Private Trust Co. NA Has $1.59 Million Stake in United Rentals, Inc. (NYSE:URI)

Private Trust Co. NA trimmed its position in shares of United Rentals, Inc. (NYSE:URI) by 11.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,250 shares of the construction company’s stock after selling 294 shares during the period. Private Trust Co. NA’s holdings in United Rentals were worth $1,585,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in URI. ORG Wealth Partners LLC acquired a new position in shares of United Rentals in the fourth quarter valued at $26,000. Carmichael Hill & Associates Inc. increased its holdings in shares of United Rentals by 80.0% in the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock valued at $36,000 after purchasing an additional 20 shares during the last quarter. Hanson & Doremus Investment Management acquired a new position in shares of United Rentals in the fourth quarter valued at $33,000. Kestra Investment Management LLC acquired a new position in shares of United Rentals in the fourth quarter valued at $34,000. Finally, HM Payson & Co. acquired a new position in shares of United Rentals in the third quarter valued at $41,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO William E. Grace sold 1,100 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the completion of the transaction, the chief financial officer now owns 6,880 shares of the company’s stock, valued at $4,390,128. This represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.49% of the stock is currently owned by insiders.

United Rentals Stock Up 1.5 %

URI stock opened at $642.49 on Friday. The stock has a market capitalization of $41.96 billion, a P/E 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. The firm has a 50-day moving average price of $721.43 and a 200-day moving average price of $767.74.

United Rentals (NYSE:URI) last posted its 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 return on equity of 34.21% and a net margin of 16.78%. As a group, equities research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a $1.79 dividend. 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 1.11%. This is a boost from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio is 18.48%.

Wall Street Analyst Weigh In

Several research firms have commented on URI. Evercore ISI decreased their price objective on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Argus boosted their target price on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. boosted their target price on shares of United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price for the company in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $829.00.

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.