Gilman Hill Asset Management LLC Has $4.10 Million Stake in United Rentals, Inc. (NYSE:URI)

Gilman Hill Asset Management LLC lessened its position in United Rentals, Inc. (NYSE:URI) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,821 shares of the construction company’s stock after selling 207 shares during the period. Gilman Hill Asset Management LLC’s holdings in United Rentals were worth $4,101,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bernardo Wealth Planning LLC bought a new position in United Rentals during the fourth quarter worth about $216,000. Clarius Group LLC boosted its stake in shares of United Rentals by 7.4% during the 4th quarter. Clarius Group LLC now owns 492 shares of the construction company’s stock worth $347,000 after acquiring an additional 34 shares during the period. Oak Ridge Investments LLC increased its holdings in shares of United Rentals by 6.7% during the 4th quarter. Oak Ridge Investments LLC now owns 7,423 shares of the construction company’s stock worth $5,229,000 after acquiring an additional 466 shares during the last quarter. Aaron Wealth Advisors LLC raised its stake in United Rentals by 125.3% in the 4th quarter. Aaron Wealth Advisors LLC now owns 987 shares of the construction company’s stock valued at $695,000 after acquiring an additional 549 shares during the period. Finally, Moss Adams Wealth Advisors LLC lifted its holdings in United Rentals by 4.0% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 678 shares of the construction company’s stock valued at $478,000 after purchasing an additional 26 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of NYSE:URI opened at $770.81 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $50.58 billion, a PE ratio of 20.13, a PEG ratio of 1.46 and a beta of 1.69. The firm has a 50 day moving average of $778.79 and a 200-day moving average of $762.34. United Rentals, Inc. has a 12 month low of $553.22 and a 12 month high of $896.98.

United Rentals (NYSE:URI) last issued 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 analyst estimates of $4.01 billion. During the same period in the prior year, the business posted $11.73 EPS. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities research analysts predict that United Rentals, Inc. will post 43.46 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a $1.63 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.85%. United Rentals’s dividend payout ratio (DPR) is currently 17.03%.

Analysts Set New Price Targets

URI has been the topic of several research analyst reports. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Citigroup cut their price objective on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Robert W. Baird upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. increased their target price on United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Finally, Bank of America boosted their price target on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $805.08.

Insider Activity

In other news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 2,044 shares in the company, valued at approximately $1,682,702.56. This represents a 30.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.49% of the stock is currently owned by corporate insiders.

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.