135 Shares in United Rentals, Inc. (NYSE:URI) Purchased by Planned Solutions Inc.

Planned Solutions Inc. purchased a new stake in shares of United Rentals, Inc. (NYSE:URI) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 135 shares of the construction company’s stock, valued at approximately $77,000.

Several other large investors have also bought and sold shares of URI. Courier Capital LLC bought a new position in shares of United Rentals during the 4th quarter valued at about $203,000. Columbia Trust Co 01012016 boosted its holdings in United Rentals by 4.8% during the fourth quarter. Columbia Trust Co 01012016 now owns 4,083 shares of the construction company’s stock worth $2,341,000 after buying an additional 188 shares in the last quarter. Tectonic Advisors LLC grew its position in United Rentals by 1.9% in the fourth quarter. Tectonic Advisors LLC now owns 1,425 shares of the construction company’s stock worth $817,000 after buying an additional 26 shares during the last quarter. Oak Ridge Investments LLC increased its holdings in shares of United Rentals by 0.3% in the fourth quarter. Oak Ridge Investments LLC now owns 5,816 shares of the construction company’s stock valued at $3,335,000 after buying an additional 20 shares in the last quarter. Finally, Acropolis Investment Management LLC lifted its position in shares of United Rentals by 3.6% during the 4th quarter. Acropolis Investment Management LLC now owns 3,093 shares of the construction company’s stock valued at $1,790,000 after acquiring an additional 107 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

Insider Transactions at United Rentals

In related news, CFO William E. Grace sold 775 shares of United Rentals stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $655.62, for a total value of $508,105.50. Following the transaction, the chief financial officer now owns 6,323 shares in the company, valued at approximately $4,145,485.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.53% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on URI. Citigroup lifted their target price on United Rentals from $490.00 to $650.00 and gave the stock a “buy” rating in a report on Friday, December 15th. Robert W. Baird boosted their price objective on United Rentals from $322.00 to $559.00 and gave the stock an “underperform” rating in a report on Friday, January 26th. KeyCorp cut shares of United Rentals from an “overweight” rating to a “sector weight” rating in a report on Monday, December 4th. Barclays boosted their price target on shares of United Rentals from $325.00 to $400.00 and gave the company an “underweight” rating in a report on Friday, January 26th. Finally, The Goldman Sachs Group raised their price objective on shares of United Rentals from $510.00 to $718.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, United Rentals presently has an average rating of “Hold” and a consensus price target of $572.20.

United Rentals Trading Up 2.2 %

United Rentals stock opened at $720.15 on Thursday. United Rentals, Inc. has a 12 month low of $325.15 and a 12 month high of $732.37. The company has a quick ratio of 0.75, a current ratio of 0.81 and a debt-to-equity ratio of 1.24. The stock has a market cap of $48.39 billion, a P/E ratio of 20.37, a P/E/G ratio of 2.63 and a beta of 1.84. The company’s fifty day simple moving average is $660.00 and its 200-day simple moving average is $543.15.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, January 24th. The construction company reported $11.26 EPS for the quarter, topping analysts’ consensus estimates of $10.85 by $0.41. The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.63 billion. United Rentals had a return on equity of 36.80% and a net margin of 16.91%. The firm’s revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $9.74 earnings per share. As a group, sell-side analysts forecast that United Rentals, Inc. will post 42.9 EPS for the current fiscal year.

United Rentals announced that its board has authorized a stock repurchase plan on Wednesday, January 24th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the construction company to repurchase up to 3.8% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

United Rentals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were issued a $1.63 dividend. This is a positive change from United Rentals’s previous quarterly dividend of $1.48. This represents a $6.52 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Tuesday, February 13th. United Rentals’s payout ratio is 18.44%.

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.