Logan Capital Management Inc. Has $30.26 Million Stock Position in United Rentals, Inc. (NYSE:URI)

Logan Capital Management Inc. lessened its stake in United Rentals, Inc. (NYSE:URI) by 1.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,370 shares of the construction company’s stock after selling 481 shares during the quarter. United Rentals comprises approximately 1.2% of Logan Capital Management Inc.’s investment portfolio, making the stock its 13th biggest holding. Logan Capital Management Inc. owned approximately 0.06% of United Rentals worth $30,260,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of URI. RFP Financial Group LLC boosted its stake in United Rentals by 115.8% in the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock valued at $27,000 after acquiring an additional 22 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of United Rentals in the 3rd quarter valued at $31,000. Carmichael Hill & Associates Inc. boosted its position in shares of United Rentals by 80.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after purchasing an additional 20 shares during the last quarter. HHM Wealth Advisors LLC grew its stake in shares of United Rentals by 280.0% during the second quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company’s stock worth $37,000 after purchasing an additional 42 shares during the period. Finally, HM Payson & Co. bought a new stake in United Rentals in the third quarter valued at about $41,000. 96.26% of the stock is owned by institutional investors.

Insider Transactions at United Rentals

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the sale, the senior vice president now owns 2,044 shares in the company, valued at $1,682,702.56. This represents a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.53% of the company’s stock.

Wall Street Analysts Forecast Growth

URI has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price target on shares of United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Argus boosted their price target on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Citigroup upped their price objective on shares of United Rentals from $955.00 to $985.00 and gave the company a “buy” rating in a research report on Monday. Bank of America boosted their target price on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Robert W. Baird increased their price target on United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a report on Thursday, October 3rd. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $770.00.

United Rentals Stock Down 0.3 %

NYSE:URI traded down $2.11 during trading hours on Friday, reaching $784.48. 10,399 shares of the stock were exchanged, compared to its average volume of 542,486. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. United Rentals, Inc. has a twelve month low of $533.70 and a twelve month high of $896.98. The stock has a market cap of $51.48 billion, a PE ratio of 20.54, a PEG ratio of 1.87 and a beta of 1.66. The firm has a 50 day moving average of $834.50 and a 200 day moving average of $746.93.

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

United Rentals Dividend Announcement

The business also recently declared 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. This represents a $6.52 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend was Wednesday, November 13th. United Rentals’s dividend payout ratio (DPR) is 17.03%.

About United Rentals

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.