Montag A & Associates Inc. Has $9.91 Million Stock Holdings in United Rentals, Inc. $URI

Montag A & Associates Inc. decreased its stake in United Rentals, Inc. (NYSE:URI) by 33.0% in the first quarter, HoldingsChannel reports. The firm owned 13,603 shares of the construction company’s stock after selling 6,692 shares during the period. Montag A & Associates Inc.’s holdings in United Rentals were worth $9,911,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Beacon Investment Advisory Services Inc. raised its stake in United Rentals by 1,358.7% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 8,227 shares of the construction company’s stock valued at $6,658,000 after purchasing an additional 7,663 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of United Rentals by 18.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,756 shares of the construction company’s stock valued at $9,514,000 after buying an additional 1,846 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of United Rentals by 22.7% during the fourth quarter. Nordea Investment Management AB now owns 154,688 shares of the construction company’s stock valued at $126,362,000 after buying an additional 28,604 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in United Rentals by 1.4% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 367,814 shares of the construction company’s stock valued at $351,128,000 after buying an additional 5,115 shares during the period. Finally, Addenda Capital Inc. raised its position in United Rentals by 21.3% during the fourth quarter. Addenda Capital Inc. now owns 16,739 shares of the construction company’s stock valued at $13,547,000 after buying an additional 2,939 shares during the period. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Insider Buying and Selling

In related news, EVP Craig Adam Pintoff sold 2,466 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $963.00, for a total value of $2,374,758.00. Following the transaction, the executive vice president directly owned 14,774 shares of the company’s stock, valued at approximately $14,227,362. This trade represents a 14.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Andrew B. Limoges sold 548 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $977.86, for a total value of $535,867.28. Following the sale, the vice president directly owned 1,865 shares of the company’s stock, valued at $1,823,708.90. The trade was a 22.71% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 26,088 shares of company stock worth $25,628,877. Insiders own 0.47% of the company’s stock.

United Rentals Stock Performance

URI stock opened at $1,056.25 on Wednesday. The firm has a 50 day moving average of $1,022.09 and a two-hundred day moving average of $896.76. United Rentals, Inc. has a 12 month low of $701.59 and a 12 month high of $1,143.69. The company has a market capitalization of $66.17 billion, a price-to-earnings ratio of 26.95, a P/E/G ratio of 1.76 and a beta of 1.79. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.37.

United Rentals (NYSE:URI) last released 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). The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $4.20 billion. United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm posted $8.86 EPS. As a group, equities analysts anticipate that United Rentals, Inc. will post 46.76 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were paid a dividend of $1.97 per share. This represents a $7.88 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Wednesday, May 13th. United Rentals’s dividend payout ratio is 20.10%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on URI shares. Royal Bank Of Canada raised their price objective on United Rentals from $1,041.00 to $1,119.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Raymond James Financial restated an “outperform” rating and set a $1,275.00 price target on shares of United Rentals in a report on Wednesday, June 10th. JPMorgan Chase & Co. lifted their target price on shares of United Rentals from $850.00 to $1,050.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Evercore restated an “outperform” rating and set a $1,101.00 price target on shares of United Rentals in a report on Monday, May 11th. Finally, Citigroup upped their price target on shares of United Rentals from $950.00 to $1,130.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Fifteen investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,119.69.

United Rentals Profile

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.