United Rentals, Inc. (NYSE:URI) Shares Sold by Bright Futures Wealth Management LLC.

Bright Futures Wealth Management LLC. decreased its position in United Rentals, Inc. (NYSE:URI) by 68.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 562 shares of the construction company’s stock after selling 1,244 shares during the quarter. Bright Futures Wealth Management LLC.’s holdings in United Rentals were worth $426,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. CX Institutional raised its holdings in United Rentals by 3.2% during the third quarter. CX Institutional now owns 515 shares of the construction company’s stock worth $417,000 after purchasing an additional 16 shares in the last quarter. Creative Planning grew its position in shares of United Rentals by 7.9% during the third quarter. Creative Planning now owns 13,046 shares of the construction company’s stock worth $10,563,000 after acquiring an additional 959 shares during the last quarter. Vontobel Holding Ltd. grew its position in shares of United Rentals by 65.7% during the third quarter. Vontobel Holding Ltd. now owns 4,919 shares of the construction company’s stock worth $3,983,000 after acquiring an additional 1,950 shares during the last quarter. Wolff Wiese Magana LLC grew its position in shares of United Rentals by 2.8% during the third quarter. Wolff Wiese Magana LLC now owns 934 shares of the construction company’s stock worth $756,000 after acquiring an additional 25 shares during the last quarter. Finally, Cumberland Advisors Inc. grew its position in shares of United Rentals by 6.7% during the third quarter. Cumberland Advisors Inc. now owns 8,395 shares of the construction company’s stock worth $6,798,000 after acquiring an additional 525 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on URI. Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Barclays lifted their price objective on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. Argus lifted their price objective on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Citigroup lowered their price objective 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. Finally, JPMorgan Chase & Co. lifted 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 report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, United Rentals currently has an average rating of “Moderate Buy” and a consensus price target of $814.08.

United Rentals Price Performance

United Rentals stock opened at $729.59 on Friday. United Rentals, Inc. has a one year low of $596.48 and a one year high of $896.98. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. The business has a fifty day moving average of $743.13 and a two-hundred day moving average of $769.56. The company has a market cap of $47.65 billion, a P/E ratio of 18.83, a price-to-earnings-growth ratio of 1.54 and a beta of 1.68.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing analysts’ consensus estimates 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 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be issued a $1.79 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a yield of 0.98%. This is an increase from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio (DPR) is 16.83%.

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.