Allen Capital Group LLC Raises Stake in United Rentals, Inc. (NYSE:URI)

Allen Capital Group LLC boosted its position in United Rentals, Inc. (NYSE:URI) by 4.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 324 shares of the construction company’s stock after buying an additional 13 shares during the quarter. Allen Capital Group LLC’s holdings in United Rentals were worth $262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of URI. International Assets Investment Management LLC increased its stake in shares of United Rentals by 82,462.2% in the third quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company’s stock worth $1,300,962,000 after buying an additional 1,604,715 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of United Rentals by 4.5% in the second quarter. The Manufacturers Life Insurance Company now owns 637,188 shares of the construction company’s stock valued at $412,089,000 after acquiring an additional 27,708 shares during the period. AMF Tjanstepension AB raised its stake in shares of United Rentals by 77.7% during the second quarter. AMF Tjanstepension AB now owns 457,056 shares of the construction company’s stock valued at $295,626,000 after acquiring an additional 199,810 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of United Rentals by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 438,427 shares of the construction company’s stock worth $355,007,000 after purchasing an additional 5,325 shares during the period. Finally, Hsbc Holdings PLC grew its stake in shares of United Rentals by 5.7% in the second quarter. Hsbc Holdings PLC now owns 382,536 shares of the construction company’s stock worth $247,001,000 after purchasing an additional 20,481 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Insider Buying and Selling at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $823.24, for a total transaction of $740,916.00. Following the sale, the senior vice president now owns 2,044 shares in the company, valued at $1,682,702.56. This represents a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.53% of the company’s stock.

United Rentals Price Performance

Shares of NYSE URI opened at $849.03 on Friday. United Rentals, Inc. has a fifty-two week low of $454.71 and a fifty-two week high of $896.98. The company has a 50 day simple moving average of $819.40 and a two-hundred day simple moving average of $731.57. The company has a market capitalization of $55.71 billion, a price-to-earnings ratio of 22.17, a P/E/G ratio of 1.97 and a beta of 1.68. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the prior year, the business posted $11.73 EPS. United Rentals’s revenue for the quarter was up 6.0% on a year-over-year basis. Analysts expect that United Rentals, Inc. will post 43.46 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Wednesday, November 13th. United Rentals’s dividend payout ratio is 17.03%.

Analysts Set New Price Targets

URI has been the subject of a number of recent analyst reports. Citigroup increased their price objective on United Rentals from $930.00 to $955.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Barclays raised their price target on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. Bank of America boosted their price objective on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. The Goldman Sachs Group raised their target price on shares of United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. boosted their price target on shares of United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $751.67.

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.