Vise Technologies Inc. Buys 2,368 Shares of United Rentals, Inc. (NYSE:URI)

Vise Technologies Inc. grew its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 107.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,579 shares of the construction company's stock after acquiring an additional 2,368 shares during the quarter. Vise Technologies Inc.'s holdings in United Rentals were worth $3,225,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rialto Wealth Management LLC acquired a new position in shares of United Rentals during the fourth quarter valued at $25,000. Murphy & Mullick Capital Management Corp acquired a new stake in United Rentals in the fourth quarter worth about $27,000. Meeder Asset Management Inc. lifted its holdings in 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 during the period. Hanson & Doremus Investment Management acquired a new stake in United Rentals in the fourth quarter worth about $33,000. Finally, Kestra Investment Management LLC acquired a new stake in United Rentals in the fourth quarter worth about $34,000. Institutional investors and hedge funds own 96.26% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Bank of America reduced their price objective on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a report on Friday, March 21st. The Goldman Sachs Group boosted their price target on shares of United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a research report on Tuesday. Sanford C. Bernstein upgraded shares of United Rentals from an "underperform" rating to a "market perform" rating and dropped their price target for the stock from $705.00 to $666.00 in a research report on Tuesday, March 25th. Evercore ISI dropped their price target on shares of United Rentals from $974.00 to $921.00 and set an "outperform" rating on the stock in a research report on Monday, May 19th. Finally, UBS Group upgraded shares of United Rentals from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $485.00 to $780.00 in a research report on Friday, May 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, United Rentals presently has an average rating of "Moderate Buy" and a consensus price target of $753.15.

United Rentals Trading Down 0.3%

NYSE URI traded down $1.86 on Wednesday, hitting $715.70. 79,876 shares of the company were exchanged, compared to its average volume of 600,433. The company's 50 day moving average price is $639.58 and its 200-day moving average price is $704.31. 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 firm has a market capitalization of $46.52 billion, a P/E ratio of 18.45, a price-to-earnings-growth ratio of 1.43 and a beta of 1.70. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.92 by ($0.06). The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.61 billion. United Rentals had a return on equity of 34.21% and a net margin of 16.78%. United Rentals's quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $9.15 EPS. Analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be issued a $1.79 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.00%. United Rentals's dividend payout ratio is 18.54%.

Insider Activity

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

United Rentals Company 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.