Montag A & Associates Inc. Increases Stake in United Rentals, Inc. (NYSE:URI)

Montag A & Associates Inc. raised its holdings in shares of United Rentals, Inc. (NYSE:URIFree Report) by 2.8% during the third quarter, HoldingsChannel reports. The firm owned 11,157 shares of the construction company’s stock after purchasing an additional 306 shares during the period. Montag A & Associates Inc.’s holdings in United Rentals were worth $4,960,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new position in shares of United Rentals in the third quarter valued at about $25,000. MUFG Americas Holdings Corp increased its holdings in United Rentals by 1,900.0% in the 3rd quarter. MUFG Americas Holdings Corp now owns 100 shares of the construction company’s stock worth $27,000 after buying an additional 95 shares during the period. Eagle Bay Advisors LLC purchased a new position in United Rentals during the 2nd quarter worth approximately $27,000. NBC Securities Inc. acquired a new stake in shares of United Rentals in the third quarter worth $29,000. Finally, DHJJ Financial Advisors Ltd. purchased a new stake in United Rentals in the third quarter valued at $31,000. 89.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on URI. Morgan Stanley started coverage on United Rentals in a report on Monday, January 8th. They issued an “equal weight” rating and a $500.00 price objective for the company. KeyCorp lowered United Rentals from an “overweight” rating to a “sector weight” rating in a research report on Monday, December 4th. Wells Fargo & Company lifted their target price on shares of United Rentals from $630.00 to $710.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Barclays increased their price target on shares of United Rentals from $325.00 to $400.00 and gave the stock an “underweight” rating in a report on Friday, January 26th. Finally, Stifel Nicolaus upped their price objective on shares of United Rentals from $494.00 to $591.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $542.31.

View Our Latest Stock Analysis on URI

United Rentals Trading Up 2.0 %

Shares of URI traded up $13.18 during mid-day trading on Monday, reaching $663.53. The stock had a trading volume of 515,027 shares, compared to its average volume of 677,251. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.81 and a quick ratio of 0.75. The business’s fifty day moving average is $573.14 and its 200 day moving average is $494.71. United Rentals, Inc. has a 52-week low of $325.15 and a 52-week high of $673.68. The firm has a market cap of $44.58 billion, a price-to-earnings ratio of 18.40, a P/E/G ratio of 2.43 and a beta of 1.84.

United Rentals (NYSE:URIGet Free Report) last announced its quarterly earnings data on Wednesday, January 24th. The construction company reported $11.26 earnings per share for the quarter, beating analysts’ consensus estimates of $10.85 by $0.41. United Rentals had a net margin of 16.91% and a return on equity of 36.80%. The firm had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.63 billion. During the same quarter in the previous year, the business posted $9.74 earnings per share. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. On average, sell-side analysts predict that United Rentals, Inc. will post 42.84 EPS for the current fiscal year.

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.98%. This is a boost from United Rentals’s previous quarterly dividend of $1.48. The ex-dividend date of this dividend is Tuesday, February 13th. United Rentals’s dividend payout ratio is presently 16.75%.

United Rentals announced that its Board of Directors has approved a stock buyback plan on Wednesday, January 24th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the construction company to reacquire up to 3.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

About United Rentals

(Free Report)

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.

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Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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