Venturi Wealth Management LLC Has $14.47 Million Stock Holdings in United Rentals, Inc. (NYSE:URI)

Venturi Wealth Management LLC increased its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 12.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,539 shares of the construction company's stock after acquiring an additional 2,227 shares during the period. Venturi Wealth Management LLC's holdings in United Rentals were worth $14,468,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. ORG Wealth Partners LLC bought a new position in shares of United Rentals in the fourth quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in United Rentals in the third quarter valued at $31,000. Carmichael Hill & Associates Inc. grew its position in shares of United Rentals by 80.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company's stock valued at $36,000 after acquiring an additional 20 shares during the period. Hanson & Doremus Investment Management acquired a new position in shares of United Rentals during the 4th quarter worth about $33,000. Finally, HM Payson & Co. bought a new stake in shares of United Rentals in the 3rd quarter valued at about $41,000. Institutional investors and hedge funds own 96.26% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on URI shares. Barclays raised their target price on shares of United Rentals from $400.00 to $565.00 and gave the company an "underweight" rating in a research note on Friday, October 25th. Morgan Stanley reduced their target price on United Rentals from $775.00 to $765.00 and set an "equal weight" rating for the company in a research note on Monday, February 3rd. Baird R W upgraded United Rentals from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 14th. Robert W. Baird raised United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price target for the company in a report on Tuesday, January 14th. Finally, Truist Financial reiterated a "buy" rating and issued a $956.00 price objective (down from $963.00) on shares of United Rentals in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $829.00.

United Rentals Stock Performance

Shares of United Rentals stock traded down $38.35 during trading on Friday, reaching $656.42. The company's stock had a trading volume of 1,067,453 shares, compared to its average volume of 668,090. 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 business's 50-day moving average price is $731.32 and its 200-day moving average price is $769.34. United Rentals, Inc. has a 52 week low of $596.48 and a 52 week high of $896.98. The firm has a market cap of $42.87 billion, a PE ratio of 16.94, a P/E/G ratio of 1.46 and a beta of 1.68.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. Equities analysts forecast that United Rentals, Inc. will post 44.93 earnings per share for the current year.

United Rentals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be given a dividend of $1.79 per share. The ex-dividend date is Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a yield of 1.09%. This is an increase from United Rentals's previous quarterly dividend of $1.63. United Rentals's dividend payout ratio is currently 18.48%.

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.