Hancock Whitney Corp Has $1.20 Million Stock Position in United Rentals, Inc. (NYSE:URI)

Hancock Whitney Corp lessened its holdings in United Rentals, Inc. (NYSE:URI) by 1.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,706 shares of the construction company’s stock after selling 27 shares during the period. Hancock Whitney Corp’s holdings in United Rentals were worth $1,202,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in URI. Norges Bank purchased a new stake in shares of United Rentals in the fourth quarter worth approximately $695,716,000. Capital World Investors grew its holdings in United Rentals by 17.1% during the fourth quarter. Capital World Investors now owns 2,221,228 shares of the construction company’s stock worth $1,564,722,000 after buying an additional 323,636 shares in the last quarter. Capital International Investors raised its position in United Rentals by 41.0% in the 4th quarter. Capital International Investors now owns 1,051,365 shares of the construction company’s stock valued at $740,624,000 after buying an additional 305,491 shares during the last quarter. Marshall Wace LLP lifted its stake in United Rentals by 105.6% during the 4th quarter. Marshall Wace LLP now owns 546,165 shares of the construction company’s stock valued at $384,740,000 after acquiring an additional 280,502 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in United Rentals during the 4th quarter worth $171,733,000. Institutional investors own 96.26% of the company’s stock.

Insider Buying and Selling

In related news, CFO William E. Grace sold 1,100 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the sale, the chief financial officer now owns 6,880 shares in the company, valued at approximately $4,390,128. This trade represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.53% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Morgan Stanley raised shares of United Rentals from an “equal weight” rating to an “overweight” rating and set a $702.00 price target on the stock in a research report on Wednesday, April 16th. Bank of America dropped their target price on shares of United Rentals from $850.00 to $750.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. JPMorgan Chase & Co. reduced their target price on United Rentals from $1,000.00 to $750.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Sanford C. Bernstein upgraded United Rentals from an “underperform” rating to a “market perform” rating and dropped their price target for the stock from $705.00 to $666.00 in a report on Tuesday, March 25th. Finally, Evercore ISI reduced their price objective on 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. Two analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $727.43.

United Rentals Price Performance

NYSE URI opened at $634.70 on Friday. The company has a market cap of $41.47 billion, a PE ratio of 16.38, a price-to-earnings-growth ratio of 1.43 and a beta of 1.72. 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 firm’s 50-day simple moving average is $615.93 and its two-hundred day simple moving average is $727.00. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $896.98.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing the consensus estimate of $8.92 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.61 billion. Research analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be paid a dividend of $1.79 per share. The ex-dividend date is Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.13%. United Rentals’s payout ratio is 18.54%.

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.