Verdence Capital Advisors LLC Has $4.49 Million Stake in United Rentals, Inc. (NYSE:URI)

Verdence Capital Advisors LLC increased its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 6.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,157 shares of the construction company's stock after acquiring an additional 457 shares during the quarter. Verdence Capital Advisors LLC's holdings in United Rentals were worth $4,485,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Legacy Capital Wealth Partners LLC boosted its stake in United Rentals by 8.0% during the 1st quarter. Legacy Capital Wealth Partners LLC now owns 459 shares of the construction company's stock worth $288,000 after acquiring an additional 34 shares during the last quarter. Summit X LLC boosted its stake in United Rentals by 44.2% during the 1st quarter. Summit X LLC now owns 597 shares of the construction company's stock worth $374,000 after acquiring an additional 183 shares during the last quarter. Bridgewater Advisors Inc. bought a new position in United Rentals during the 1st quarter worth approximately $596,000. Tectonic Advisors LLC boosted its stake in United Rentals by 9.9% during the 1st quarter. Tectonic Advisors LLC now owns 1,337 shares of the construction company's stock worth $838,000 after acquiring an additional 120 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake in United Rentals by 37.9% during the 1st quarter. Larson Financial Group LLC now owns 633 shares of the construction company's stock worth $397,000 after acquiring an additional 174 shares during the last quarter. Institutional investors own 96.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on URI shares. Citigroup reaffirmed a "buy" rating and issued a $810.00 price target (up previously from $740.00) on shares of United Rentals in a research note on Tuesday, June 24th. Sanford C. Bernstein raised shares of United Rentals from an "underperform" rating to a "market perform" rating and cut their price target for the company from $705.00 to $666.00 in a research note on Tuesday, March 25th. Redburn Atlantic lowered shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price target on the stock. in a research note on Friday, June 13th. Robert W. Baird lifted their price target on shares of United Rentals from $535.00 to $571.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. lifted their price target on shares of United Rentals from $920.00 to $950.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $768.54.

Insiders Place Their Bets

In related 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 directly owned 8,748 shares in the company, valued at approximately $5,478,697.44. The trade was a 11.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Andrew B. Limoges sold 708 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $705.86, for a total transaction of $499,748.88. Following the transaction, the vice president owned 1,921 shares in the company, valued at approximately $1,355,957.06. The trade was a 26.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.53% of the company's stock.

United Rentals Stock Down 1.0%

Shares of URI stock traded down $8.42 during trading on Friday, reaching $808.39. The company's stock had a trading volume of 390,221 shares, compared to its average volume of 586,927. The business has a fifty day moving average price of $734.18 and a 200-day moving average price of $688.54. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 1.31. The company has a market cap of $52.55 billion, a price-to-earnings ratio of 20.93, a price-to-earnings-growth ratio of 1.95 and a beta of 1.69. United Rentals, Inc. has a one year low of $525.91 and a one year high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing analysts' consensus estimates of $8.92 by ($0.06). The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.61 billion. United Rentals had a return on equity of 33.11% and a net margin of 16.38%. The business's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $9.15 EPS. Analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date was Wednesday, May 14th. United Rentals's dividend payout ratio is presently 18.54%.

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.