Hennion & Walsh Asset Management Inc. Boosts Holdings in United Rentals, Inc. (NYSE:URI)

Hennion & Walsh Asset Management Inc. boosted its position in shares of United Rentals, Inc. (NYSE:URIFree Report) by 116.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,517 shares of the construction company’s stock after buying an additional 1,355 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in United Rentals were worth $1,119,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in URI. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of United Rentals by 7,691.1% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,506 shares of the construction company’s stock valued at $1,245,000 after purchasing an additional 3,461 shares during the period. Raymond James Trust N.A. boosted its stake in shares of United Rentals by 14.6% during the first quarter. Raymond James Trust N.A. now owns 2,296 shares of the construction company’s stock valued at $815,000 after purchasing an additional 293 shares during the period. Cibc World Market Inc. boosted its stake in shares of United Rentals by 16.8% during the first quarter. Cibc World Market Inc. now owns 7,941 shares of the construction company’s stock valued at $2,821,000 after purchasing an additional 1,140 shares during the period. Sei Investments Co. boosted its stake in shares of United Rentals by 50.1% during the first quarter. Sei Investments Co. now owns 1,914 shares of the construction company’s stock valued at $678,000 after purchasing an additional 639 shares during the period. Finally, Prudential PLC purchased a new stake in shares of United Rentals during the first quarter valued at $560,000. 89.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

URI has been the subject of a number of recent analyst reports. StockNews.com began coverage on shares of United Rentals in a research note on Thursday, October 5th. They set a “hold” rating for the company. BNP Paribas restated an “underperform” rating and issued a $485.00 price objective on shares of United Rentals in a report on Friday, January 5th. Stifel Nicolaus lifted their price objective on United Rentals from $494.00 to $591.00 and gave the company a “buy” rating in a report on Tuesday, December 19th. Morgan Stanley began coverage on United Rentals in a report on Monday, January 8th. They issued an “equal weight” rating and a $500.00 price objective for the company. Finally, UBS Group downgraded United Rentals from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $504.00 to $525.00 in a report on Tuesday, December 5th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $479.92.

Check Out Our Latest Analysis on United Rentals

United Rentals Stock Performance

Shares of United Rentals stock opened at $559.18 on Friday. United Rentals, Inc. has a one year low of $325.15 and a one year high of $585.50. The company has a market capitalization of $37.90 billion, a PE ratio of 16.21, a P/E/G ratio of 0.85 and a beta of 1.86. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.76 and a current ratio of 0.81. The company has a 50-day simple moving average of $513.19 and a two-hundred day simple moving average of $470.84.

United Rentals (NYSE:URIGet Free Report) last issued its quarterly earnings results on Wednesday, October 25th. The construction company reported $11.73 earnings per share for the quarter, topping analysts’ consensus estimates of $11.32 by $0.41. United Rentals had a return on equity of 37.00% and a net margin of 17.15%. The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the previous year, the firm earned $9.27 earnings per share. The company’s revenue was up 23.4% on a year-over-year basis. Research analysts expect that United Rentals, Inc. will post 40.89 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th were paid a dividend of $1.48 per share. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.06%. United Rentals’s payout ratio is 17.16%.

About United Rentals

(Free Report)

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.

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Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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