Wilmington Savings Fund Society FSB Buys 113 Shares of United Rentals, Inc. (NYSE:URI)

Wilmington Savings Fund Society FSB grew its stake in United Rentals, Inc. (NYSE:URI) by 4.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,765 shares of the construction company’s stock after purchasing an additional 113 shares during the period. Wilmington Savings Fund Society FSB’s holdings in United Rentals were worth $1,948,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Brookstone Capital Management bought a new position in United Rentals during the third quarter valued at $208,000. CWM LLC boosted its stake in shares of United Rentals by 1.1% during the 3rd quarter. CWM LLC now owns 4,519 shares of the construction company’s stock worth $3,659,000 after purchasing an additional 48 shares during the period. Cardinal Capital Management Inc. bought a new position in United Rentals during the 3rd quarter valued at about $23,672,000. Carnegie Investment Counsel lifted its stake in United Rentals by 11.4% in the third quarter. Carnegie Investment Counsel now owns 14,559 shares of the construction company’s stock worth $11,789,000 after purchasing an additional 1,489 shares during the last quarter. Finally, MorganRosel Wealth Management LLC purchased a new position in shares of United Rentals during the third quarter valued at approximately $243,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Stock Performance

Shares of URI stock opened at $740.69 on Monday. The firm has a market cap of $48.37 billion, a price-to-earnings ratio of 19.11, a PEG ratio of 1.54 and a beta of 1.68. United Rentals, Inc. has a 52-week low of $596.48 and a 52-week high of $896.98. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The company’s 50 day moving average is $752.83 and its 200 day moving average is $770.13.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. On average, sell-side analysts anticipate that United Rentals, Inc. will post 44.93 EPS for the current fiscal year.

United Rentals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 0.97%. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date is Wednesday, February 12th. United Rentals’s dividend payout ratio is presently 16.83%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Morgan Stanley reduced their price target 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. Argus lifted their target price on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Barclays upped their price target 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. Citigroup decreased their price objective 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. Finally, Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $814.08.

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.