Pathstone Family Office LLC Grows Holdings in United Rentals, Inc. (NYSE:URI)

Pathstone Family Office LLC boosted its position in shares of United Rentals, Inc. (NYSE:URIFree Report) by 139.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,925 shares of the construction company’s stock after purchasing an additional 2,866 shares during the period. Pathstone Family Office LLC’s holdings in United Rentals were worth $2,189,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of URI. Pine Valley Investments Ltd Liability Co raised its stake in shares of United Rentals by 42.2% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 6,064 shares of the construction company’s stock valued at $2,696,000 after acquiring an additional 1,799 shares during the period. AlphaStar Capital Management LLC raised its stake in shares of United Rentals by 12.0% in the 3rd quarter. AlphaStar Capital Management LLC now owns 1,640 shares of the construction company’s stock valued at $729,000 after acquiring an additional 176 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in shares of United Rentals by 6.2% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 5,107 shares of the construction company’s stock valued at $2,270,000 after acquiring an additional 298 shares during the period. D.A. Davidson & CO. raised its stake in shares of United Rentals by 2.9% in the 3rd quarter. D.A. Davidson & CO. now owns 6,813 shares of the construction company’s stock valued at $3,029,000 after acquiring an additional 191 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in shares of United Rentals by 6.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 21,568 shares of the construction company’s stock valued at $9,588,000 after acquiring an additional 1,304 shares during the period. 89.03% of the stock is owned by hedge funds and other institutional investors.

United Rentals Trading Up 0.5 %

NYSE URI opened at $650.35 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.81 and a debt-to-equity ratio of 1.24. United Rentals, Inc. has a 52 week low of $325.15 and a 52 week high of $658.86. The stock has a market capitalization of $43.70 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 2.43 and a beta of 1.84. The firm has a 50 day moving average of $573.14 and a two-hundred day moving average of $494.36.

United Rentals (NYSE:URIGet Free Report) last posted its quarterly earnings results on Wednesday, January 24th. The construction company reported $11.26 EPS for the quarter, topping 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 company had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.63 billion. During the same quarter in the previous year, the business posted $9.74 EPS. The firm’s revenue was up 13.1% on a year-over-year basis. As a group, research analysts expect that United Rentals, Inc. will post 42.84 EPS for the current fiscal year.

United Rentals declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, January 24th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the construction company to buy up to 3.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

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 $1.63 dividend. This is a boost from United Rentals’s previous quarterly dividend of $1.48. The ex-dividend date is Tuesday, February 13th. This represents a $6.52 annualized dividend and a dividend yield of 1.00%. United Rentals’s dividend payout ratio is presently 16.75%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on URI. KeyCorp downgraded shares of United Rentals from an “overweight” rating to a “sector weight” rating in a research note on Monday, December 4th. Barclays upped their target price on shares of United Rentals from $325.00 to $400.00 and gave the stock an “underweight” rating in a research note on Friday, January 26th. The Goldman Sachs Group upped their target price on shares of United Rentals from $510.00 to $718.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. BNP Paribas reaffirmed an “underperform” rating and set a $485.00 target price on shares of United Rentals in a research note on Friday, January 5th. Finally, Wells Fargo & Company upped their target price on shares of United Rentals from $630.00 to $710.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, United Rentals currently has a consensus rating of “Hold” and a consensus target price of $542.31.

Get Our Latest Report on United Rentals

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.

Further Reading

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

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