Envestnet Portfolio Solutions Inc. Purchases 351 Shares of United Rentals, Inc. (NYSE:URI)

Envestnet Portfolio Solutions Inc. grew its position in United Rentals, Inc. (NYSE:URI) by 9.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,967 shares of the construction company’s stock after buying an additional 351 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in United Rentals were worth $2,795,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of URI. GHP Investment Advisors Inc. boosted its stake in United Rentals by 6.3% in the fourth quarter. GHP Investment Advisors Inc. now owns 14,855 shares of the construction company’s stock worth $10,464,000 after purchasing an additional 877 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in United Rentals by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 445,214 shares of the construction company’s stock worth $313,627,000 after buying an additional 6,787 shares in the last quarter. Retireful LLC bought a new stake in United Rentals during the 3rd quarter worth about $697,000. Fiduciary Alliance LLC increased its position in United Rentals by 196.5% in the 4th quarter. Fiduciary Alliance LLC now owns 1,420 shares of the construction company’s stock valued at $1,000,000 after acquiring an additional 941 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of United Rentals by 7.6% in the fourth quarter. Nordea Investment Management AB now owns 732,954 shares of the construction company’s stock worth $517,018,000 after acquiring an additional 52,037 shares during the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Trading Up 3.0 %

URI opened at $627.42 on Thursday. The firm’s fifty day moving average is $698.05 and its two-hundred day moving average is $758.05. The firm has a market cap of $40.97 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76. United Rentals, Inc. has a twelve month low of $585.27 and a twelve month high of $896.98. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing analysts’ consensus estimates of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. Equities research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a dividend of $1.79 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.14%. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio (DPR) is currently 18.48%.

Insider Activity

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the firm’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 trade represents a 13.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.53% of the stock is currently owned by company insiders.

Analyst Ratings Changes

URI has been the topic of several research analyst reports. Citigroup decreased their price target on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Evercore ISI dropped their price objective on United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price on the stock in a research report on Tuesday, January 14th. Argus lifted their price target on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Morgan Stanley dropped their price target on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $829.00.

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.