607 Shares in United Rentals, Inc. $URI Acquired by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC purchased a new position in United Rentals, Inc. (NYSE:URI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 607 shares of the construction company’s stock, valued at approximately $491,000.

Several other institutional investors also recently modified their holdings of the stock. Gleason Group Inc. boosted its stake in shares of United Rentals by 4.3% during the 4th quarter. Gleason Group Inc. now owns 269 shares of the construction company’s stock worth $218,000 after acquiring an additional 11 shares in the last quarter. Bridgewater Advisors Inc. grew its holdings in shares of United Rentals by 1.2% in the 4th quarter. Bridgewater Advisors Inc. now owns 967 shares of the construction company’s stock worth $783,000 after acquiring an additional 11 shares during the last quarter. Great Valley Advisor Group Inc. raised its position in shares of United Rentals by 2.9% during the second quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company’s stock worth $292,000 after purchasing an additional 11 shares during the period. Opal Wealth Advisors LLC lifted its holdings in shares of United Rentals by 2.7% during the third quarter. Opal Wealth Advisors LLC now owns 450 shares of the construction company’s stock valued at $430,000 after purchasing an additional 12 shares during the last quarter. Finally, Howard Capital Management Inc. lifted its holdings in shares of United Rentals by 3.1% during the third quarter. Howard Capital Management Inc. now owns 395 shares of the construction company’s stock valued at $377,000 after purchasing an additional 12 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Citigroup lifted their price target on United Rentals from $950.00 to $1,130.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Barclays upped their price objective on shares of United Rentals from $600.00 to $715.00 and gave the company an “underweight” rating in a research note on Friday, April 24th. Robert W. Baird raised their target price on shares of United Rentals from $970.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. KeyCorp lifted their target price on shares of United Rentals from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Finally, Royal Bank Of Canada boosted their price target on shares of United Rentals from $1,041.00 to $1,119.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Thirteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $986.35.

Insider Activity at United Rentals

In related news, VP Andrew B. Limoges sold 548 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $977.86, for a total transaction of $535,867.28. Following the transaction, the vice president directly owned 1,865 shares of the company’s stock, valued at approximately $1,823,708.90. The trade was a 22.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Joli L. Gross sold 306 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $954.99, for a total transaction of $292,226.94. Following the completion of the transaction, the senior vice president owned 5,738 shares in the company, valued at approximately $5,479,732.62. This represents a 5.06% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 26,088 shares of company stock valued at $25,628,877. 0.47% of the stock is owned by company insiders.

United Rentals Stock Performance

Shares of URI stock opened at $935.68 on Friday. The company has a market capitalization of $58.62 billion, a price-to-earnings ratio of 23.87, a P/E/G ratio of 1.49 and a beta of 1.83. United Rentals, Inc. has a 1-year low of $666.95 and a 1-year high of $1,021.47. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37. The stock’s fifty day simple moving average is $805.22 and its 200-day simple moving average is $838.92.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.47 by ($1.76). United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The business had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.20 billion. During the same period in the prior year, the company posted $8.86 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis. On average, sell-side analysts predict that United Rentals, Inc. will post 46.99 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th will be issued a dividend of $1.97 per share. This represents a $7.88 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, May 13th. United Rentals’s dividend payout ratio (DPR) is currently 20.10%.

United Rentals announced that its Board of Directors has initiated a stock buyback program on Wednesday, January 28th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the construction company to purchase up to 8.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.

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.