Venturi Wealth Management LLC Cuts Position in United Rentals, Inc. $URI

Venturi Wealth Management LLC trimmed its holdings in shares of United Rentals, Inc. (NYSE:URI) by 3.4% in the third quarter, HoldingsChannel.com reports. The fund owned 21,870 shares of the construction company’s stock after selling 771 shares during the period. United Rentals makes up 1.0% of Venturi Wealth Management LLC’s investment portfolio, making the stock its 26th largest position. Venturi Wealth Management LLC’s holdings in United Rentals were worth $20,878,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NewEdge Advisors LLC increased its position in shares of United Rentals by 8.9% during the 1st quarter. NewEdge Advisors LLC now owns 2,941 shares of the construction company’s stock valued at $1,843,000 after purchasing an additional 240 shares during the last quarter. Jones Financial Companies Lllp grew its position in United Rentals by 96.6% during the first quarter. Jones Financial Companies Lllp now owns 2,884 shares of the construction company’s stock valued at $1,807,000 after buying an additional 1,417 shares during the period. Ashton Thomas Private Wealth LLC raised its position in United Rentals by 4.7% in the first quarter. Ashton Thomas Private Wealth LLC now owns 1,949 shares of the construction company’s stock worth $1,221,000 after acquiring an additional 88 shares during the period. Caxton Associates LLP purchased a new position in United Rentals in the first quarter valued at about $1,200,000. Finally, MBB Public Markets I LLC purchased a new stake in United Rentals in the first quarter worth $314,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

URI has been the subject of several recent research reports. Sanford C. Bernstein set a $1,128.00 target price on shares of United Rentals and gave the stock an “outperform” rating in a research note on Tuesday, September 23rd. Truist Financial dropped their target price on United Rentals from $1,169.00 to $1,045.00 and set a “buy” rating for the company in a research report on Thursday, December 18th. Royal Bank Of Canada set a $1,123.00 price target on shares of United Rentals in a research note on Friday, October 24th. UBS Group raised shares of United Rentals from a “neutral” rating to a “buy” rating and set a $1,025.00 price objective for the company in a research note on Sunday. Finally, Baird R W raised United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, United Rentals currently has an average rating of “Moderate Buy” and a consensus price target of $954.83.

United Rentals Stock Performance

URI stock opened at $881.23 on Thursday. The stock’s fifty day moving average price is $824.59 and its 200-day moving average price is $872.22. The company has a market cap of $56.07 billion, a P/E ratio of 22.67, a price-to-earnings-growth ratio of 1.85 and a beta of 1.69. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $1,021.47. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.90 and a quick ratio of 0.84.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, October 22nd. The construction company reported $11.70 earnings per share for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). United Rentals had a net margin of 15.83% and a return on equity of 31.30%. The company had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.16 billion. During the same period in the previous year, the firm earned $11.80 earnings per share. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. On average, equities analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were given a dividend of $1.79 per share. The ex-dividend date was Wednesday, November 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. United Rentals’s dividend payout ratio is currently 18.42%.

United Rentals Company Profile

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.