627 Shares in United Rentals, Inc. (NYSE:URI) Acquired by Investment Management Corp VA ADV

Investment Management Corp VA ADV purchased a new position in United Rentals, Inc. (NYSE:URI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 627 shares of the construction company's stock, valued at approximately $442,000.

Several other hedge funds have also recently made changes to their positions in the stock. Rialto Wealth Management LLC bought a new stake in shares of United Rentals during the 4th quarter valued at about $25,000. Murphy & Mullick Capital Management Corp bought a new position in shares of United Rentals in the fourth quarter worth approximately $27,000. Meeder Asset Management Inc. increased its stake in shares of United Rentals by 241.7% in the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock worth $29,000 after purchasing an additional 29 shares in the last quarter. Hanson & Doremus Investment Management bought a new stake in shares of United Rentals during the 4th quarter valued at $33,000. Finally, Kestra Investment Management LLC bought a new stake in shares of United Rentals during the 4th quarter valued at $34,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Price Performance

Shares of NYSE URI traded down $1.76 during midday trading on Wednesday, reaching $715.81. 87,612 shares of the stock traded hands, compared to its average volume of 600,469. The company's 50 day moving average is $639.58 and its 200 day moving average is $704.31. United Rentals, Inc. has a one year low of $525.91 and a one year high of $896.98. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The stock has a market capitalization of $46.53 billion, a PE ratio of 18.46, a P/E/G ratio of 1.43 and a beta of 1.70.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing the consensus estimate of $8.92 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. The business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter last year, the business earned $9.15 EPS. United Rentals's revenue for the quarter was up 6.7% compared to the same quarter last year. On average, equities research analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be paid a dividend of $1.79 per share. The ex-dividend date is Wednesday, May 14th. This represents a $7.16 annualized dividend and a yield of 1.00%. United Rentals's payout ratio is currently 18.54%.

Insider Buying and Selling at United Rentals

In other United Rentals news, EVP Michael D. Durand sold 1,100 shares of the business's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total transaction of $688,908.00. Following the transaction, the executive vice president now owns 8,748 shares in the company, valued at $5,478,697.44. The trade was a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Andrew B. Limoges sold 708 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $705.86, for a total transaction of $499,748.88. Following the completion of the sale, the vice president now directly owns 1,921 shares in the company, valued at approximately $1,355,957.06. This represents a 26.93% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.53% of the company's stock.

Analyst Ratings Changes

URI has been the subject of several recent analyst reports. UBS Group raised shares of United Rentals from a "sell" rating to a "neutral" rating and upped their target price for the stock from $485.00 to $780.00 in a report on Friday, May 16th. Citigroup dropped their price objective on United Rentals from $720.00 to $650.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Bank of America cut their target price on United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a research report on Friday, March 21st. JPMorgan Chase & Co. boosted their price target on United Rentals from $780.00 to $920.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Finally, Robert W. Baird upped their price target on United Rentals from $535.00 to $571.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, United Rentals currently has an average rating of "Moderate Buy" and a consensus target price of $753.15.

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.