Voloridge Investment Management LLC Purchases 3,531 Shares of United Rentals, Inc. (NYSE:URI)

Voloridge Investment Management LLC raised its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 6.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,714 shares of the construction company's stock after purchasing an additional 3,531 shares during the quarter. Voloridge Investment Management LLC owned 0.09% of United Rentals worth $39,247,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Adell Harriman & Carpenter Inc. grew its position in United Rentals by 1.8% in the fourth quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company's stock valued at $573,000 after acquiring an additional 14 shares during the period. Valmark Advisers Inc. boosted its stake in shares of United Rentals by 1.8% in the 4th quarter. Valmark Advisers Inc. now owns 788 shares of the construction company's stock valued at $555,000 after purchasing an additional 14 shares in the last quarter. Erste Asset Management GmbH grew its holdings in shares of United Rentals by 0.5% in the 4th quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company's stock worth $2,002,000 after purchasing an additional 14 shares during the last quarter. Forum Financial Management LP grew its holdings in shares of United Rentals by 1.9% in the 4th quarter. Forum Financial Management LP now owns 749 shares of the construction company's stock worth $528,000 after purchasing an additional 14 shares during the last quarter. Finally, Klingman & Associates LLC increased its position in shares of United Rentals by 2.3% during the 4th quarter. Klingman & Associates LLC now owns 669 shares of the construction company's stock worth $471,000 after purchasing an additional 15 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Trading Down 0.5%

URI stock traded down $3.36 during trading on Monday, hitting $700.31. The company had a trading volume of 333,184 shares, compared to its average volume of 603,292. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The firm has a 50-day moving average price of $636.40 and a 200-day moving average price of $705.44. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $896.98. The stock has a market cap of $45.52 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 1.43 and a beta of 1.70.

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

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be issued a dividend of $1.79 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $7.16 annualized dividend and a yield of 1.02%. United Rentals's dividend payout ratio is currently 18.54%.

Insider Buying and Selling at United Rentals

In related news, 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 transaction 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 $1,355,957.06. The trade was a 26.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Michael D. Durand sold 1,100 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 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 disclosure for this sale can be found here. Corporate insiders own 0.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of United Rentals from $780.00 to $920.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Sanford C. Bernstein upgraded shares of United Rentals from an "underperform" rating to a "market perform" rating and cut their target price for the company from $705.00 to $666.00 in a research note on Tuesday, March 25th. Evercore ISI reduced their target price on United Rentals from $974.00 to $921.00 and set an "outperform" rating on the stock in a report on Monday, May 19th. Truist Financial increased their price target on United Rentals from $732.00 to $786.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. Finally, UBS Group upgraded United Rentals from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $485.00 to $780.00 in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, United Rentals presently has a consensus rating of "Moderate Buy" and an average price target of $757.38.

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.