SVB Wealth LLC Makes New $5.38 Million Investment in United Rentals, Inc. (NYSE:URI)

SVB Wealth LLC acquired a new stake in shares of United Rentals, Inc. (NYSE:URI) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 7,641 shares of the construction company’s stock, valued at approximately $5,383,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. J.W. Cole Advisors Inc. acquired a new stake in United Rentals in the 3rd quarter worth approximately $220,000. Strategic Blueprint LLC purchased a new position in shares of United Rentals in the third quarter worth $240,000. HM Payson & Co. acquired a new stake in shares of United Rentals during the third quarter worth $41,000. US Bancorp DE lifted its stake in shares of United Rentals by 0.5% during the third quarter. US Bancorp DE now owns 20,859 shares of the construction company’s stock worth $16,890,000 after buying an additional 114 shares during the period. Finally, Americana Partners LLC grew its holdings in shares of United Rentals by 17.0% during the third quarter. Americana Partners LLC now owns 703 shares of the construction company’s stock valued at $569,000 after buying an additional 102 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, CFO William E. Grace sold 1,100 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $638.10, for a total transaction of $701,910.00. Following the completion of the sale, the chief financial officer now owns 6,880 shares of the company’s stock, valued at $4,390,128. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. raised their target price on United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Argus raised 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. Robert W. Baird upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price on the stock in a research report on Tuesday, January 14th. Morgan Stanley reduced 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 research report on Monday, February 3rd. Finally, Citigroup dropped their price objective on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $829.00.

United Rentals Price Performance

NYSE:URI opened at $642.49 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a 52 week low of $596.48 and a 52 week high of $896.98. The stock’s 50-day moving average price is $721.43 and its 200-day moving average price is $768.19. The stock has a market capitalization of $41.96 billion, a PE ratio of 16.58, a price-to-earnings-growth ratio of 1.43 and a beta of 1.68.

United Rentals (NYSE:URI) last issued its quarterly earnings data 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 net margin of 16.78% and a return on equity of 34.21%. As a group, equities analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a dividend of $1.79 per share. The ex-dividend date was Wednesday, February 12th. This is a boost from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a yield of 1.11%. United Rentals’s dividend payout ratio is currently 18.48%.

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.