United Rentals, Inc. $URI Shares Sold by Central Bank & Trust Co.

Central Bank & Trust Co. cut its stake in United Rentals, Inc. (NYSE:URI) by 9.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,137 shares of the construction company’s stock after selling 997 shares during the quarter. United Rentals makes up approximately 1.5% of Central Bank & Trust Co.’s investment portfolio, making the stock its 16th largest position. Central Bank & Trust Co.’s holdings in United Rentals were worth $9,677,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in shares of United Rentals during the 2nd quarter valued at approximately $776,102,000. JPMorgan Chase & Co. boosted its holdings in United Rentals by 71.3% during the second quarter. JPMorgan Chase & Co. now owns 1,874,127 shares of the construction company’s stock worth $1,411,968,000 after buying an additional 780,322 shares in the last quarter. Boston Partners grew its position in United Rentals by 74.5% during the second quarter. Boston Partners now owns 715,250 shares of the construction company’s stock valued at $542,526,000 after buying an additional 305,378 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in United Rentals in the second quarter valued at $152,069,000. Finally, The Manufacturers Life Insurance Company raised its position in shares of United Rentals by 28.8% in the first quarter. The Manufacturers Life Insurance Company now owns 849,786 shares of the construction company’s stock worth $532,561,000 after acquiring an additional 190,007 shares during the period. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Stock Up 1.4%

NYSE URI opened at $811.98 on Friday. The business has a fifty day moving average price of $856.10 and a 200 day moving average price of $859.02. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.84 and a current ratio of 0.90. The company has a market cap of $51.67 billion, a P/E ratio of 20.88, a P/E/G ratio of 1.82 and a beta of 1.68. 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 released its earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 31.30% and a net margin of 15.83%.United Rentals’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company earned $11.80 EPS. Research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were issued a $1.79 dividend. The ex-dividend date 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%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on URI shares. Baird R W upgraded United Rentals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. JPMorgan Chase & Co. raised their price objective on United Rentals from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a report on Monday, September 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of United Rentals in a research note on Wednesday, October 8th. KeyCorp reiterated an “overweight” rating on shares of United Rentals in a research report on Wednesday, December 3rd. Finally, BNP Paribas set a $900.00 price target on shares of United Rentals and gave the stock a “neutral” rating in a report on Tuesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $954.83.

United Rentals Company Profile

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.