

United Rentals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders 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 represents a $7.16 annualized dividend and a yield of 0.97%. This is an increase from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s payout ratio is presently 18.48%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on URI. JPMorgan Chase & Co. increased their price target on United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Friday. Barclays upped their target price on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Morgan Stanley lowered their target price on United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a research report on Monday. Robert W. Baird raised United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price on the stock in a research report on Tuesday, January 14th. Finally, Citigroup lowered their target price on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $814.08.

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.