Bank of Jackson Hole Trust Invests $72,000 in United Rentals, Inc. (NYSE:URI)

Bank of Jackson Hole Trust acquired a new position in shares of United Rentals, Inc. (NYSE:URI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 102 shares of the construction company’s stock, valued at approximately $72,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Mayflower Financial Advisors LLC lifted its holdings in shares of United Rentals by 4.0% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock worth $274,000 after acquiring an additional 13 shares during the period. Allen Capital Group LLC lifted its holdings in shares of 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 period. First County Bank CT lifted its holdings in shares of United Rentals by 3.2% during the 3rd quarter. First County Bank CT now owns 422 shares of the construction company’s stock worth $342,000 after acquiring an additional 13 shares during the period. Concurrent Investment Advisors LLC lifted its holdings in United Rentals by 3.2% during 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. lifted its holdings in United Rentals by 1.8% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company’s stock valued at $573,000 after purchasing an additional 14 shares during the last quarter. 96.26% of the stock is owned by institutional investors.

United Rentals Stock Down 1.7 %

Shares of NYSE:URI opened at $708.42 on Thursday. United Rentals, Inc. has a one year low of $596.48 and a one year high of $896.98. The company has a 50 day moving average of $735.61 and a 200-day moving average of $769.95. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The stock has a market cap of $46.27 billion, a price-to-earnings ratio of 18.28, a P/E/G ratio of 1.52 and a beta of 1.68.

United Rentals (NYSE:URI) last issued its quarterly 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%. On average, sell-side analysts forecast that United Rentals, Inc. will post 44.93 earnings per share for the current year.

United Rentals Increases Dividend

The firm also recently declared 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 boost from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date is Wednesday, February 12th. This represents a $7.16 annualized dividend and a dividend yield of 1.01%. United Rentals’s payout ratio is currently 18.48%.

Wall Street Analyst Weigh In

URI has been the subject of several analyst reports. Evercore ISI cut their price target on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a report on Wednesday. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target for the company in a report on Tuesday, January 14th. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Morgan Stanley cut their price target on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. Finally, Citigroup cut their price target on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $829.00.

United Rentals 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.