United Rentals, Inc. $URI Shares Purchased by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division grew its stake in shares of United Rentals, Inc. (NYSE:URI) by 408.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 996 shares of the construction company’s stock after acquiring an additional 800 shares during the period. Central Pacific Bank Trust Division’s holdings in United Rentals were worth $951,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CreativeOne Wealth LLC lifted its position in shares of United Rentals by 0.5% during the second quarter. CreativeOne Wealth LLC now owns 2,283 shares of the construction company’s stock worth $1,720,000 after purchasing an additional 11 shares during the last quarter. Great Valley Advisor Group Inc. raised its stake in United Rentals by 2.9% during the second quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company’s stock valued at $292,000 after buying an additional 11 shares in the last quarter. Bank of Jackson Hole Trust lifted its holdings in United Rentals by 12.0% during the 2nd quarter. Bank of Jackson Hole Trust now owns 112 shares of the construction company’s stock worth $84,000 after buying an additional 12 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of United Rentals by 5.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the construction company’s stock worth $199,000 after acquiring an additional 13 shares in the last quarter. Finally, Cooper Financial Group increased its holdings in shares of United Rentals by 1.6% in the 2nd quarter. Cooper Financial Group now owns 807 shares of the construction company’s stock valued at $608,000 after acquiring an additional 13 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Up 0.9%

URI stock opened at $817.75 on Wednesday. The stock has a market cap of $52.03 billion, a PE ratio of 21.03, a price-to-earnings-growth ratio of 1.84 and a beta of 1.68. The firm’s 50-day simple moving average is $866.55 and its 200 day simple moving average is $859.06. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two 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.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, October 22nd. The construction company reported $11.70 EPS for the quarter, missing the consensus estimate of $12.43 by ($0.73). The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.16 billion. United Rentals had a return on equity of 31.30% and a net margin of 15.83%.United Rentals’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the company posted $11.80 EPS. As a group, sell-side analysts predict that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were given a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 0.9%. The ex-dividend date was Wednesday, November 12th. United Rentals’s dividend payout ratio (DPR) is currently 18.42%.

Analysts Set New Price Targets

URI has been the topic of several research analyst reports. Citigroup reduced their price objective on United Rentals from $1,140.00 to $950.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. JPMorgan Chase & Co. increased their target price on shares of United Rentals from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Monday, September 22nd. Royal Bank Of Canada set a $1,123.00 price target on shares of United Rentals in a report on Friday, October 24th. Barclays dropped their price objective on shares of United Rentals from $620.00 to $600.00 and set an “underweight” rating on the stock in a research note on Monday, October 20th. Finally, Sanford C. Bernstein set a $1,128.00 target price on shares of United Rentals and gave the stock an “outperform” rating in a report on Tuesday, September 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, United Rentals presently has an average rating of “Moderate Buy” and an average price target of $961.72.

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.