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

Bright Futures Wealth Management LLC. lessened its position in shares of United Rentals, Inc. (NYSE:URI) by 68.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ORG Wealth Partners LLC acquired a new position in shares of United Rentals during the 4th quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in United Rentals in the 3rd quarter valued at about $31,000. Carmichael Hill & Associates Inc. raised its stake in United Rentals by 80.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock valued at $36,000 after purchasing an additional 20 shares during the last quarter. Hanson & Doremus Investment Management acquired a new position in United Rentals in the 4th quarter valued at about $33,000. Finally, HM Payson & Co. acquired a new position in United Rentals in the 3rd quarter valued at about $41,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Stock Down 0.7 %

URI opened at $729.59 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. United Rentals, Inc. has a 12 month low of $596.48 and a 12 month high of $896.98. The stock has a market capitalization of $47.65 billion, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 1.54 and a beta of 1.68. The business has a 50-day moving average of $743.13 and a two-hundred day moving average of $769.56.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) 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%. On average, research analysts expect that United Rentals, Inc. will post 44.93 earnings per share for the current year.

United Rentals Increases Dividend

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

Analyst Ratings Changes

Several research analysts recently weighed in on URI shares. Barclays boosted their target price on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. Bank of America boosted their target price on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price for the company in a research note on Tuesday, January 14th. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Citigroup cut their target price 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $814.08.

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.