Pinnacle Financial Partners Inc Cuts Holdings in United Rentals, Inc. (NYSE:URI)

Pinnacle Financial Partners Inc trimmed its holdings in shares of United Rentals, Inc. (NYSE:URI) by 9.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 290 shares of the construction company’s stock after selling 31 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in United Rentals were worth $204,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of URI. Mayflower Financial Advisors LLC increased its holdings in United Rentals by 4.0% in the third quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock valued at $274,000 after buying an additional 13 shares in the last quarter. First County Bank CT increased its holdings in United Rentals by 3.2% in the third quarter. First County Bank CT now owns 422 shares of the construction company’s stock valued at $342,000 after buying an additional 13 shares in the last quarter. Allen Capital Group LLC increased its holdings 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 buying an additional 13 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in United Rentals by 3.2% in the third quarter. Concurrent Investment Advisors LLC now owns 453 shares of the construction company’s stock valued at $367,000 after buying an additional 14 shares in the last quarter. Finally, Adell Harriman & Carpenter Inc. increased its holdings in United Rentals by 1.8% in the fourth 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 hedge funds and other institutional investors.

United Rentals Stock Down 5.5 %

Shares of NYSE URI opened at $656.42 on Monday. United Rentals, Inc. has a 12-month low of $596.48 and a 12-month high of $896.98. The stock has a market cap of $42.87 billion, a PE ratio of 16.94, a P/E/G 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. The company has a 50-day moving average of $731.32 and a 200 day moving average of $770.71.

United Rentals (NYSE:URI) last announced 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 net margin of 16.78% and a return on equity of 34.21%. As a group, sell-side analysts predict 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 will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Wednesday, February 12th. This is a boost from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio is currently 18.48%.

Wall Street Analysts Forecast Growth

URI has been the subject of a number of recent analyst reports. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. lifted their price objective on shares of United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Evercore ISI cut their target price on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Citigroup cut their target price on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Finally, Argus boosted their target price on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average 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.