United Rentals, Inc. (NYSE:URI) Shares Bought by Everence Capital Management Inc.

Everence Capital Management Inc. raised its stake in shares of United Rentals, Inc. (NYSE:URI) by 6.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,880 shares of the construction company’s stock after purchasing an additional 110 shares during the quarter. Everence Capital Management Inc.’s holdings in United Rentals were worth $1,324,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Mayflower Financial Advisors LLC increased its position in shares of United Rentals by 4.0% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock valued at $274,000 after acquiring an additional 13 shares during the period. Allen Capital Group LLC increased its holdings in shares of United Rentals by 4.2% in the third quarter. Allen Capital Group LLC now owns 324 shares of the construction company’s stock valued at $262,000 after purchasing an additional 13 shares during the period. First County Bank CT raised its stake in shares of United Rentals by 3.2% in the third quarter. First County Bank CT now owns 422 shares of the construction company’s stock worth $342,000 after purchasing an additional 13 shares during the last quarter. IAM Advisory LLC lifted its holdings in shares of United Rentals by 1.6% during the third quarter. IAM Advisory LLC now owns 900 shares of the construction company’s stock worth $729,000 after purchasing an additional 14 shares during the period. Finally, CVA Family Office LLC boosted its position in United Rentals by 1.7% in the third quarter. CVA Family Office LLC now owns 844 shares of the construction company’s stock valued at $683,000 after buying an additional 14 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Trading Up 0.8 %

Shares of United Rentals stock opened at $695.31 on Friday. United Rentals, Inc. has a twelve month low of $533.70 and a twelve month high of $896.98. The firm’s 50-day moving average price is $802.52 and its 200 day moving average price is $756.09. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $45.63 billion, a PE ratio of 18.16, a P/E/G ratio of 1.83 and a beta of 1.66.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $11.73 EPS. On average, sell-side analysts predict that United Rentals, Inc. will post 43.46 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.94%. The ex-dividend date was Wednesday, November 13th. United Rentals’s payout ratio is currently 17.03%.

Analyst Ratings Changes

A number of equities analysts have issued reports on URI shares. Barclays raised their price target on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Argus boosted their target price on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. increased their price target on United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Robert W. Baird boosted their price objective on United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a report on Thursday, October 3rd. Finally, Citigroup raised their target price on United Rentals from $955.00 to $985.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, United Rentals currently has an average rating of “Hold” and a consensus price target of $770.71.

Insiders Place Their Bets

In related news, SVP Anthony S. Leopold sold 900 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $823.24, for a total value of $740,916.00. Following the completion of the sale, the senior vice president now owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. This represents a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.53% 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.