United Rentals, Inc. $URI Shares Bought by Venture Visionary Partners LLC

Venture Visionary Partners LLC lifted its stake in United Rentals, Inc. (NYSE:URI) by 16.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,563 shares of the construction company’s stock after buying an additional 642 shares during the period. Venture Visionary Partners LLC’s holdings in United Rentals were worth $4,357,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Loomis Sayles & Co. L P acquired a new position in United Rentals during the 2nd quarter worth approximately $28,000. Flaharty Asset Management LLC purchased a new stake in shares of United Rentals during the first quarter valued at approximately $30,000. Maseco LLP acquired a new position in shares of United Rentals during the second quarter worth $32,000. Trust Co. of Toledo NA OH purchased a new position in shares of United Rentals in the second quarter valued at $38,000. Finally, Hantz Financial Services Inc. grew its holdings in United Rentals by 103.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 55 shares of the construction company’s stock valued at $42,000 after purchasing an additional 28 shares in the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Stock Down 0.9%

Shares of United Rentals stock opened at $810.64 on Tuesday. 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, Inc. has a 1-year low of $525.91 and a 1-year high of $1,021.47. The business’s fifty day moving average price is $869.95 and its two-hundred day moving average price is $858.29. The company has a market capitalization of $51.58 billion, a P/E ratio of 20.85, a PEG ratio of 1.85 and a beta of 1.68.

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

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Wednesday, November 12th. United Rentals’s dividend payout ratio (DPR) is currently 18.42%.

Wall Street Analysts Forecast Growth

URI has been the topic of a number of recent analyst reports. UBS Group reiterated a “neutral” rating and issued a $1,025.00 price objective on shares of United Rentals in a report on Tuesday, October 28th. KeyCorp reiterated an “overweight” rating on shares of United Rentals in a research note on Wednesday, December 3rd. Sanford C. Bernstein set a $1,128.00 price target on United Rentals and gave the company an “outperform” rating in a report on Tuesday, September 23rd. Barclays dropped their price objective on United Rentals from $620.00 to $600.00 and set an “underweight” rating on the stock in a report on Monday, October 20th. Finally, Royal Bank Of Canada set a $1,123.00 target price on United Rentals in a research note on Friday, October 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, United Rentals has a consensus rating of “Moderate Buy” and a consensus price target of $961.72.

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.