AustralianSuper Pty Ltd Has $162.04 Million Stock Holdings in United Rentals, Inc. (NYSE:URI)

AustralianSuper Pty Ltd trimmed its holdings in United Rentals, Inc. (NYSE:URI) by 36.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 230,021 shares of the construction company’s stock after selling 131,094 shares during the period. AustralianSuper Pty Ltd’s holdings in United Rentals were worth $162,036,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. ORG Wealth Partners LLC bought a new position in United Rentals in the 4th quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of United Rentals in the third quarter worth approximately $31,000. Carmichael Hill & Associates Inc. raised its stake in shares of United Rentals by 80.0% in the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after purchasing an additional 20 shares during the last quarter. Hanson & Doremus Investment Management bought a new position in shares of United Rentals in the fourth quarter valued at approximately $33,000. Finally, HM Payson & Co. purchased a new position in shares of United Rentals during the third quarter valued at approximately $41,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

URI has been the subject of a number of analyst reports. Robert W. Baird raised United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target for the company in a research report on Tuesday, January 14th. Barclays increased their target price on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a report on Friday, October 25th. Bank of America raised their price target on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Citigroup reduced 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 report on Tuesday, January 14th. Finally, Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. One 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. According to data from MarketBeat, United Rentals presently has an average rating of “Moderate Buy” and a consensus price target of $814.08.

United Rentals Trading Down 0.7 %

Shares of URI stock opened at $729.59 on Friday. 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 cap of $47.65 billion, a P/E ratio of 18.83, a PEG ratio of 1.54 and a beta of 1.68. The company has a 50 day moving average of $743.13 and a 200-day moving average of $769.56. United Rentals, Inc. has a 12-month low of $596.48 and a 12-month high of $896.98.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing analysts’ consensus estimates of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. Sell-side analysts anticipate that United Rentals, Inc. will post 44.93 earnings per share for the current year.

United Rentals Increases Dividend

The business 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 dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Wednesday, February 12th. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s payout ratio is presently 16.83%.

United Rentals Company 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.