Mutual of America Capital Management LLC Has $5.22 Million Stock Holdings in United Rentals, Inc. (NYSE:URI)

Mutual of America Capital Management LLC decreased its position in shares of United Rentals, Inc. (NYSE:URI) by 5.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 9,107 shares of the construction company’s stock after selling 484 shares during the period. Mutual of America Capital Management LLC’s holdings in United Rentals were worth $5,222,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in URI. OFI Invest Asset Management acquired a new stake in shares of United Rentals during the 3rd quarter worth approximately $25,000. MUFG Americas Holdings Corp boosted its position in shares of United Rentals by 1,900.0% during the 3rd quarter. MUFG Americas Holdings Corp now owns 100 shares of the construction company’s stock worth $27,000 after acquiring an additional 95 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of United Rentals during the 2nd quarter worth approximately $27,000. AdvisorNet Financial Inc boosted its position in shares of United Rentals by 71.4% during the 4th quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock worth $28,000 after acquiring an additional 20 shares in the last quarter. Finally, NBC Securities Inc. acquired a new stake in shares of United Rentals during the 3rd quarter worth approximately $29,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of NYSE URI opened at $674.81 on Monday. United Rentals, Inc. has a twelve month low of $325.15 and a twelve month high of $732.37. The firm has a fifty day simple moving average of $680.53 and a 200 day simple moving average of $565.11. The company has a market capitalization of $45.33 billion, a PE ratio of 19.09, a P/E/G ratio of 2.34 and a beta of 1.84. The company has a quick ratio of 0.75, a current ratio of 0.81 and a debt-to-equity ratio of 1.24.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, January 24th. The construction company reported $11.26 earnings per share for the quarter, topping analysts’ consensus estimates of $10.85 by $0.41. United Rentals had a net margin of 16.91% and a return on equity of 36.80%. The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter last year, the firm earned $9.74 earnings per share. United Rentals’s quarterly revenue was up 13.1% on a year-over-year basis. On average, sell-side analysts forecast that United Rentals, Inc. will post 43.05 EPS for the current year.

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Tuesday, February 13th. This is an increase from United Rentals’s previous quarterly dividend of $1.48. United Rentals’s dividend payout ratio (DPR) is currently 18.44%.

United Rentals announced that its board has approved a share repurchase program on Wednesday, January 24th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the construction company to purchase up to 3.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

Several equities analysts recently commented on URI shares. Morgan Stanley started coverage on shares of United Rentals in a research note on Monday, January 8th. They issued an “equal weight” rating and a $500.00 price objective for the company. Barclays increased their price objective on shares of United Rentals from $325.00 to $400.00 and gave the company an “underweight” rating in a research note on Friday, January 26th. The Goldman Sachs Group increased their price objective on shares of United Rentals from $510.00 to $718.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Robert W. Baird increased their price objective on shares of United Rentals from $322.00 to $559.00 and gave the company an “underperform” rating in a research note on Friday, January 26th. Finally, Stifel Nicolaus increased their price objective on shares of United Rentals from $494.00 to $591.00 and gave the company a “buy” rating in a research note on Tuesday, December 19th. Three analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, United Rentals has a consensus rating of “Hold” and a consensus target price of $584.07.

Insider Buying and Selling

In related news, CFO William E. Grace sold 775 shares of United Rentals stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $655.62, for a total transaction of $508,105.50. Following the completion of the transaction, the chief financial officer now owns 6,323 shares of the company’s stock, valued at $4,145,485.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.49% of the stock is 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.