Great Lakes Retirement Inc. Has $2.05 Million Holdings in United Rentals, Inc. (NYSE:URI)

Great Lakes Retirement Inc. trimmed its holdings in shares of United Rentals, Inc. (NYSE:URI) by 81.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,909 shares of the construction company’s stock after selling 12,588 shares during the quarter. Great Lakes Retirement Inc.’s holdings in United Rentals were worth $2,049,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. ORG Wealth Partners LLC acquired a new position in shares of United Rentals during the 4th quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in United Rentals during the third quarter worth approximately $31,000. Carmichael Hill & Associates Inc. grew its holdings in United Rentals by 80.0% during the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock valued at $36,000 after purchasing an additional 20 shares during the last quarter. Hanson & Doremus Investment Management bought a new position in shares of United Rentals in the fourth quarter valued at approximately $33,000. Finally, HM Payson & Co. acquired a new stake in shares of United Rentals in the third quarter worth $41,000. 96.26% of the stock is currently owned by institutional investors.

United Rentals Price Performance

Shares of URI stock opened at $753.65 on Wednesday. United Rentals, Inc. has a 12 month low of $596.48 and a 12 month high of $896.98. The company has a market capitalization of $49.22 billion, a P/E ratio of 19.45, a P/E/G ratio of 1.54 and a beta of 1.68. The stock has a 50 day moving average of $748.32 and a two-hundred day moving average of $770.09. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. As a group, equities analysts expect that United Rentals, Inc. will post 44.93 EPS for the current year.

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be given a dividend of $1.79 per share. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Wednesday, February 12th. United Rentals’s payout ratio is 16.83%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Barclays raised their target price on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. raised their price target on United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Argus lifted their price objective on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Morgan Stanley decreased their target price on United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Finally, Bank of America raised their target price on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $814.08.

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.