Louisbourg Investments Inc. Sells 50 Shares of United Rentals, Inc. (NYSE:URI)

Louisbourg Investments Inc. reduced its position in United Rentals, Inc. (NYSE:URI) by 0.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 5,784 shares of the construction company’s stock after selling 50 shares during the quarter. Louisbourg Investments Inc.’s holdings in United Rentals were worth $4,074,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Davidson Capital Management Inc. lifted its stake in shares of United Rentals by 3.4% in the fourth quarter. Davidson Capital Management Inc. now owns 4,648 shares of the construction company’s stock valued at $3,274,000 after buying an additional 151 shares in the last quarter. Certuity LLC purchased a new position in United Rentals in the fourth quarter worth $229,000. Schear Investment Advisers LLC increased its position in shares of United Rentals by 4.6% during the 4th quarter. Schear Investment Advisers LLC now owns 1,745 shares of the construction company’s stock valued at $1,229,000 after purchasing an additional 77 shares during the last quarter. Leavell Investment Management Inc. raised its stake in shares of United Rentals by 8.8% during the 4th quarter. Leavell Investment Management Inc. now owns 497 shares of the construction company’s stock worth $350,000 after purchasing an additional 40 shares during the period. Finally, Paladin Wealth LLC boosted its holdings in shares of United Rentals by 6.9% in the 4th quarter. Paladin Wealth LLC now owns 1,037 shares of the construction company’s stock worth $731,000 after buying an additional 67 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Trading Up 0.8 %

Shares of URI opened at $753.65 on Wednesday. United Rentals, Inc. has a twelve month low of $596.48 and a twelve month high of $896.98. The stock has a market cap of $49.22 billion, a PE ratio of 19.45, a P/E/G ratio of 1.54 and a beta of 1.68. 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 business’s 50-day moving average price is $748.32 and its 200-day moving average price is $770.09.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. On average, equities analysts forecast that United Rentals, Inc. will post 44.93 EPS for the current fiscal year.

United Rentals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Wednesday, February 12th. This is an increase from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio (DPR) is 16.83%.

Wall Street Analysts Forecast Growth

URI has been the subject of a number of research analyst reports. Barclays raised their price objective on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. Bank of America raised their price target on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Argus upped their price objective on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Morgan Stanley decreased their target price on United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. boosted their target price on United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $814.08.

United Rentals 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.