Mariner LLC Purchases 7,715 Shares of United Rentals, Inc. (NYSE:URI)

Mariner LLC boosted its position in United Rentals, Inc. (NYSE:URI) by 8.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 98,349 shares of the construction company’s stock after purchasing an additional 7,715 shares during the quarter. Mariner LLC’s holdings in United Rentals were worth $69,283,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Rialto Wealth Management LLC bought a new stake in shares of United Rentals during the 4th quarter worth approximately $25,000. ORG Wealth Partners LLC bought a new position in United Rentals during the fourth quarter worth about $26,000. Murphy & Mullick Capital Management Corp bought a new position in United Rentals during the fourth quarter worth about $27,000. Meeder Asset Management Inc. increased its position in United Rentals by 241.7% during the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company’s stock worth $29,000 after buying an additional 29 shares during the last quarter. Finally, Hanson & Doremus Investment Management bought a new stake in United Rentals in the fourth quarter valued at approximately $33,000. Institutional investors own 96.26% of the company’s stock.

Insiders Place Their Bets

In other news, CFO William E. Grace sold 1,100 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the completion of the transaction, the chief financial officer now owns 6,880 shares of the company’s stock, valued at approximately $4,390,128. The trade was a 13.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.53% of the company’s stock.

United Rentals Stock Performance

URI opened at $596.66 on Tuesday. The firm has a market cap of $38.98 billion, a P/E ratio of 15.40, a price-to-earnings-growth ratio of 1.43 and a beta of 1.72. The business’s fifty day moving average is $641.47 and its 200-day moving average is $738.65. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week 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 announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. Sell-side analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given 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 1.20%. The ex-dividend date of this dividend was Wednesday, February 12th. United Rentals’s payout ratio is currently 18.48%.

Analysts Set New Price Targets

A number of research firms recently weighed in on URI. Sanford C. Bernstein raised United Rentals from an “underperform” rating to a “market perform” rating and decreased their target price for the stock from $705.00 to $666.00 in a report on Tuesday, March 25th. UBS Group cut shares of United Rentals from a “buy” rating to a “sell” rating and cut their target price for the stock from $910.00 to $485.00 in a research note on Monday, April 7th. Citigroup lowered their price target on shares of United Rentals from $720.00 to $650.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Robert W. Baird upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price on the stock in a research note on Tuesday, January 14th. Finally, Evercore ISI reduced their price target on United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, United Rentals presently has a consensus rating of “Hold” and a consensus price target of $734.29.

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.