Caldwell Trust Co Buys Shares of 2,691 United Rentals, Inc. $URI

Caldwell Trust Co bought a new stake in United Rentals, Inc. (NYSE:URI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,691 shares of the construction company’s stock, valued at approximately $2,027,000.

Several other hedge funds have also recently modified their holdings of URI. Loomis Sayles & Co. L P purchased a new position in United Rentals during the 2nd quarter worth $28,000. Maseco LLP purchased a new stake in shares of United Rentals in the second quarter valued at about $32,000. Flaharty Asset Management LLC acquired a new position in shares of United Rentals during the first quarter worth about $30,000. Trust Co. of Toledo NA OH purchased a new position in United Rentals during the second quarter worth about $38,000. Finally, Hantz Financial Services Inc. lifted its position in United Rentals by 103.7% in the second quarter. Hantz Financial Services Inc. now owns 55 shares of the construction company’s stock valued at $42,000 after purchasing an additional 28 shares during the period. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Trading Down 1.9%

NYSE:URI opened at $818.41 on Monday. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $1,021.47. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.40. The stock has a fifty day simple moving average of $873.46 and a 200-day simple moving average of $857.62. The company has a market capitalization of $52.08 billion, a PE ratio of 21.05, a price-to-earnings-growth ratio of 1.85 and a beta of 1.68.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share for the quarter, missing the consensus estimate of $12.43 by ($0.73). The business had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.16 billion. United Rentals had a net margin of 15.83% and a return on equity of 31.30%. The business’s revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $11.80 earnings per share. On average, equities research analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were paid a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $7.16 dividend on an annualized basis and a yield of 0.9%. United Rentals’s dividend payout ratio is presently 18.42%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on URI shares. JPMorgan Chase & Co. boosted their target price on United Rentals from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Monday, September 22nd. Robert W. Baird raised United Rentals from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $888.00 to $1,050.00 in a report on Wednesday, October 1st. Baird R W upgraded United Rentals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. BNP Paribas Exane upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 target price on the stock in a research report on Tuesday, September 16th. Finally, KeyCorp reiterated an “overweight” rating on shares of United Rentals in a report on Wednesday, December 3rd. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $961.72.

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.