New Age Alpha Advisors LLC Takes $3.36 Million Position in United Rentals, Inc. (NYSE:URI)

New Age Alpha Advisors LLC purchased a new stake in United Rentals, Inc. (NYSE:URI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,763 shares of the construction company’s stock, valued at approximately $3,355,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of URI. Norges Bank acquired a new stake in United Rentals in the fourth quarter valued at $695,716,000. Proficio Capital Partners LLC purchased a new stake in shares of United Rentals in the 4th quarter worth about $171,733,000. Raymond James Financial Inc. acquired a new stake in United Rentals in the 4th quarter valued at about $164,493,000. TD Asset Management Inc. increased its holdings in United Rentals by 207.8% during the 4th quarter. TD Asset Management Inc. now owns 234,366 shares of the construction company’s stock valued at $165,097,000 after acquiring an additional 158,214 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in United Rentals by 15.4% during the third quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company’s stock worth $637,968,000 after acquiring an additional 105,287 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Bank of America dropped their price target on United Rentals from $850.00 to $750.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Citigroup decreased their price target on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Morgan Stanley cut their price objective on shares of 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. JPMorgan Chase & Co. raised their target price on shares of United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $804.15.

Insider Activity

In related news, CFO William E. Grace sold 1,100 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $638.10, for a total transaction of $701,910.00. Following the completion of the sale, the chief financial officer now directly owns 6,880 shares of the company’s stock, valued at approximately $4,390,128. This represents a 13.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.53% of the company’s stock.

United Rentals Price Performance

Shares of United Rentals stock opened at $627.10 on Friday. The business’s fifty day moving average price is $686.97 and its 200 day moving average price is $754.94. United Rentals, Inc. has a twelve month low of $585.27 and a twelve month high of $896.98. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $40.97 billion, a P/E ratio of 16.18, a PEG ratio of 1.43 and a beta of 1.76.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share 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, research analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid 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 yield of 1.14%. The ex-dividend date of this dividend was Wednesday, February 12th. United Rentals’s payout ratio is currently 18.48%.

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.