Verdence Capital Advisors LLC Invests $257,000 in United Rentals, Inc. (NYSE:URI)

Verdence Capital Advisors LLC bought a new position in United Rentals, Inc. (NYSE:URI) during the 4th quarter, Holdings Channel reports. The fund bought 449 shares of the construction company’s stock, valued at approximately $257,000.

Other large investors have also recently made changes to their positions in the company. Impact Partnership Wealth LLC increased its stake in United Rentals by 282.4% during the third quarter. Impact Partnership Wealth LLC now owns 130 shares of the construction company’s stock worth $58,000 after acquiring an additional 96 shares during the last quarter. GHP Investment Advisors Inc. increased its stake in United Rentals by 15.5% during the third quarter. GHP Investment Advisors Inc. now owns 8,821 shares of the construction company’s stock worth $3,820,000 after acquiring an additional 1,181 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in shares of United Rentals during the third quarter valued at approximately $281,000. Private Trust Co. NA grew its stake in shares of United Rentals by 23.2% during the third quarter. Private Trust Co. NA now owns 2,457 shares of the construction company’s stock valued at $1,092,000 after buying an additional 463 shares during the last quarter. Finally, Czech National Bank raised its holdings in shares of United Rentals by 46.7% in the third quarter. Czech National Bank now owns 11,934 shares of the construction company’s stock worth $5,305,000 after buying an additional 3,797 shares during the period. 96.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

URI has been the topic of several recent analyst reports. Evercore ISI increased their price target on United Rentals from $575.00 to $740.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. The Goldman Sachs Group increased their price target on United Rentals from $718.00 to $790.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. BNP Paribas reiterated an “underperform” rating and issued a $485.00 price target on shares of United Rentals in a report on Friday, January 5th. Truist Financial initiated coverage on United Rentals in a report on Thursday, March 14th. They issued a “buy” rating and a $793.00 price target on the stock. Finally, Robert W. Baird increased their price target on United Rentals from $322.00 to $559.00 and gave the stock an “underperform” rating in a report on Friday, January 26th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $589.21.

United Rentals Stock Up 5.2 %

Shares of NYSE URI opened at $661.99 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.75 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $44.47 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 2.18 and a beta of 1.84. The stock’s fifty day simple moving average is $679.75 and its two-hundred day simple moving average is $575.51. United Rentals, Inc. has a 12-month low of $325.15 and a 12-month high of $732.37.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, January 24th. The construction company reported $11.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.85 by $0.41. The business had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.63 billion. United Rentals had a return on equity of 36.80% and a net margin of 16.91%. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter last year, the firm earned $9.74 EPS. As a group, analysts expect that United Rentals, Inc. will post 43.13 EPS for the current fiscal year.

United Rentals declared that its Board of Directors has initiated a share buyback program on Wednesday, January 24th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the construction company to reacquire up to 3.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at United Rentals

In other news, CFO William E. Grace sold 775 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $655.62, for a total value of $508,105.50. Following the completion of the sale, the chief financial officer now owns 6,323 shares of the company’s stock, valued at approximately $4,145,485.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.49% of the company’s stock.

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.