TrinityPoint Wealth LLC Cuts Holdings in United Rentals, Inc. (NYSE:URI)

TrinityPoint Wealth LLC lessened its stake in United Rentals, Inc. (NYSE:URI) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,320 shares of the construction company’s stock after selling 16 shares during the period. TrinityPoint Wealth LLC’s holdings in United Rentals were worth $2,339,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of URI. JPMorgan Chase & Co. grew its stake in United Rentals by 15.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company’s stock worth $637,968,000 after buying an additional 105,287 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in United Rentals by 74.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 18,156 shares of the construction company’s stock worth $12,790,000 after buying an additional 7,748 shares in the last quarter. Park Avenue Securities LLC grew its stake in United Rentals by 30.2% in the 4th quarter. Park Avenue Securities LLC now owns 1,730 shares of the construction company’s stock worth $1,219,000 after buying an additional 401 shares in the last quarter. Procyon Advisors LLC lifted its holdings in shares of United Rentals by 3.0% in the 4th quarter. Procyon Advisors LLC now owns 763 shares of the construction company’s stock worth $537,000 after acquiring an additional 22 shares during the last quarter. Finally, Avanza Fonder AB bought a new stake in shares of United Rentals in the 4th quarter worth approximately $3,688,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Trading Up 1.9%

NYSE:URI opened at $726.59 on Friday. The company has a fifty day moving average of $626.76 and a 200 day moving average of $710.24. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $896.98. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $47.23 billion, a P/E ratio of 18.75, a P/E/G ratio of 1.43 and a beta of 1.70.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing the consensus estimate of $8.92 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter last year, the company posted $9.15 earnings per share. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, research analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be issued a $1.79 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $7.16 annualized dividend and a yield of 0.99%. United Rentals’s dividend payout ratio (DPR) is presently 18.54%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Bank of America lowered their price objective on shares of United Rentals from $850.00 to $750.00 and set a “buy” rating for the company in a report on Friday, March 21st. Robert W. Baird boosted their price objective on shares of United Rentals from $535.00 to $571.00 and gave the stock a “neutral” rating in a report on Friday, April 25th. Sanford C. Bernstein upgraded shares of United Rentals from an “underperform” rating to a “market perform” rating and lowered their price objective for the stock from $705.00 to $666.00 in a report on Tuesday, March 25th. Citigroup lowered their price objective on shares of United Rentals from $720.00 to $650.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, Cfra Research upgraded shares of United Rentals to a “strong-buy” rating in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $748.38.

Insiders Place Their Bets

In related news, VP Andrew B. Limoges sold 708 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $705.86, for a total value of $499,748.88. Following the completion of the transaction, the vice president now directly owns 1,921 shares in the company, valued at $1,355,957.06. This trade represents a 26.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO William E. Grace sold 1,100 shares of the 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 completion of the transaction, the chief financial officer now owns 6,880 shares of the company’s stock, valued at approximately $4,390,128. The trade was a 13.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,908 shares of company stock worth $1,890,567. 0.53% of the stock is currently owned by corporate insiders.

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.