Jones Financial Companies Lllp Has $3.56 Million Stock Holdings in United Rentals, Inc. $URI

Jones Financial Companies Lllp increased its holdings in shares of United Rentals, Inc. (NYSE:URI) by 24.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,754 shares of the construction company’s stock after purchasing an additional 746 shares during the period. Jones Financial Companies Lllp’s holdings in United Rentals were worth $3,556,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in URI. Loomis Sayles & Co. L P acquired a new position in shares of United Rentals during the 2nd quarter valued at $28,000. Salomon & Ludwin LLC raised its holdings in shares of United Rentals by 650.0% during the third quarter. Salomon & Ludwin LLC now owns 30 shares of the construction company’s stock valued at $29,000 after purchasing an additional 26 shares during the period. Cedar Mountain Advisors LLC bought a new position in shares of United Rentals during the 3rd quarter worth about $32,000. Trust Co. of Toledo NA OH acquired a new stake in shares of United Rentals in the 2nd quarter valued at about $38,000. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in United Rentals in the 3rd quarter valued at about $40,000. 96.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

URI has been the subject of a number of research reports. Barclays reduced their price objective on United Rentals from $620.00 to $600.00 and set an “underweight” rating for the company in a research note on Monday, October 20th. Royal Bank Of Canada dropped their price objective on shares of United Rentals from $1,123.00 to $1,041.00 and set an “outperform” rating on the stock in a research note on Friday, January 30th. JPMorgan Chase & Co. decreased their target price on shares of United Rentals from $1,150.00 to $970.00 and set an “overweight” rating for the company in a research report on Friday, January 30th. Robert W. Baird set a $970.00 target price on shares of United Rentals in a report on Friday, January 30th. Finally, Sanford C. Bernstein set a $965.00 price target on shares of United Rentals in a research report on Friday, January 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $925.59.

United Rentals Stock Performance

URI stock opened at $901.15 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.94 and a debt-to-equity ratio of 1.41. The firm has a market cap of $56.77 billion, a PE ratio of 23.30, a P/E/G ratio of 1.44 and a beta of 1.70. The business has a 50 day moving average of $851.62 and a 200-day moving average of $889.11. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $1,021.47.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, January 28th. The construction company reported $11.09 earnings per share for the quarter, missing the consensus estimate of $11.86 by ($0.77). United Rentals had a return on equity of 30.35% and a net margin of 15.49%.The business had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $4.24 billion. During the same period in the prior year, the firm posted $11.59 EPS. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. As a group, sell-side analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th will be issued a dividend of $1.97 per share. This represents a $7.88 dividend on an annualized basis and a yield of 0.9%. This is a boost from United Rentals’s previous quarterly dividend of $1.79. The ex-dividend date is Wednesday, February 11th. United Rentals’s dividend payout ratio is 18.51%.

United Rentals announced that its board has initiated a share buyback program on Wednesday, January 28th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the construction company to purchase up to 8.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other United Rentals news, EVP Michael D. Durand sold 2,490 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $791.14, for a total value of $1,969,938.60. Following the transaction, the executive vice president directly owned 7,458 shares in the company, valued at $5,900,322.12. The trade was a 25.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.53% of the company’s stock.

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.