United Rentals, Inc. (NYSE:URI) Shares Acquired by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC lifted its position in shares of United Rentals, Inc. (NYSE:URI) by 0.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,939 shares of the construction company’s stock after buying an additional 25 shares during the quarter. Kingsview Wealth Management LLC’s holdings in United Rentals were worth $2,071,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mayflower Financial Advisors LLC raised its position in United Rentals by 4.0% during the third quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock worth $274,000 after acquiring an additional 13 shares during the last quarter. Allen Capital Group LLC raised its stake in United Rentals by 4.2% in the 3rd quarter. Allen Capital Group LLC now owns 324 shares of the construction company’s stock valued at $262,000 after purchasing an additional 13 shares during the last quarter. First County Bank CT boosted its stake in shares of United Rentals by 3.2% during the 3rd quarter. First County Bank CT now owns 422 shares of the construction company’s stock worth $342,000 after purchasing an additional 13 shares during the last quarter. Concurrent Investment Advisors LLC grew its holdings in shares of United Rentals by 3.2% during the third quarter. Concurrent Investment Advisors LLC now owns 453 shares of the construction company’s stock worth $367,000 after buying an additional 14 shares in the last quarter. Finally, Resonant Capital Advisors LLC grew its holdings in shares of United Rentals by 3.3% during the third quarter. Resonant Capital Advisors LLC now owns 474 shares of the construction company’s stock worth $384,000 after buying an additional 15 shares in the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Price Performance

United Rentals stock opened at $747.16 on Tuesday. The firm has a fifty day moving average of $750.63 and a 200-day moving average of $770.08. United Rentals, Inc. has a 52-week low of $596.48 and a 52-week high of $896.98. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $48.80 billion, a P/E ratio of 19.28, a PEG ratio of 1.54 and a beta of 1.68.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. As a group, analysts predict that United Rentals, Inc. will post 44.93 EPS for the current year.

United Rentals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be issued a dividend of $1.79 per share. This is an increase from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Wednesday, February 12th. United Rentals’s dividend payout ratio (DPR) is presently 16.83%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Citigroup decreased their target price on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Argus lifted their price objective on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Barclays increased their target price on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. upped their price objective on shares of United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, United Rentals has a consensus rating of “Moderate Buy” and a consensus price target of $814.08.

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.