MassMutual Private Wealth & Trust FSB Has $157,000 Position in United Rentals, Inc. (NYSE:URI)

MassMutual Private Wealth & Trust FSB grew its stake in shares of United Rentals, Inc. (NYSE:URI) by 14.1% in the first quarter, Holdings Channel reports. The institutional investor owned 251 shares of the construction company’s stock after purchasing an additional 31 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in United Rentals were worth $157,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in URI. JPMorgan Chase & Co. raised its position in shares of United Rentals by 15.4% during the third quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company’s stock valued at $637,968,000 after buying an additional 105,287 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of United Rentals during the fourth quarter valued at about $16,253,000. Perigon Wealth Management LLC raised its position in United Rentals by 4.7% in the fourth quarter. Perigon Wealth Management LLC now owns 606 shares of the construction company’s stock worth $459,000 after purchasing an additional 27 shares in the last quarter. Cibc World Market Inc. raised its position in United Rentals by 20.5% in the fourth quarter. Cibc World Market Inc. now owns 19,572 shares of the construction company’s stock worth $13,787,000 after purchasing an additional 3,323 shares in the last quarter. Finally, Capital Insight Partners LLC raised its position in United Rentals by 7.0% in the fourth quarter. Capital Insight Partners LLC now owns 1,383 shares of the construction company’s stock worth $974,000 after purchasing an additional 90 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insider Activity

In other news, EVP Michael D. Durand sold 1,100 shares of the stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total transaction of $688,908.00. Following the sale, the executive vice president now directly owns 8,748 shares of the company’s stock, valued at $5,478,697.44. This represents a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Andrew B. Limoges sold 708 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $705.86, for a total transaction of $499,748.88. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.

United Rentals Price Performance

Shares of United Rentals stock opened at $708.89 on Monday. 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 stock has a market capitalization of $46.08 billion, a price-to-earnings ratio of 18.29, a P/E/G ratio of 1.43 and a beta of 1.70. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $896.98. The firm’s 50-day moving average price is $643.68 and its two-hundred day moving average price is $700.03.

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

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were paid a dividend of $1.79 per share. The ex-dividend date was Wednesday, May 14th. This represents a $7.16 annualized dividend and a dividend yield of 1.01%. United Rentals’s dividend payout ratio (DPR) is currently 18.54%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on URI. Citigroup dropped their price target on shares of United Rentals from $720.00 to $650.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. increased their price target on shares of United Rentals from $780.00 to $920.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 21st. Sanford C. Bernstein raised shares of United Rentals from an “underperform” rating to a “market perform” rating and dropped their price target for the stock from $705.00 to $666.00 in a research report on Tuesday, March 25th. UBS Group raised shares of United Rentals from a “sell” rating to a “neutral” rating and increased their price target for the stock from $485.00 to $780.00 in a research report on Friday, May 16th. Finally, Morgan Stanley raised shares of United Rentals from an “equal weight” rating to an “overweight” rating and set a $702.00 price target for the company in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $753.15.

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.