Proficio Capital Partners LLC Purchases New Position in United Rentals, Inc. (NYSE:URI)

Proficio Capital Partners LLC purchased a new position in shares of United Rentals, Inc. (NYSE:URI) during the fourth quarter, Holdings Channel reports. The firm purchased 346 shares of the construction company’s stock, valued at approximately $244,000.

Other institutional investors also recently bought and sold shares of the company. ORG Wealth Partners LLC purchased a new stake in shares of United Rentals during the fourth quarter worth about $26,000. Hanson & Doremus Investment Management acquired a new position in shares of United Rentals during the fourth quarter valued at approximately $33,000. Kestra Investment Management LLC purchased a new position in shares of United Rentals in the fourth quarter valued at approximately $34,000. CarsonAllaria Wealth Management Ltd. acquired a new stake in shares of United Rentals in the fourth quarter worth approximately $42,000. Finally, J.Safra Asset Management Corp acquired a new stake in shares of United Rentals in the fourth quarter worth approximately $55,000. 96.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on URI. Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Evercore ISI lowered their price target on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. Sanford C. Bernstein upgraded shares of United Rentals from an “underperform” rating to a “market perform” rating and cut their price objective for the company from $705.00 to $666.00 in a report on Tuesday. JPMorgan Chase & Co. raised their target price on shares of United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, Bank of America cut their price target on United Rentals from $850.00 to $750.00 and set a “buy” rating for the company in a report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, United Rentals has a consensus rating of “Moderate Buy” and an average target price of $804.15.

United Rentals Stock Performance

Shares of United Rentals stock opened at $641.30 on Thursday. The business’s fifty day simple moving average is $692.06 and its 200-day simple moving average is $755.82. 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 $41.88 billion, a PE ratio of 16.55, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76. United Rentals, Inc. has a 52 week low of $585.27 and a 52 week high of $896.98.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. Equities analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a dividend of $1.79 per share. This is an increase from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Wednesday, February 12th. United Rentals’s dividend payout ratio is presently 18.48%.

Insider Buying and Selling at United Rentals

In related news, CFO William E. Grace sold 1,100 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $638.10, for a total transaction of $701,910.00. Following the sale, the chief financial officer now directly owns 6,880 shares in the company, valued at approximately $4,390,128. This represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.53% of the stock is currently owned by corporate insiders.

About United Rentals

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.