United Rentals, Inc. (NYSE:URI) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in shares of United Rentals, Inc. (NYSE:URI) by 1.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 445,214 shares of the construction company’s stock after acquiring an additional 6,787 shares during the period. Charles Schwab Investment Management Inc. owned about 0.68% of United Rentals worth $313,627,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Farther Finance Advisors LLC boosted its position in shares of United Rentals by 11.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 436 shares of the construction company’s stock valued at $353,000 after purchasing an additional 46 shares during the period. HMS Capital Management LLC purchased a new stake in United Rentals during the third quarter valued at about $232,000. Catalina Capital Group LLC acquired a new position in shares of United Rentals in the third quarter worth about $227,000. Leslie Global Wealth LLC increased its position in shares of United Rentals by 29.3% in the third quarter. Leslie Global Wealth LLC now owns 676 shares of the construction company’s stock worth $547,000 after acquiring an additional 153 shares in the last quarter. Finally, Foster & Motley Inc. raised its holdings in shares of United Rentals by 4.7% during the third quarter. Foster & Motley Inc. now owns 8,229 shares of the construction company’s stock valued at $6,663,000 after acquiring an additional 366 shares during the period. 96.26% of the stock is owned by institutional investors.

United Rentals Stock Up 6.0 %

Shares of URI stock opened at $633.85 on Thursday. The stock has a market cap of $41.39 billion, a P/E ratio of 16.36, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The stock has a fifty day moving average price of $714.93 and a 200 day moving average price of $766.18. United Rentals, Inc. has a one year low of $585.27 and a one year high of $896.98.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. Analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a $1.79 dividend. 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 1.13%. The ex-dividend date of this dividend was Wednesday, February 12th. United Rentals’s payout ratio is presently 18.48%.

Insider Buying and Selling

In other news, CFO William E. Grace sold 1,100 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the sale, the chief financial officer now owns 6,880 shares in the company, valued at approximately $4,390,128. This represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.53% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Citigroup decreased their price objective on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Argus lifted their price target on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. increased their price objective on United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Morgan Stanley decreased their price objective on United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Finally, Evercore ISI dropped their target price on United Rentals from $1,004.00 to $974.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $829.00.

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.