Verdence Capital Advisors LLC Acquires 60 Shares of United Rentals, Inc. (NYSE:URI)

Verdence Capital Advisors LLC raised its position in shares of United Rentals, Inc. (NYSE:URI) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,700 shares of the construction company’s stock after acquiring an additional 60 shares during the period. Verdence Capital Advisors LLC’s holdings in United Rentals were worth $4,720,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. ORG Wealth Partners LLC bought a new position in shares of United Rentals in the fourth quarter valued at approximately $26,000. Hanson & Doremus Investment Management acquired a new position in United Rentals in the 4th quarter worth $33,000. Kestra Investment Management LLC bought a new stake in United Rentals during the 4th quarter worth about $34,000. CarsonAllaria Wealth Management Ltd. bought a new stake in United Rentals during the 4th quarter worth about $42,000. Finally, J.Safra Asset Management Corp bought a new stake in shares of United Rentals in the 4th quarter valued at about $55,000. 96.26% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO William E. Grace sold 1,100 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $638.10, for a total value of $701,910.00. Following the transaction, the chief financial officer now owns 6,880 shares in the company, valued at $4,390,128. This represents a 13.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.53% of the company’s stock.

Wall Street Analysts Forecast Growth

URI has been the topic of a number of research reports. Truist Financial reiterated a “buy” rating and issued a $956.00 price target (down previously from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Evercore ISI dropped their price objective on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Argus raised their price target on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Morgan Stanley reduced their price objective on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $829.00.

United Rentals Stock Down 3.1 %

NYSE:URI opened at $598.19 on Wednesday. The firm’s 50-day moving average price is $716.80 and its 200-day moving average price is $767.11. The company has a market capitalization of $39.07 billion, a PE ratio of 15.44, a P/E/G ratio of 1.43 and a beta of 1.68. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. United Rentals, Inc. has a 1-year low of $585.27 and a 1-year high of $896.98.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. On average, equities analysts predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Wednesday, February 12th. This is an increase from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio (DPR) is presently 18.48%.

United Rentals 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.