Caxton Associates LP Sells 58 Shares of United Rentals, Inc. (NYSE:URI)

Caxton Associates LP trimmed its position in shares of United Rentals, Inc. (NYSE:URI) by 10.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 497 shares of the construction company’s stock after selling 58 shares during the period. Caxton Associates LP’s holdings in United Rentals were worth $350,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Capital World Investors lifted its holdings in United Rentals by 17.1% during the fourth quarter. Capital World Investors now owns 2,221,228 shares of the construction company’s stock valued at $1,564,722,000 after purchasing an additional 323,636 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of United Rentals by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 1,587,203 shares of the construction company’s stock valued at $1,115,142,000 after purchasing an additional 20,401 shares during the period. Alliancebernstein L.P. boosted its stake in United Rentals by 16.0% in the 4th quarter. Alliancebernstein L.P. now owns 1,250,324 shares of the construction company’s stock worth $880,778,000 after purchasing an additional 172,340 shares during the period. Franklin Resources Inc. increased its position in shares of United Rentals by 9.8% during the fourth quarter. Franklin Resources Inc. now owns 1,093,350 shares of the construction company’s stock valued at $770,199,000 after buying an additional 97,336 shares during the period. Finally, Capital International Investors lifted its holdings in shares of United Rentals by 41.0% in the fourth quarter. Capital International Investors now owns 1,051,365 shares of the construction company’s stock worth $740,624,000 after buying an additional 305,491 shares in the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on URI shares. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Bank of America lowered their price target on United Rentals from $850.00 to $750.00 and set a “buy” rating on the stock in a report on Friday, March 21st. UBS Group lowered United Rentals from a “buy” rating to a “sell” rating and cut their price objective for the stock from $910.00 to $485.00 in a report on Monday, April 7th. Robert W. Baird raised their target price on shares of United Rentals from $535.00 to $571.00 and gave the company a “neutral” rating in a research note on Friday, April 25th. Finally, Cfra Research upgraded shares of United Rentals to a “strong-buy” rating in a research report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $725.69.

United Rentals Trading Up 0.1 %

Shares of URI opened at $652.43 on Thursday. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $896.98. The firm has a market capitalization of $42.41 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 1.43 and a beta of 1.70. The firm’s 50-day moving average price is $614.20 and its 200-day moving average price is $716.83. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share for the quarter, missing analysts’ consensus estimates of $8.92 by ($0.06). The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.61 billion. United Rentals had a return on equity of 34.21% and a net margin of 16.78%. The firm’s revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the company posted $9.15 EPS. Sell-side analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Wednesday, May 14th. United Rentals’s dividend payout ratio is currently 18.54%.

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.