Montag A & Associates Inc. Sells 213 Shares of United Rentals, Inc. (NYSE:URI)

Montag A & Associates Inc. cut its stake in United Rentals, Inc. (NYSE:URI) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,102 shares of the construction company’s stock after selling 213 shares during the period. Montag A & Associates Inc.’s holdings in United Rentals were worth $8,525,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mayflower Financial Advisors LLC grew its stake in United Rentals by 4.0% during the third quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock worth $274,000 after buying an additional 13 shares during the last quarter. Allen Capital Group LLC grew its position in United Rentals by 4.2% during the 3rd quarter. Allen Capital Group LLC now owns 324 shares of the construction company’s stock worth $262,000 after acquiring an additional 13 shares during the last quarter. First County Bank CT increased its holdings in United Rentals by 3.2% during the 3rd quarter. First County Bank CT now owns 422 shares of the construction company’s stock valued at $342,000 after purchasing an additional 13 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in United Rentals by 3.2% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 453 shares of the construction company’s stock valued at $367,000 after purchasing an additional 14 shares during the last quarter. Finally, Adell Harriman & Carpenter Inc. boosted its stake in United Rentals by 1.8% in the fourth quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company’s stock worth $573,000 after purchasing an additional 14 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

URI has been the subject of a number of research analyst reports. Argus lifted their price target on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price for the company in a research note on Tuesday, January 14th. Citigroup decreased their price target on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. JPMorgan Chase & Co. boosted their price objective on shares of United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, Morgan Stanley decreased their price objective on United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, United Rentals has a consensus rating of “Moderate Buy” and a consensus price target of $814.08.

United Rentals Stock Up 1.6 %

NYSE:URI opened at $741.10 on Friday. 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, Inc. has a 12-month low of $596.48 and a 12-month high of $896.98. The stock’s fifty day simple moving average is $740.77 and its 200-day simple moving average is $769.76. The firm has a market capitalization of $48.40 billion, a P/E ratio of 19.13, a P/E/G ratio of 1.54 and a beta of 1.68.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) 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 expect that United Rentals, Inc. will post 44.93 earnings per share for the current year.

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be paid a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Wednesday, February 12th. This is an increase from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio is presently 16.83%.

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.