Denali Advisors LLC Sells 30 Shares of United Rentals, Inc. (NYSE:URI)

Denali Advisors LLC trimmed its position in United Rentals, Inc. (NYSE:URI) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,542 shares of the construction company’s stock after selling 30 shares during the quarter. Denali Advisors LLC’s holdings in United Rentals were worth $1,791,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in URI. Mayflower Financial Advisors LLC lifted its position in shares of United Rentals by 4.0% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock worth $274,000 after purchasing an additional 13 shares during the period. First County Bank CT lifted its holdings in United Rentals by 3.2% during the third quarter. First County Bank CT now owns 422 shares of the construction company’s stock worth $342,000 after buying an additional 13 shares during the period. Allen Capital Group LLC boosted its position in United Rentals by 4.2% during the 3rd quarter. Allen Capital Group LLC now owns 324 shares of the construction company’s stock valued at $262,000 after acquiring an additional 13 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of United Rentals by 3.2% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 453 shares of the construction company’s stock valued at $367,000 after acquiring an additional 14 shares during the period. Finally, Adell Harriman & Carpenter Inc. raised its position in shares of United Rentals by 1.8% in the 4th quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company’s stock worth $573,000 after acquiring an additional 14 shares in the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Stock Up 0.6 %

United Rentals stock opened at $642.29 on Thursday. The business’s 50-day simple moving average is $724.58 and its two-hundred day simple moving average is $769.00. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. The company has a market cap of $41.95 billion, a PE ratio of 16.58, a PEG ratio of 1.43 and a beta of 1.68. United Rentals, Inc. has a fifty-two week low of $596.48 and a fifty-two week high of $896.98.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing analysts’ consensus estimates of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. Equities analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Wednesday, February 12th. This is a boost from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio (DPR) is 18.48%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on URI. Morgan Stanley dropped their price objective on United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. Evercore ISI cut their price objective on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. Citigroup decreased their target price on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research 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. Finally, Argus increased their price objective on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, United Rentals presently has a consensus rating of “Moderate Buy” and a consensus target price of $829.00.

Insider Activity at United Rentals

In other United Rentals news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the completion of the transaction, the chief financial officer now owns 6,880 shares in the company, valued at approximately $4,390,128. This trade represents a 13.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.49% of the stock is currently owned by insiders.

About United Rentals

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.