Firetrail Investments PTY Ltd. Lowers Stock Position in United Rentals, Inc. (NYSE:URI)

Firetrail Investments PTY Ltd. reduced its stake in shares of United Rentals, Inc. (NYSE:URI) by 5.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,667 shares of the construction company’s stock after selling 581 shares during the period. United Rentals accounts for 2.3% of Firetrail Investments PTY Ltd.’s portfolio, making the stock its 22nd biggest holding. Firetrail Investments PTY Ltd.’s holdings in United Rentals were worth $7,542,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. ORG Wealth Partners LLC bought a new stake in United Rentals during the 4th quarter valued at approximately $26,000. Hanson & Doremus Investment Management bought a new stake in United Rentals during the 4th quarter valued at approximately $33,000. Kestra Investment Management LLC bought a new stake in United Rentals during the 4th quarter valued at approximately $34,000. Carmichael Hill & Associates Inc. raised its stake in United Rentals by 80.0% during the 3rd 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 period. Finally, HM Payson & Co. bought a new stake in United Rentals during the 3rd quarter valued at approximately $41,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Price Performance

URI opened at $642.49 on Friday. The business has a fifty day moving average of $721.43 and a 200 day moving average of $768.19. United Rentals, Inc. has a 52-week low of $596.48 and a 52-week high of $896.98. The stock has a market cap of $41.96 billion, a P/E ratio of 16.58, a PEG ratio of 1.43 and a beta of 1.68. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42.

United Rentals (NYSE:URI) last announced its earnings results 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 anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 1.11%. The ex-dividend date was Wednesday, February 12th. This is an increase from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s payout ratio is presently 18.48%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Morgan Stanley reduced their price objective on United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Evercore ISI dropped their target price on United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Finally, Argus lifted their target price on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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 business’s stock in a transaction dated 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. The trade was a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.53% of the company’s stock.

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.