Wedge Capital Management L L P NC Sells 2,639 Shares of United Rentals, Inc. (NYSE:URI)

Wedge Capital Management L L P NC cut its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 15.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,585 shares of the construction company's stock after selling 2,639 shares during the quarter. Wedge Capital Management L L P NC's holdings in United Rentals were worth $10,274,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. ORG Wealth Partners LLC acquired a new stake in shares of United Rentals in the 4th quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of United Rentals during the third quarter valued at approximately $31,000. Carmichael Hill & Associates Inc. grew its holdings in United Rentals by 80.0% during the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company's stock worth $36,000 after buying an additional 20 shares in the last quarter. HM Payson & Co. purchased a new stake in United Rentals in the 3rd quarter valued at $41,000. Finally, Trust Co. of Vermont lifted its stake in United Rentals by 6,000.0% during the 3rd quarter. Trust Co. of Vermont now owns 61 shares of the construction company's stock valued at $49,000 after acquiring an additional 60 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Citigroup dropped their price target on shares of United Rentals from $985.00 to $835.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. upped their target price on United Rentals from $780.00 to $940.00 and gave the company an "overweight" rating in a report on Monday, September 23rd. Argus lifted their price target on United Rentals from $840.00 to $880.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Baird R W raised United Rentals from a "strong sell" rating to a "hold" rating in a research report on Tuesday, January 14th. Finally, Bank of America raised their target price on United Rentals from $800.00 to $910.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $805.08.

Insider Buying and Selling at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of the business's stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $823.24, for a total value of $740,916.00. Following the completion of the sale, the senior vice president now directly owns 2,044 shares in the company, valued at approximately $1,682,702.56. The trade was a 30.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is currently owned by company insiders.

United Rentals Stock Performance

Shares of NYSE:URI traded up $13.39 during trading on Friday, hitting $770.81. 897,099 shares of the company were exchanged, compared to its average volume of 466,512. The company has a market cap of $50.58 billion, a PE ratio of 20.13, a P/E/G ratio of 1.46 and a beta of 1.69. United Rentals, Inc. has a 52-week low of $553.22 and a 52-week high of $896.98. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. The stock has a 50 day moving average of $778.79 and a 200 day moving average of $762.34.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing analysts' consensus estimates of $12.49 by ($0.69). United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The firm had revenue of $3.99 billion for the quarter, compared to analysts' expectations of $4.01 billion. During the same quarter last year, the firm earned $11.73 earnings per share. The firm's revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities research analysts predict that United Rentals, Inc. will post 43.46 EPS for the current year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Wednesday, November 13th. United Rentals's dividend payout ratio is currently 17.03%.

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.