Victory Capital Management Inc. Sells 64,586 Shares of United Rentals, Inc. (NYSE:URI)

Victory Capital Management Inc. lowered its holdings in United Rentals, Inc. (NYSE:URI) by 71.1% in the third quarter, Holdings Channel reports. The firm owned 26,222 shares of the construction company’s stock after selling 64,586 shares during the quarter. Victory Capital Management Inc.’s holdings in United Rentals were worth $21,233,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in URI. Crewe Advisors LLC bought a new position in United Rentals in the first quarter valued at $27,000. RFP Financial Group LLC grew its position in United Rentals by 115.8% in the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock valued at $27,000 after purchasing an additional 22 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in United Rentals in the third quarter valued at $31,000. Carmichael Hill & Associates Inc. grew its position in United Rentals by 80.0% in the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock valued at $36,000 after purchasing an additional 20 shares in the last quarter. Finally, HHM Wealth Advisors LLC grew its position in United Rentals by 280.0% in the second quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company’s stock valued at $37,000 after purchasing an additional 42 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of United Rentals stock opened at $832.94 on Tuesday. United Rentals, Inc. has a twelve month low of $454.71 and a twelve month high of $896.98. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. The company has a 50-day simple moving average of $809.84 and a two-hundred day simple moving average of $727.93. The stock has a market capitalization of $54.66 billion, a price-to-earnings ratio of 21.75, a price-to-earnings-growth ratio of 1.96 and a beta of 1.68.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing the consensus estimate of $12.49 by ($0.69). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter last year, the firm earned $11.73 EPS. United Rentals’s revenue for the quarter was up 6.0% compared to the same quarter last year. Analysts forecast that United Rentals, Inc. will post 43.55 EPS for the current year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Wednesday, November 13th. United Rentals’s dividend payout ratio is currently 17.03%.

Insider Buying and Selling at United Rentals

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the firm’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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on URI. Barclays increased their price target on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. Bank of America increased their price target on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Evercore ISI increased their price target on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. JPMorgan Chase & Co. increased their price target on shares of United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Finally, Citigroup increased their price target on shares of United Rentals from $930.00 to $955.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, United Rentals presently has a consensus rating of “Hold” and an average price target of $742.50.

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.