Verdence Capital Advisors LLC Buys 1,643 Shares of United Rentals, Inc. (NYSE:URI)

Verdence Capital Advisors LLC boosted its position in United Rentals, Inc. (NYSE:URI - Free Report) by 32.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,640 shares of the construction company's stock after purchasing an additional 1,643 shares during the period. Verdence Capital Advisors LLC's holdings in United Rentals were worth $5,376,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC grew its position in United Rentals by 82,462.2% in the 3rd quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company's stock valued at $1,300,962,000 after acquiring an additional 1,604,715 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of United Rentals by 4.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 637,188 shares of the construction company's stock worth $412,089,000 after purchasing an additional 27,708 shares during the last quarter. Capital International Investors purchased a new stake in United Rentals in the first quarter valued at about $332,349,000. AMF Tjanstepension AB raised its stake in United Rentals by 77.7% in the second quarter. AMF Tjanstepension AB now owns 457,056 shares of the construction company's stock valued at $295,626,000 after buying an additional 199,810 shares during the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of United Rentals by 5.7% in the second quarter. Hsbc Holdings PLC now owns 382,536 shares of the construction company's stock worth $247,001,000 after purchasing an additional 20,481 shares during the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on URI. Evercore ISI raised their price objective on United Rentals from $774.00 to $795.00 and gave the company an "outperform" rating in a report on Monday, August 19th. Citigroup boosted their target price on United Rentals from $930.00 to $955.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Robert W. Baird upped their price objective on United Rentals from $565.00 to $650.00 and gave the stock an "underperform" rating in a research report on Thursday, October 3rd. Bank of America boosted their target price on United Rentals from $800.00 to $910.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Finally, Barclays upped their price objective on United Rentals from $400.00 to $565.00 and gave the company an "underweight" rating in a research note on Friday, October 25th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, United Rentals currently has a consensus rating of "Hold" and a consensus price target of $742.50.

Insider Buying and Selling at United Rentals

In related news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $823.24, for a total transaction of $740,916.00. Following the completion of the sale, the senior vice president now owns 2,044 shares of the company's stock, valued at approximately $1,682,702.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.53% of the company's stock.

United Rentals Price Performance

Shares of URI traded up $12.58 during mid-day trading on Friday, hitting $875.01. 468,375 shares of the company traded hands, compared to its average volume of 548,398. United Rentals, Inc. has a one year low of $435.80 and a one year high of $888.62. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. The business has a 50-day moving average of $791.80 and a 200 day moving average of $719.75. The stock has a market capitalization of $57.42 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 2.06 and a beta of 1.68.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $12.49 by ($0.69). The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. United Rentals's revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $11.73 earnings per share. As a group, equities analysts expect that United Rentals, Inc. will post 43.66 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid a $1.63 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $6.52 annualized dividend and a yield of 0.75%. United Rentals's payout ratio is currently 17.03%.

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.