Versant Capital Management Inc Purchases 67 Shares of United Rentals, Inc. (NYSE:URI)

Versant Capital Management Inc raised its position in United Rentals, Inc. (NYSE:URI) by 104.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 131 shares of the construction company’s stock after acquiring an additional 67 shares during the quarter. Versant Capital Management Inc’s holdings in United Rentals were worth $92,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of URI. Mayflower Financial Advisors LLC lifted its stake 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 worth $274,000 after purchasing an additional 13 shares during the period. Allen Capital Group LLC raised its position in United Rentals by 4.2% in the third quarter. Allen Capital Group LLC now owns 324 shares of the construction company’s stock worth $262,000 after acquiring an additional 13 shares during the period. First County Bank CT boosted its stake in shares of United Rentals by 3.2% during the 3rd quarter. First County Bank CT now owns 422 shares of the construction company’s stock worth $342,000 after acquiring an additional 13 shares during the last quarter. IAM Advisory LLC boosted its stake in shares of United Rentals by 1.6% during the 3rd quarter. IAM Advisory LLC now owns 900 shares of the construction company’s stock worth $729,000 after acquiring an additional 14 shares during the last quarter. Finally, CVA Family Office LLC grew its position in shares of United Rentals by 1.7% during the 3rd quarter. CVA Family Office LLC now owns 844 shares of the construction company’s stock valued at $683,000 after acquiring an additional 14 shares during the period. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on URI. JPMorgan Chase & Co. raised their target price on United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Truist Financial lifted their price objective on United Rentals from $955.00 to $965.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Argus increased their target price on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Citigroup lifted their price target on shares of United Rentals from $955.00 to $985.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, Bank of America increased their price objective on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Three investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $770.71.

Insider Buying and Selling

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction on 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 transaction, the senior vice president now directly owns 2,044 shares of the company’s stock, valued at $1,682,702.56. This trade represents a 30.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.53% of the stock is currently owned by company insiders.

United Rentals Stock Up 0.8 %

Shares of URI stock opened at $695.31 on Friday. The company’s fifty day simple moving average is $802.52 and its two-hundred day simple moving average is $756.87. United Rentals, Inc. has a 52 week low of $533.70 and a 52 week high of $896.98. The stock has a market cap of $45.63 billion, a P/E ratio of 18.16, a PEG ratio of 1.83 and a beta of 1.66. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38.

United Rentals (NYSE:URI) last posted its earnings results 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 firm had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. United Rentals’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $11.73 earnings per share. Analysts predict that United Rentals, Inc. will post 43.46 EPS for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date was Wednesday, November 13th. United Rentals’s dividend payout ratio (DPR) is presently 17.03%.

United Rentals 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.