Banque Cantonale Vaudoise cut its holdings in United Rentals, Inc. (NYSE:URI – Get Rating) by 5.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,089 shares of the construction company’s stock after selling 121 shares during the quarter. Banque Cantonale Vaudoise’s holdings in United Rentals were worth $742,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. MUFG Americas Holdings Corp increased its stake in shares of United Rentals by 1,900.0% in the third quarter. MUFG Americas Holdings Corp now owns 100 shares of the construction company’s stock valued at $27,000 after buying an additional 95 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of United Rentals in the second quarter valued at $27,000. EverSource Wealth Advisors LLC increased its stake in shares of United Rentals by 44.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 84 shares of the construction company’s stock valued at $30,000 after buying an additional 26 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of United Rentals by 62.3% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 86 shares of the construction company’s stock valued at $31,000 after buying an additional 33 shares in the last quarter. Finally, AdvisorNet Financial Inc increased its stake in shares of United Rentals by 86.3% in the fourth quarter. AdvisorNet Financial Inc now owns 95 shares of the construction company’s stock valued at $34,000 after buying an additional 44 shares in the last quarter. 89.65% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the company. Citigroup lowered their target price on United Rentals from $500.00 to $450.00 in a research note on Tuesday, April 18th. StockNews.com initiated coverage on United Rentals in a research report on Thursday, May 18th. They issued a “hold” rating for the company. KeyCorp lowered their price objective on United Rentals from $515.00 to $475.00 in a research report on Friday, April 28th. The Goldman Sachs Group lifted their price objective on United Rentals from $380.00 to $436.00 and gave the stock a “buy” rating in a research report on Thursday, January 26th. Finally, Barclays lifted their price objective on United Rentals from $300.00 to $350.00 and gave the stock an “underweight” rating in a research report on Friday, January 27th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, United Rentals presently has a consensus rating of “Hold” and a consensus target price of $421.08.
Insider Buying and Selling at United Rentals
United Rentals Price Performance
Shares of URI opened at $341.53 on Friday. United Rentals, Inc. has a 1 year low of $230.54 and a 1 year high of $481.99. The company has a current ratio of 1.15, a quick ratio of 1.05 and a debt-to-equity ratio of 1.61. The stock has a market cap of $23.47 billion, a P/E ratio of 10.95, a price-to-earnings-growth ratio of 0.52 and a beta of 1.81. The stock’s 50-day moving average price is $362.24 and its two-hundred day moving average price is $383.50.
United Rentals (NYSE:URI – Get Rating) last released its quarterly earnings data on Wednesday, April 26th. The construction company reported $7.95 earnings per share for the quarter, missing the consensus estimate of $8.12 by ($0.17). United Rentals had a net margin of 17.65% and a return on equity of 36.77%. The business had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter last year, the firm earned $5.73 EPS. The company’s revenue for the quarter was up 30.2% on a year-over-year basis. On average, equities analysts predict that United Rentals, Inc. will post 39.7 earnings per share for the current year.
United Rentals Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 24th. Stockholders of record on Wednesday, May 10th were issued a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend was Tuesday, May 9th. United Rentals’s dividend payout ratio (DPR) is presently 18.99%.
United Rentals Profile
United Rentals, Inc engages in the equipment rental business. It operates through the General Rentals and Specialty segments. The General Rentals segment includes the rental of construction, aerial and industrial equipment, general tools and light equipment, and related services and activities. The Specialty segment focuses on the rental of specialty construction products such as trench safety equipment, power and HVAC equipment, fluid solutions equipment, mobile storage equipment and modular office space.
- Get a free copy of the StockNews.com research report on United Rentals (URI)
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