United Rentals, Inc. $URI Position Trimmed by Acropolis Investment Management LLC

Acropolis Investment Management LLC lowered its stake in United Rentals, Inc. (NYSE:URI) by 23.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,404 shares of the construction company’s stock after selling 727 shares during the period. Acropolis Investment Management LLC’s holdings in United Rentals were worth $2,295,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of United Rentals by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 7,494,303 shares of the construction company’s stock worth $5,646,208,000 after acquiring an additional 72,267 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of United Rentals by 71.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,874,127 shares of the construction company’s stock valued at $1,411,968,000 after purchasing an additional 780,322 shares during the period. Franklin Resources Inc. boosted its position in shares of United Rentals by 6.1% in the 2nd quarter. Franklin Resources Inc. now owns 1,231,108 shares of the construction company’s stock valued at $927,517,000 after purchasing an additional 70,870 shares during the period. Alliancebernstein L.P. increased its stake in United Rentals by 3.7% in the 2nd quarter. Alliancebernstein L.P. now owns 1,030,232 shares of the construction company’s stock worth $776,177,000 after purchasing an additional 36,991 shares in the last quarter. Finally, Norges Bank acquired a new stake in United Rentals during the 2nd quarter worth about $776,102,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analyst Ratings Changes

URI has been the subject of several recent analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of United Rentals in a report on Wednesday, October 8th. UBS Group restated a “neutral” rating and issued a $1,025.00 price target on shares of United Rentals in a research report on Tuesday, October 28th. Barclays lowered 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 report on Monday, October 20th. Sanford C. Bernstein set a $1,128.00 target price on United Rentals and gave the company an “outperform” rating in a report on Tuesday, September 23rd. Finally, BNP Paribas set a $900.00 target price on United Rentals and gave the stock a “neutral” rating in a research report on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, United Rentals has a consensus rating of “Moderate Buy” and a consensus price target of $961.72.

United Rentals Stock Down 3.3%

Shares of United Rentals stock opened at $791.28 on Thursday. The firm has a market cap of $50.35 billion, a price-to-earnings ratio of 20.35, a P/E/G ratio of 1.85 and a beta of 1.68. The stock has a 50-day simple moving average of $862.48 and a 200-day simple moving average of $858.59. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $1,021.47. 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 (NYSE:URI) last released its quarterly earnings data on Wednesday, October 22nd. The construction company reported $11.70 EPS for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). The firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.16 billion. United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $11.80 EPS. On average, equities research analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

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

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.