Venturi Wealth Management LLC Sells 771 Shares of United Rentals, Inc. $URI

Venturi Wealth Management LLC decreased its position in shares of United Rentals, Inc. (NYSE:URI) by 3.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,870 shares of the construction company’s stock after selling 771 shares during the period. United Rentals comprises 1.0% of Venturi Wealth Management LLC’s portfolio, making the stock its 26th biggest position. Venturi Wealth Management LLC’s holdings in United Rentals were worth $20,878,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vaughan Nelson Investment Management L.P. acquired a new stake in United Rentals in the second quarter valued at $152,069,000. OVERSEA CHINESE BANKING Corp Ltd bought a new position in United Rentals in the 2nd quarter valued at about $298,000. Vise Technologies Inc. acquired a new stake in United Rentals during the second quarter worth approximately $7,514,000. Symphony Financial Ltd. Co. bought a new stake in shares of United Rentals during the second quarter worth approximately $29,171,000. Finally, Stenger Family Office LLC acquired a new position in United Rentals in the 2nd quarter valued at $2,388,000. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Trading Down 1.2%

URI opened at $881.23 on Thursday. The company has a market cap of $56.07 billion, a P/E ratio of 22.67, a price-to-earnings-growth ratio of 1.85 and a beta of 1.69. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $1,021.47. The company has a fifty day moving average price of $824.59 and a two-hundred day moving average price of $872.22. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.40.

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

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were paid a dividend of $1.79 per share. The ex-dividend date was Wednesday, November 12th. This represents a $7.16 annualized dividend and a yield of 0.8%. United Rentals’s dividend payout ratio (DPR) is 18.42%.

Analyst Ratings Changes

URI has been the topic of several research reports. BNP Paribas Exane upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price target on the stock in a research note on Tuesday, September 16th. Sanford C. Bernstein set a $1,128.00 price target on United Rentals and gave the company an “outperform” rating in a research note on Tuesday, September 23rd. Robert W. Baird raised shares of United Rentals from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $888.00 to $1,050.00 in a report on Wednesday, October 1st. Citigroup reduced their price objective on United Rentals from $1,140.00 to $950.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. Finally, Truist Financial dropped their price target on shares of United Rentals from $1,169.00 to $1,045.00 and set a “buy” rating for the company in a research note on Thursday, December 18th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, United Rentals currently has a consensus rating of “Moderate Buy” and an average target price of $954.83.

United Rentals Profile

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.