Natixis Advisors LLC Purchases 15,798 Shares of United Rentals, Inc. $URI

Natixis Advisors LLC grew its position in United Rentals, Inc. (NYSE:URI) by 9.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 179,132 shares of the construction company’s stock after buying an additional 15,798 shares during the period. Natixis Advisors LLC’s holdings in United Rentals were worth $144,975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Abich Financial Wealth Management LLC bought a new position in shares of United Rentals in the 3rd quarter valued at about $29,000. Aventura Private Wealth LLC bought a new position in shares of United Rentals in the 4th quarter valued at about $27,000. Core Wealth Advisors LLC bought a new position in shares of United Rentals in the 4th quarter valued at about $28,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of United Rentals in the 3rd quarter valued at about $35,000. Finally, Board of the Pension Protection Fund bought a new position in shares of United Rentals in the 4th quarter valued at about $32,000. Institutional investors own 96.26% of the company’s stock.

Analyst Ratings Changes

URI has been the subject of a number of analyst reports. Royal Bank Of Canada lifted their price objective on shares of United Rentals from $1,041.00 to $1,119.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Sanford C. Bernstein set a $903.00 price objective on shares of United Rentals and gave the company an “outperform” rating in a research report on Thursday, April 9th. JPMorgan Chase & Co. lifted their price objective on shares of United Rentals from $850.00 to $1,050.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Weiss Ratings raised shares of United Rentals from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Finally, KeyCorp lifted their price objective on shares of United Rentals from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Twelve equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, United Rentals presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,006.13.

Insider Buying and Selling at United Rentals

In other United Rentals news, VP Andrew B. Limoges sold 548 shares of United Rentals stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $977.86, for a total value of $535,867.28. Following the completion of the sale, the vice president owned 1,865 shares in the company, valued at $1,823,708.90. The trade was a 22.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Craig Adam Pintoff sold 2,466 shares of United Rentals stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $963.00, for a total transaction of $2,374,758.00. Following the completion of the sale, the executive vice president owned 14,774 shares of the company’s stock, valued at $14,227,362. This trade represents a 14.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 26,088 shares of company stock worth $25,628,877 over the last quarter. Company insiders own 0.47% of the company’s stock.

United Rentals Stock Performance

Shares of URI stock opened at $998.03 on Tuesday. The company has a market capitalization of $62.52 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 1.58 and a beta of 1.81. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.74 and a current ratio of 0.80. The company has a 50-day simple moving average of $860.45 and a 200 day simple moving average of $846.62. United Rentals, Inc. has a 52 week low of $681.98 and a 52 week high of $1,021.47.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing the consensus estimate of $11.47 by ($1.76). The company had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.20 billion. United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm posted $8.86 EPS. On average, sell-side analysts predict that United Rentals, Inc. will post 47.07 earnings per share for the current year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were paid a $1.97 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $7.88 annualized dividend and a yield of 0.8%. United Rentals’s payout ratio is 20.10%.

United Rentals Company Profile

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.