Penobscot Investment Management Company Inc. Purchases 675 Shares of United Rentals, Inc. $URI

Penobscot Investment Management Company Inc. lifted its position in shares of United Rentals, Inc. (NYSE:URI) by 14.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,484 shares of the construction company’s stock after acquiring an additional 675 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in United Rentals were worth $5,235,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P purchased a new stake in United Rentals during the second quarter valued at about $28,000. Salomon & Ludwin LLC raised its position in shares of United Rentals by 650.0% in 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. Flaharty Asset Management LLC bought a new stake in shares of United Rentals in the first quarter valued at approximately $30,000. Maseco LLP purchased a new stake in shares of United Rentals during the 2nd quarter valued at approximately $32,000. Finally, Trust Co. of Toledo NA OH bought a new position in United Rentals in the 2nd quarter worth approximately $38,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Baird R W raised shares of United Rentals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Wells Fargo & Company assumed coverage on United Rentals in a report on Thursday, November 13th. They issued an “overweight” rating and a $995.00 price target for the company. Citigroup decreased their price objective on United Rentals from $1,140.00 to $950.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. KeyCorp reissued an “overweight” rating on shares of United Rentals in a report on Wednesday, December 3rd. Finally, Royal Bank Of Canada set a $1,123.00 target price on United Rentals in a report on Friday, October 24th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, United Rentals has a consensus rating of “Moderate Buy” and a consensus price target of $954.83.

United Rentals Trading Up 4.4%

United Rentals stock opened at $844.91 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.84 and a current ratio of 0.90. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $1,021.47. The stock has a market cap of $53.76 billion, a P/E ratio of 21.73, a PEG ratio of 1.75 and a beta of 1.69. The firm’s fifty day moving average price is $824.30 and its 200-day moving average price is $868.30.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, October 22nd. The construction company reported $11.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.43 by ($0.73). United Rentals had a net margin of 15.83% and a return on equity of 31.30%. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same period in the prior year, the business posted $11.80 EPS. United Rentals’s quarterly revenue was up 5.9% on a year-over-year basis. Equities research analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, November 12th. United Rentals’s dividend payout ratio (DPR) is 18.42%.

About United Rentals

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.