Foundry Partners LLC Increases Stock Holdings in United Rentals, Inc. (NYSE:URI)

Foundry Partners LLC boosted its holdings in shares of United Rentals, Inc. (NYSE:URIFree Report) by 7.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 50,772 shares of the construction company’s stock after purchasing an additional 3,726 shares during the period. United Rentals makes up 1.4% of Foundry Partners LLC’s investment portfolio, making the stock its 11th largest holding. Foundry Partners LLC owned about 0.07% of United Rentals worth $22,572,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new position in United Rentals during the 3rd quarter worth approximately $25,000. NBC Securities Inc. purchased a new position in United Rentals in the third quarter worth $29,000. DHJJ Financial Advisors Ltd. purchased a new stake in shares of United Rentals during the 3rd quarter worth $31,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of United Rentals during the 3rd quarter worth $40,000. Finally, Quarry LP increased its holdings in shares of United Rentals by 257.7% in the 1st quarter. Quarry LP now owns 93 shares of the construction company’s stock valued at $37,000 after purchasing an additional 67 shares in the last quarter. 89.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on URI shares. Robert W. Baird upped their target price on shares of United Rentals from $322.00 to $559.00 and gave the stock an “underperform” rating in a research report on Friday, January 26th. KeyCorp downgraded shares of United Rentals from an “overweight” rating to a “sector weight” rating in a report on Monday, December 4th. Morgan Stanley initiated coverage on United Rentals in a research note on Monday, January 8th. They issued an “equal weight” rating and a $500.00 target price on the stock. Barclays upped their price objective on United Rentals from $325.00 to $400.00 and gave the company an “underweight” rating in a research report on Friday, January 26th. Finally, Wells Fargo & Company boosted their target price on shares of United Rentals from $630.00 to $710.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $542.31.

Get Our Latest Stock Analysis on United Rentals

United Rentals Price Performance

NYSE:URI traded up $16.34 during mid-day trading on Monday, reaching $666.69. 112,251 shares of the stock were exchanged, compared to its average volume of 666,230. The company has a current ratio of 0.81, a quick ratio of 0.75 and a debt-to-equity ratio of 1.24. The business has a fifty day moving average price of $573.14 and a 200 day moving average price of $494.71. United Rentals, Inc. has a 1-year low of $325.15 and a 1-year high of $669.56. The firm has a market capitalization of $44.79 billion, a PE ratio of 18.40, a PEG ratio of 2.43 and a beta of 1.84.

United Rentals (NYSE:URIGet Free Report) last released its earnings results on Wednesday, January 24th. The construction company reported $11.26 EPS for the quarter, beating the consensus estimate of $10.85 by $0.41. United Rentals had a net margin of 16.91% and a return on equity of 36.80%. The business had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.63 billion. During the same period in the prior year, the business earned $9.74 earnings per share. The business’s quarterly revenue was up 13.1% on a year-over-year basis. Research analysts expect that United Rentals, Inc. will post 42.84 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 0.98%. This is an increase from United Rentals’s previous quarterly dividend of $1.48. The ex-dividend date of this dividend is Tuesday, February 13th. United Rentals’s dividend payout ratio is currently 16.75%.

United Rentals declared that its board has authorized a stock buyback plan on Wednesday, January 24th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the construction company to reacquire up to 3.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

United Rentals Profile

(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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