909 Shares in United Rentals, Inc. $URI Purchased by Krilogy Financial LLC

Krilogy Financial LLC purchased a new position in shares of United Rentals, Inc. (NYSE:URI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 909 shares of the construction company’s stock, valued at approximately $868,000.

Other large investors also recently modified their holdings of the company. Advisors Asset Management Inc. boosted its stake in United Rentals by 6.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 11,630 shares of the construction company’s stock valued at $11,103,000 after buying an additional 719 shares in the last quarter. Signet Investment Advisory Group Inc. acquired a new stake in shares of United Rentals in the 3rd quarter valued at $215,000. Stratos Wealth Partners LTD. grew its holdings in shares of United Rentals by 1.5% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 11,426 shares of the construction company’s stock worth $10,908,000 after purchasing an additional 172 shares during the last quarter. Stratos Wealth Advisors LLC increased its position in shares of United Rentals by 10.7% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 857 shares of the construction company’s stock worth $819,000 after purchasing an additional 83 shares in the last quarter. Finally, Jensen Investment Management Inc. increased its position in shares of United Rentals by 11.2% during the 3rd quarter. Jensen Investment Management Inc. now owns 2,980 shares of the construction company’s stock worth $2,845,000 after purchasing an additional 300 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors.

United Rentals Stock Down 0.1%

Shares of URI opened at $868.85 on Friday. The business’s fifty day moving average price is $858.47 and its two-hundred day moving average price is $889.17. The firm has a market capitalization of $54.74 billion, a price-to-earnings ratio of 22.46, a PEG ratio of 1.39 and a beta of 1.70. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $1,021.47. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.88 and a current ratio of 0.94.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, January 28th. The construction company reported $11.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.86 by ($0.77). The firm had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.24 billion. United Rentals had a net margin of 15.49% and a return on equity of 30.35%. The company’s revenue was up 2.8% compared to the same quarter last year. During the same period last year, the company earned $11.59 EPS. On average, analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals announced that its Board of Directors has approved a share repurchase program on Wednesday, January 28th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the construction company to repurchase up to 8.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 11th will be paid a $1.97 dividend. This is a boost from United Rentals’s previous quarterly dividend of $1.79. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $7.88 annualized dividend and a dividend yield of 0.9%. United Rentals’s payout ratio is 20.37%.

Insider Activity at United Rentals

In other news, EVP William E. Grace sold 1,498 shares of United Rentals stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $790.89, for a total transaction of $1,184,753.22. Following the completion of the sale, the executive vice president owned 6,872 shares in the company, valued at $5,434,996.08. The trade was a 17.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael D. Durand sold 2,490 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $791.14, for a total transaction of $1,969,938.60. Following the completion of the transaction, the executive vice president owned 7,458 shares in the company, valued at $5,900,322.12. This represents a 25.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.53% of the stock is owned by insiders.

Analyst Ratings Changes

URI has been the topic of several research analyst reports. Wells Fargo & Company upped their price objective on shares of United Rentals from $995.00 to $1,071.00 and gave the stock an “overweight” rating in a research note on Friday, January 23rd. Sanford C. Bernstein set a $965.00 target price on United Rentals in a report on Friday, January 30th. UBS Group upgraded United Rentals from a “neutral” rating to a “buy” rating and set a $1,025.00 price target on the stock in a research report on Sunday, January 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of United Rentals in a report on Wednesday, January 21st. Finally, Barclays decreased their target price on United Rentals from $620.00 to $600.00 and set an “underweight” rating on the stock in a report on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, United Rentals presently has an average rating of “Moderate Buy” and a consensus price target of $925.59.

About United Rentals

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.