Gradient Investments LLC Has $39.15 Million Stock Holdings in United Rentals, Inc. $URI

Gradient Investments LLC raised its position in shares of United Rentals, Inc. (NYSE:URI) by 1.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,009 shares of the construction company’s stock after purchasing an additional 733 shares during the period. Gradient Investments LLC owned approximately 0.06% of United Rentals worth $39,150,000 at the end of the most recent reporting period.

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

United Rentals Stock Performance

Shares of URI stock opened at $817.75 on Wednesday. The stock has a market capitalization of $52.03 billion, a PE ratio of 21.03, a PEG ratio of 1.84 and a beta of 1.68. The business’s 50 day simple moving average is $866.55 and its 200 day simple moving average is $859.06. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.90 and a quick ratio of 0.84. United Rentals, Inc. has a one year low of $525.91 and a one year high of $1,021.47.

United Rentals (NYSE:URI) last posted its quarterly earnings data 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). United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same period last year, the business posted $11.80 earnings per share. The business’s revenue was up 5.9% on a year-over-year basis. As a group, research analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

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

Wall Street Analysts Forecast Growth

URI has been the topic of several research reports. JPMorgan Chase & Co. lifted their price target on shares of United Rentals from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a report on Monday, September 22nd. KeyCorp restated an “overweight” rating on shares of United Rentals in a research report on Wednesday, December 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of United Rentals in a research note on Wednesday, October 8th. Wells Fargo & Company initiated coverage on shares of United Rentals in a report on Thursday, November 13th. They set an “overweight” rating and a $995.00 price target for the company. Finally, Baird R W raised United Rentals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $961.72.

United Rentals Company 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.