MassMutual Private Wealth & Trust FSB Acquires 661 Shares of United Rentals, Inc. $URI

MassMutual Private Wealth & Trust FSB lifted its stake in shares of United Rentals, Inc. (NYSE:URI) by 250.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 925 shares of the construction company’s stock after buying an additional 661 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in United Rentals were worth $883,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of URI. Loomis Sayles & Co. L P acquired a new stake in United Rentals in the second quarter worth $28,000. Salomon & Ludwin LLC grew its stake in shares of United Rentals by 650.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 30 shares of the construction company’s stock valued at $29,000 after buying an additional 26 shares during the period. Flaharty Asset Management LLC bought a new stake in United Rentals in the 1st quarter valued at about $30,000. Maseco LLP acquired a new position in United Rentals during the 2nd quarter worth approximately $32,000. Finally, Trust Co. of Toledo NA OH bought a new position in United Rentals in the second quarter worth approximately $38,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on URI shares. Sanford C. Bernstein set a $1,128.00 price objective on United Rentals and gave the company an “outperform” rating in a report on Tuesday, September 23rd. Royal Bank Of Canada set a $1,123.00 price objective on shares of United Rentals in a report on Friday, October 24th. Barclays dropped their price objective on shares of United Rentals from $620.00 to $600.00 and set an “underweight” rating on the stock in a research note on Monday, October 20th. Wells Fargo & Company assumed coverage on shares of United Rentals in a research report on Thursday, November 13th. They set an “overweight” rating and a $995.00 target price for the company. Finally, BNP Paribas set a $900.00 price target on shares of United Rentals and gave the company a “neutral” rating in a research report on Tuesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $954.83.

United Rentals Stock Up 4.4%

URI opened at $919.65 on Friday. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $1,021.47. The firm has a market capitalization of $58.52 billion, a P/E ratio of 23.65, a PEG ratio of 1.83 and a beta of 1.69. The company’s 50-day moving average is $825.80 and its 200 day moving average is $872.55. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.90 and a quick ratio of 0.84.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, October 22nd. The construction company reported $11.70 EPS for the quarter, missing the consensus estimate of $12.43 by ($0.73). United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same period in the prior year, the business earned $11.80 EPS. United Rentals’s quarterly revenue was up 5.9% compared to the same quarter last year. Research analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were given a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $7.16 annualized dividend and a yield of 0.8%. United Rentals’s payout ratio is currently 18.42%.

About United Rentals

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.