Leeward Financial Partners LLC Makes New $232,000 Investment in United Rentals, Inc. (NYSE:URI)

Leeward Financial Partners LLC bought a new position in shares of United Rentals, Inc. (NYSE:URI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 287 shares of the construction company’s stock, valued at approximately $232,000.

Other institutional investors have also modified their holdings of the company. Norden Group LLC acquired a new position in United Rentals in the first quarter valued at $312,000. Private Advisor Group LLC lifted its holdings in shares of United Rentals by 4.4% during the first quarter. Private Advisor Group LLC now owns 6,757 shares of the construction company’s stock worth $4,872,000 after purchasing an additional 282 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of United Rentals by 2.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 24,058 shares of the construction company’s stock worth $17,349,000 after buying an additional 594 shares in the last quarter. Choreo LLC boosted its position in United Rentals by 1.3% during the first quarter. Choreo LLC now owns 1,456 shares of the construction company’s stock worth $1,050,000 after purchasing an additional 18 shares in the last quarter. Finally, Graypoint LLC acquired a new stake in United Rentals in the first quarter valued at $205,000. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Stock Up 0.7 %

Shares of NYSE URI traded up $5.24 during mid-day trading on Monday, reaching $798.71. The company had a trading volume of 48,796 shares, compared to its average volume of 539,765. The stock has a fifty day moving average of $781.33 and a two-hundred day moving average of $713.07. United Rentals, Inc. has a 12-month low of $432.82 and a 12-month high of $861.74. The company has a market capitalization of $52.41 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 1.90 and a beta of 1.68. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing the consensus estimate of $12.49 by ($0.69). United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The company had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter in the prior year, the firm earned $11.73 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. As a group, equities research analysts expect that United Rentals, Inc. will post 43.66 EPS for the current year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Wednesday, November 13th. United Rentals’s dividend payout ratio is currently 17.03%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Evercore ISI boosted their price objective on shares of United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Barclays increased their price target 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. Bank of America increased their target price on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price target on shares of United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Finally, Robert W. Baird lifted their price objective on United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a research report on Thursday, October 3rd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, United Rentals presently has an average rating of “Hold” and a consensus target price of $742.50.

Insiders Place Their Bets

In other news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the sale, the senior vice president now owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.53% of the company’s stock.

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.