K.J. Harrison & Partners Inc Raises Holdings in United Rentals, Inc. (NYSE:URI)

K.J. Harrison & Partners Inc grew its stake in United Rentals, Inc. (NYSE:URI) by 24.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,100 shares of the construction company’s stock after buying an additional 1,200 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in United Rentals were worth $4,208,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mayflower Financial Advisors LLC raised its position in shares of United Rentals by 4.0% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock worth $274,000 after acquiring an additional 13 shares in the last quarter. Allen Capital Group LLC increased its stake in United Rentals by 4.2% in the third quarter. Allen Capital Group LLC now owns 324 shares of the construction company’s stock valued at $262,000 after purchasing an additional 13 shares during the last quarter. First County Bank CT raised its holdings in United Rentals by 3.2% during the third quarter. First County Bank CT now owns 422 shares of the construction company’s stock worth $342,000 after purchasing an additional 13 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of United Rentals by 3.2% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 453 shares of the construction company’s stock worth $367,000 after buying an additional 14 shares during the last quarter. Finally, Adell Harriman & Carpenter Inc. boosted its holdings in shares of United Rentals by 1.8% in the 4th quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company’s stock valued at $573,000 after buying an additional 14 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Trading Up 0.6 %

Shares of United Rentals stock opened at $642.29 on Thursday. The company has a 50-day moving average of $724.58 and a two-hundred day moving average of $769.00. The stock has a market cap of $41.95 billion, a PE ratio of 16.58, a price-to-earnings-growth ratio of 1.43 and a beta of 1.68. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a 12-month low of $596.48 and a 12-month high of $896.98.

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

United Rentals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 1.11%. This is a boost from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Wednesday, February 12th. United Rentals’s dividend payout ratio is presently 18.48%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Citigroup reduced their price target on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. boosted their target price on United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Robert W. Baird upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective for the company in a research note on Tuesday, January 14th. Finally, Argus raised their target price on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $829.00.

Insider Buying and Selling at United Rentals

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the sale, the chief financial officer now owns 6,880 shares in the company, valued at approximately $4,390,128. This represents a 13.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.49% of the stock is currently owned by insiders.

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.