Bank of New Hampshire Has $2.17 Million Holdings in United Rentals, Inc. (NYSE:URI)

Bank of New Hampshire raised its position in shares of United Rentals, Inc. (NYSE:URI) by 2.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 3,454 shares of the construction company’s stock after purchasing an additional 79 shares during the quarter. Bank of New Hampshire’s holdings in United Rentals were worth $2,165,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rialto Wealth Management LLC acquired a new stake in United Rentals during the 4th quarter valued at approximately $25,000. Murphy & Mullick Capital Management Corp acquired a new stake in United Rentals during the 4th quarter valued at approximately $27,000. Meeder Asset Management Inc. increased its position in United Rentals by 241.7% during the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company’s stock valued at $29,000 after purchasing an additional 29 shares during the period. Kestra Investment Management LLC acquired a new stake in United Rentals during the 4th quarter valued at approximately $34,000. Finally, OFI Invest Asset Management acquired a new stake in United Rentals during the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of URI opened at $707.02 on Friday. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $896.98. The business’s fifty day moving average is $650.15 and its 200 day moving average is $696.47. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The stock has a market cap of $45.96 billion, a P/E ratio of 18.25, a P/E/G ratio of 1.43 and a beta of 1.71.

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

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Wednesday, May 14th. United Rentals’s dividend payout ratio is currently 18.54%.

Insider Buying and Selling

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $705.86, for a total transaction of $499,748.88. Following the transaction, the vice president now directly owns 1,921 shares in the company, valued at approximately $1,355,957.06. This trade represents a 26.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael D. Durand sold 1,100 shares of the firm’s stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total value of $688,908.00. Following the transaction, the executive vice president now owns 8,748 shares in the company, valued at approximately $5,478,697.44. This trade represents a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.51% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Bank of America decreased their target price on shares of United Rentals from $850.00 to $750.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Morgan Stanley upgraded United Rentals from an “equal weight” rating to an “overweight” rating and set a $702.00 price target on the stock in a report on Wednesday, April 16th. The Goldman Sachs Group increased their price target on United Rentals from $770.00 to $850.00 and gave the stock a “buy” rating in a report on Tuesday, May 27th. Citigroup cut their price target on United Rentals from $720.00 to $650.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Finally, Sanford C. Bernstein upgraded United Rentals from an “underperform” rating to a “market perform” rating and cut their price target for the stock from $705.00 to $666.00 in a report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $753.15.

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.