United Rentals, Inc. (NYSE:URI) Shares Purchased by Glenview Trust co

Glenview Trust co raised its position in United Rentals, Inc. (NYSE:URI) by 15.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,214 shares of the construction company’s stock after acquiring an additional 1,883 shares during the quarter. Glenview Trust co’s holdings in United Rentals were worth $10,013,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in URI. GSA Capital Partners LLP lifted its holdings in United Rentals by 54.2% in the 3rd quarter. GSA Capital Partners LLP now owns 589 shares of the construction company’s stock worth $477,000 after buying an additional 207 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of United Rentals by 10.1% in the third quarter. Oppenheimer Asset Management Inc. now owns 5,497 shares of the construction company’s stock worth $4,451,000 after acquiring an additional 503 shares in the last quarter. Huntington National Bank lifted its stake in shares of United Rentals by 16.8% in the third quarter. Huntington National Bank now owns 354 shares of the construction company’s stock worth $287,000 after acquiring an additional 51 shares in the last quarter. KBC Group NV boosted its holdings in United Rentals by 2.2% in the third quarter. KBC Group NV now owns 13,550 shares of the construction company’s stock valued at $10,971,000 after purchasing an additional 297 shares during the last quarter. Finally, Metis Global Partners LLC grew its stake in United Rentals by 4.5% during the 3rd quarter. Metis Global Partners LLC now owns 2,685 shares of the construction company’s stock valued at $2,174,000 after purchasing an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Stock Up 4.9 %

Shares of United Rentals stock opened at $623.35 on Friday. The stock has a market capitalization of $40.71 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 1.43 and a beta of 1.76. United Rentals, Inc. has a twelve month low of $585.27 and a twelve month high of $896.98. 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 business’s 50 day simple moving average is $701.71 and its 200-day simple moving average is $760.44.

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 return on equity of 34.21% and a net margin of 16.78%. Equities research analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The company also recently announced 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. This represents a $7.16 dividend on an annualized basis and a yield of 1.15%. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date was Wednesday, February 12th. United Rentals’s payout ratio is presently 18.48%.

Analyst Ratings Changes

A number of brokerages have issued reports on URI. Argus upped their target price on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Citigroup reduced their price objective on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price for the company in a research report on Tuesday, January 14th. Evercore ISI reduced their price target 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. Finally, Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, United Rentals currently has an average rating of “Moderate Buy” and an average price target of $829.00.

Insiders Place Their Bets

In other news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the sale, the chief financial officer now owns 6,880 shares of the company’s stock, valued at approximately $4,390,128. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.53% of the stock is owned by insiders.

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.