United Rentals, Inc. (NYSE:URI) Shares Sold by BlueChip Wealth Advisors LLC

BlueChip Wealth Advisors LLC reduced its position in United Rentals, Inc. (NYSE:URI) by 5.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 337 shares of the construction company’s stock after selling 21 shares during the period. BlueChip Wealth Advisors LLC’s holdings in United Rentals were worth $237,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Allstate Corp purchased a new stake in shares of United Rentals in the fourth quarter valued at $1,377,000. Brown Brothers Harriman & Co. boosted its stake in United Rentals by 92.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 81 shares of the construction company’s stock worth $57,000 after buying an additional 39 shares during the last quarter. Alerus Financial NA purchased a new stake in United Rentals in the 4th quarter valued at about $2,685,000. Premier Fund Managers Ltd increased its stake in shares of United Rentals by 10.2% during the 4th quarter. Premier Fund Managers Ltd now owns 26,840 shares of the construction company’s stock valued at $18,935,000 after acquiring an additional 2,490 shares during the last quarter. Finally, Orion Portfolio Solutions LLC lifted its holdings in shares of United Rentals by 1.9% during the 4th quarter. Orion Portfolio Solutions LLC now owns 4,952 shares of the construction company’s stock worth $3,488,000 after acquiring an additional 92 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Performance

NYSE:URI opened at $627.10 on Friday. The firm has a 50-day moving average of $686.97 and a two-hundred day moving average of $754.58. 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 $40.95 billion, a P/E ratio of 16.18, a PEG ratio of 1.43 and a beta of 1.76. United Rentals, Inc. has a 1-year low of $585.27 and a 1-year high of $896.98.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 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%. On average, research analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a dividend of $1.79 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.14%. This is an increase from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio (DPR) is presently 18.48%.

Insider Buying and Selling

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $638.10, for a total transaction of $701,910.00. Following the completion of the transaction, the chief financial officer now directly owns 6,880 shares of the company’s stock, valued at $4,390,128. This trade represents a 13.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on URI. Citigroup lowered their target price on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Morgan Stanley reduced their target price on United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Sanford C. Bernstein upgraded United Rentals from an “underperform” rating to a “market perform” rating and dropped their price target for the stock from $705.00 to $666.00 in a research note on Tuesday. Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. increased their target price 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $804.15.

United Rentals Company 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.