United Rentals, Inc. (NYSE:URI) Shares Acquired by Brookstone Capital Management

Brookstone Capital Management increased its stake in shares of United Rentals, Inc. (NYSE:URI) by 580.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,749 shares of the construction company’s stock after purchasing an additional 1,492 shares during the quarter. Brookstone Capital Management’s holdings in United Rentals were worth $1,232,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. ORG Wealth Partners LLC purchased a new stake in shares of United Rentals in the 4th quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of United Rentals during the third quarter worth $31,000. Carmichael Hill & Associates Inc. grew its stake in shares of United Rentals by 80.0% during the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after purchasing an additional 20 shares in the last quarter. HM Payson & Co. purchased a new position in United Rentals in the third quarter valued at $41,000. Finally, Trust Co. of Vermont raised its stake in United Rentals by 6,000.0% in the third quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock valued at $49,000 after buying an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of NYSE:URI opened at $758.03 on Friday. United Rentals, Inc. has a one year low of $545.16 and a one year high of $896.98. The stock has a market capitalization of $49.74 billion, a price-to-earnings ratio of 19.80, a PEG ratio of 1.46 and a beta of 1.69. The company has a 50-day simple moving average of $782.94 and a 200-day simple moving average of $759.89. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing the consensus estimate of $12.49 by ($0.69). United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The company had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same period in the prior year, the company earned $11.73 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. On average, analysts predict that United Rentals, Inc. will post 43.46 EPS for the current year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a yield of 0.86%. United Rentals’s payout ratio is currently 17.03%.

Insider Transactions at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $823.24, for a total transaction of $740,916.00. Following the transaction, the senior vice president now directly owns 2,044 shares in the company, valued at $1,682,702.56. The trade was a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on URI. Bank of America upped their price objective on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Citigroup dropped 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. JPMorgan Chase & Co. boosted their price objective on shares of United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Finally, Barclays boosted their price target on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $805.08.

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.