United Rentals, Inc. $URI Stock Bought by Vise Technologies Inc.

Vise Technologies Inc. grew its holdings in United Rentals, Inc. (NYSE:URI) by 8.2% in the 3rd quarter, Holdings Channel reports. The fund owned 11,708 shares of the construction company’s stock after purchasing an additional 888 shares during the quarter. Vise Technologies Inc.’s holdings in United Rentals were worth $11,717,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of URI. Clal Insurance Enterprises Holdings Ltd bought a new stake in United Rentals in the 2nd quarter valued at $29,000. MidFirst Bank bought a new position in shares of United Rentals during the 2nd quarter worth about $31,000. Bell Investment Advisors Inc bought a new position in shares of United Rentals during the 2nd quarter worth about $40,000. Laurel Wealth Advisors LLC acquired a new position in shares of United Rentals during the third quarter valued at about $40,000. Finally, Frazier Financial Advisors LLC raised its position in shares of United Rentals by 33.3% during the first quarter. Frazier Financial Advisors LLC now owns 56 shares of the construction company’s stock valued at $41,000 after buying an additional 14 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Trading Down 0.2%

Shares of URI opened at $1,167.43 on Monday. United Rentals, Inc. has a 1 year low of $701.59 and a 1 year high of $1,202.12. The company has a current ratio of 0.80, a quick ratio of 0.73 and a debt-to-equity ratio of 1.35. The stock has a 50 day simple moving average of $1,049.13 and a 200-day simple moving average of $970.70. The stock has a market cap of $72.29 billion, a PE ratio of 25.66, a PEG ratio of 1.65 and a beta of 1.82.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, October 21st. The construction company reported $15.55 EPS for the quarter, topping the consensus estimate of $13.97 by $1.58. The business had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.71 billion. United Rentals had a return on equity of 33.47% and a net margin of 16.33%. United Rentals’s revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the company earned $11.70 EPS. On average, sell-side analysts predict that United Rentals, Inc. will post 51.17 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Wednesday, November 11th will be paid a dividend of $1.97 per share. This represents a $7.88 annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, November 10th. United Rentals’s dividend payout ratio is currently 17.32%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Robert W. Baird set a $1,310.00 target price on shares of United Rentals in a research note on Friday, October 23rd. UBS Group boosted their price target on United Rentals from $1,350.00 to $1,450.00 and gave the company a “buy” rating in a research note on Thursday, October 22nd. Bank of America reaffirmed a “buy” rating on shares of United Rentals in a report on Thursday, October 22nd. Barclays raised their price objective on United Rentals from $715.00 to $950.00 and gave the stock an “underweight” rating in a research report on Friday, July 24th. Finally, Morgan Stanley lifted their price objective on United Rentals from $1,335.00 to $1,350.00 and gave the stock an “overweight” rating in a report on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,288.19.

About United Rentals

United Rentals, Inc is an equipment rental company serving construction, industrial, infrastructure, utilities, government and other commercial customers. The company provides access to equipment and related services through a network of rental locations, helping customers manage projects without purchasing and maintaining all of the equipment they need.

Its rental fleet includes aerial work platforms, earthmoving equipment, material-handling equipment, general construction tools, trucks and trailers, and light-duty equipment.