Kendall Capital Management Trims Stock Holdings in United Rentals, Inc. (NYSE:URI)

Kendall Capital Management trimmed its holdings in 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 SEC. The firm owned 2,834 shares of the construction company’s stock after selling 305 shares during the quarter. Kendall Capital Management’s holdings in United Rentals were worth $1,996,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rialto Wealth Management LLC purchased a new stake in shares of United Rentals in the fourth quarter worth approximately $25,000. ORG Wealth Partners LLC purchased a new stake in shares of United Rentals in the fourth quarter worth approximately $26,000. Hanson & Doremus Investment Management purchased a new stake in shares of United Rentals in the fourth quarter worth approximately $33,000. Kestra Investment Management LLC purchased a new stake in shares of United Rentals in the fourth quarter worth approximately $34,000. Finally, Promus Capital LLC purchased a new stake in shares of United Rentals in the fourth quarter worth approximately $41,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on URI. Evercore ISI reduced their price objective on United Rentals from $1,004.00 to $974.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Robert W. Baird upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective on the stock in a report on Tuesday, January 14th. 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 report on Monday, February 3rd. Citigroup reduced their price objective on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. raised their price objective on United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $829.00.

United Rentals Stock Up 0.4 %

United Rentals stock opened at $628.63 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The stock has a market capitalization of $41.05 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 1.43 and a beta of 1.76. United Rentals, Inc. has a 1-year low of $585.27 and a 1-year high of $896.98. The business has a fifty day moving average price of $711.17 and a 200-day moving average price of $764.91.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share 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%. Equities research analysts forecast 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. Stockholders of record on Wednesday, February 12th were given a $1.79 dividend. This is a boost from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date was Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.14%. United Rentals’s dividend payout ratio (DPR) is presently 18.48%.

Insider Transactions at United Rentals

In other news, CFO William E. Grace sold 1,100 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now owns 6,880 shares of the company’s stock, valued at $4,390,128. This trade represents a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.53% of the company’s stock.

About United Rentals

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.