Fox Run Management L.L.C. Invests $1.66 Million in United Rentals, Inc. (NYSE:URI)

Fox Run Management L.L.C. acquired a new stake in shares of United Rentals, Inc. (NYSE:URI) in the fourth quarter, Holdings Channel reports. The fund acquired 2,353 shares of the construction company’s stock, valued at approximately $1,658,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Rialto Wealth Management LLC bought a new position in shares of United Rentals during the fourth quarter worth about $25,000. ORG Wealth Partners LLC acquired a new stake in shares of United Rentals in the fourth quarter valued at approximately $26,000. Hanson & Doremus Investment Management acquired a new stake in shares of United Rentals in the fourth quarter valued at approximately $33,000. Kestra Investment Management LLC acquired a new position in shares of United Rentals during the fourth quarter worth approximately $34,000. Finally, OFI Invest Asset Management acquired a new position in shares of United Rentals during the fourth quarter worth approximately $36,000. 96.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CFO William E. Grace sold 1,100 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $638.10, for a total value of $701,910.00. Following the completion of the sale, the chief financial officer now owns 6,880 shares in the company, valued at approximately $4,390,128. This represents a 13.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.53% of the company’s stock.

United Rentals Trading Down 0.3 %

United Rentals stock opened at $628.63 on Friday. United Rentals, Inc. has a 1 year low of $585.27 and a 1 year high of $896.98. The firm’s 50 day moving average price is $696.39 and its two-hundred day moving average price is $756.39. The firm has a market cap of $41.05 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, research analysts predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $1.79 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a yield of 1.14%. United Rentals’s dividend payout ratio is currently 18.48%.

Analyst Ratings Changes

Several research firms recently commented on URI. Evercore ISI lowered their target price on 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. Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Bank of America reduced their price objective on shares of United Rentals from $850.00 to $750.00 and set a “buy” rating for the company in a report on Friday. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price on the stock in a research note on Tuesday, January 14th. Finally, 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 note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, United Rentals currently has an average rating of “Moderate Buy” and an average price target of $815.67.

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.