Venturi Wealth Management LLC Has $17.77 Million Holdings in United Rentals, Inc. $URI

Venturi Wealth Management LLC increased its holdings in United Rentals, Inc. (NYSE:URI) by 10.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,387 shares of the construction company’s stock after purchasing an additional 2,225 shares during the quarter. Venturi Wealth Management LLC’s holdings in United Rentals were worth $17,767,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Gleason Group Inc. raised its position in United Rentals by 4.3% during the 4th quarter. Gleason Group Inc. now owns 269 shares of the construction company’s stock worth $218,000 after purchasing an additional 11 shares during the last quarter. Bridgewater Advisors Inc. grew its position in shares of United Rentals by 1.2% in the 4th quarter. Bridgewater Advisors Inc. now owns 967 shares of the construction company’s stock valued at $783,000 after buying an additional 11 shares during the last quarter. Great Valley Advisor Group Inc. increased its stake in shares of United Rentals by 2.9% in the second quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company’s stock valued at $292,000 after buying an additional 11 shares during the period. Fearless Solutions LLC dba Best Invest increased its stake in shares of United Rentals by 2.2% in the fourth quarter. Fearless Solutions LLC dba Best Invest now owns 554 shares of the construction company’s stock valued at $448,000 after buying an additional 12 shares during the period. Finally, Legacy Financial Advisors Inc. raised its position in shares of United Rentals by 3.9% during the fourth quarter. Legacy Financial Advisors Inc. now owns 322 shares of the construction company’s stock worth $260,000 after acquiring an additional 12 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Down 1.4%

Shares of United Rentals stock opened at $1,123.06 on Friday. The stock’s 50-day moving average is $986.77 and its 200 day moving average is $881.63. United Rentals, Inc. has a one year low of $701.59 and a one year high of $1,143.69. The firm has a market cap of $70.36 billion, a price-to-earnings ratio of 28.65, a PEG ratio of 1.80 and a beta of 1.81. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.74.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The business had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the previous year, the firm posted $8.86 earnings per share. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities research analysts anticipate that United Rentals, Inc. will post 47.26 EPS for the current year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were given a dividend of $1.97 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $7.88 annualized dividend and a dividend yield of 0.7%. United Rentals’s dividend payout ratio (DPR) is 20.10%.

Wall Street Analyst Weigh In

Several analysts recently commented on URI shares. JPMorgan Chase & Co. upped their target price on United Rentals from $850.00 to $1,050.00 and gave the company an “overweight” rating in a report on Friday, April 24th. KeyCorp raised their price target on shares of United Rentals from $1,150.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Thursday. Sanford C. Bernstein set a $903.00 price target on shares of United Rentals and gave the stock an “outperform” rating in a research report on Thursday, April 9th. Royal Bank Of Canada upped their price objective on shares of United Rentals from $1,041.00 to $1,119.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $1,030.00 price objective on shares of United Rentals in a research report on Friday, April 24th. Fourteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,070.50.

Insider Activity at United Rentals

In related news, SVP Joli L. Gross sold 306 shares of the stock in a transaction on Monday, April 27th. The shares were sold at an average price of $954.99, for a total transaction of $292,226.94. Following the transaction, the senior vice president directly owned 5,738 shares of the company’s stock, valued at $5,479,732.62. This represents a 5.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew John Flannery sold 22,768 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $984.98, for a total transaction of $22,426,024.64. Following the completion of the sale, the chief executive officer owned 99,980 shares of the company’s stock, valued at $98,478,300.40. The trade was a 18.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 26,088 shares of company stock worth $25,628,877. 0.47% of the stock is owned by insiders.

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.