Fort Washington Investment Advisors Inc. OH Sells 190 Shares of United Rentals, Inc. (NYSE:URI)

Fort Washington Investment Advisors Inc. OH cut its stake in United Rentals, Inc. (NYSE:URI) by 16.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 984 shares of the construction company’s stock after selling 190 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in United Rentals were worth $564,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in URI. Oak Ridge Investments LLC grew its holdings in United Rentals by 0.3% during the 4th quarter. Oak Ridge Investments LLC now owns 5,816 shares of the construction company’s stock worth $3,335,000 after acquiring an additional 20 shares in the last quarter. Heartland Bank & Trust Co grew its holdings in United Rentals by 1.6% during the 3rd quarter. Heartland Bank & Trust Co now owns 1,471 shares of the construction company’s stock worth $654,000 after acquiring an additional 23 shares in the last quarter. Atria Wealth Solutions Inc. grew its holdings in United Rentals by 0.8% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 3,015 shares of the construction company’s stock worth $1,340,000 after acquiring an additional 23 shares in the last quarter. Heritage Trust Co grew its holdings in United Rentals by 3.4% during the 3rd quarter. Heritage Trust Co now owns 752 shares of the construction company’s stock worth $334,000 after acquiring an additional 25 shares in the last quarter. Finally, Ieq Capital LLC grew its holdings in United Rentals by 1.0% during the 3rd quarter. Ieq Capital LLC now owns 2,742 shares of the construction company’s stock worth $1,219,000 after acquiring an additional 28 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors.

United Rentals Stock Performance

Shares of United Rentals stock opened at $720.15 on Thursday. The firm has a market capitalization of $48.39 billion, a P/E ratio of 20.37, a PEG ratio of 2.63 and a beta of 1.84. The company has a quick ratio of 0.75, a current ratio of 0.81 and a debt-to-equity ratio of 1.24. The company has a 50 day moving average price of $660.00 and a 200 day moving average price of $543.15. United Rentals, Inc. has a 52 week low of $325.15 and a 52 week high of $732.37.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, January 24th. The construction company reported $11.26 EPS for the quarter, beating the consensus estimate of $10.85 by $0.41. United Rentals had a net margin of 16.91% and a return on equity of 36.80%. The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.63 billion. During the same period last year, the firm posted $9.74 EPS. United Rentals’s revenue was up 13.1% on a year-over-year basis. Sell-side analysts expect that United Rentals, Inc. will post 42.9 EPS for the current year.

United Rentals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This is a positive change from United Rentals’s previous quarterly dividend of $1.48. This represents a $6.52 dividend on an annualized basis and a yield of 0.91%. United Rentals’s dividend payout ratio (DPR) is currently 18.44%.

United Rentals declared that its board has initiated a share repurchase program on Wednesday, January 24th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the construction company to purchase up to 3.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

URI has been the topic of several recent research reports. Wells Fargo & Company increased their target price on shares of United Rentals from $630.00 to $710.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Stifel Nicolaus raised their price target on shares of United Rentals from $494.00 to $591.00 and gave the company a “buy” rating in a report on Tuesday, December 19th. Barclays raised their price target on shares of United Rentals from $325.00 to $400.00 and gave the company an “underweight” rating in a report on Friday, January 26th. KeyCorp cut shares of United Rentals from an “overweight” rating to a “sector weight” rating in a report on Monday, December 4th. Finally, BNP Paribas restated an “underperform” rating and issued a $485.00 price target on shares of United Rentals in a report on Friday, January 5th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $572.20.

Insiders Place Their Bets

In other United Rentals news, CFO William E. Grace sold 775 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $655.62, for a total transaction of $508,105.50. Following the completion of the transaction, the chief financial officer now directly owns 6,323 shares of the company’s stock, valued at approximately $4,145,485.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.53% of the stock is currently owned by insiders.

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.