Bleakley Financial Group LLC Grows Stock Position in United Rentals, Inc. (NYSE:URI)

Bleakley Financial Group LLC grew its position in shares of United Rentals, Inc. (NYSE:URI) by 8.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,352 shares of the construction company’s stock after purchasing an additional 180 shares during the period. Bleakley Financial Group LLC’s holdings in United Rentals were worth $1,657,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. ORG Wealth Partners LLC purchased a new stake in United Rentals during the 4th quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of United Rentals in the third quarter worth about $31,000. Carmichael Hill & Associates Inc. boosted its holdings in United Rentals by 80.0% in 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 purchased a new stake in United Rentals during the 4th quarter worth approximately $33,000. Finally, HM Payson & Co. acquired a new position in shares of United Rentals in the 3rd quarter valued at approximately $41,000. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Price Performance

NYSE URI opened at $740.69 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The company has a fifty day simple moving average of $752.83 and a 200 day simple moving average of $769.57. The company has a market cap of $48.37 billion, a P/E ratio of 19.11, a P/E/G ratio of 1.52 and a beta of 1.68. United Rentals, Inc. has a 1 year low of $596.48 and a 1 year high of $896.98.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share 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%. On average, sell-side analysts predict that United Rentals, Inc. will post 46.09 EPS for the current year.

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be issued a dividend of $1.79 per share. This is a boost from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Wednesday, February 12th. United Rentals’s payout ratio is currently 18.48%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on URI shares. Bank of America raised their price target on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Argus boosted their target price on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Morgan Stanley reduced their price target on shares of 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. JPMorgan Chase & Co. upped their price objective on United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, Citigroup lowered their price target on United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $814.08.

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.