Hudson Valley Investment Advisors Inc. ADV Sells 770 Shares of United Rentals, Inc. (NYSE:URI)

Hudson Valley Investment Advisors Inc. ADV decreased its stake in shares of United Rentals, Inc. (NYSE:URI) by 5.4% during the fourth quarter, Holdings Channel reports. The firm owned 13,545 shares of the construction company’s stock after selling 770 shares during the quarter. United Rentals comprises about 1.1% of Hudson Valley Investment Advisors Inc. ADV’s holdings, making the stock its 29th biggest position. Hudson Valley Investment Advisors Inc. ADV’s holdings in United Rentals were worth $9,542,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new stake in United Rentals during the 2nd quarter valued at $1,153,000. Quest Partners LLC grew its holdings in shares of United Rentals by 26.0% in the second quarter. Quest Partners LLC now owns 852 shares of the construction company’s stock worth $551,000 after acquiring an additional 176 shares during the period. Coldstream Capital Management Inc. grew its holdings in shares of United Rentals by 2.1% in the second quarter. Coldstream Capital Management Inc. now owns 2,335 shares of the construction company’s stock worth $1,510,000 after acquiring an additional 49 shares during the period. MGO One Seven LLC increased its position in United Rentals by 42.1% during the second quarter. MGO One Seven LLC now owns 3,106 shares of the construction company’s stock valued at $2,009,000 after acquiring an additional 920 shares during the last quarter. Finally, HHM Wealth Advisors LLC lifted its holdings 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 acquiring an additional 42 shares during the period. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Trading Down 2.0 %

Shares of United Rentals stock opened at $671.38 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82. The company has a fifty day moving average of $791.48 and a 200 day moving average of $757.07. The company has a market capitalization of $44.06 billion, a P/E ratio of 17.53, a P/E/G ratio of 1.83 and a beta of 1.69. United Rentals, Inc. has a fifty-two week low of $536.83 and a fifty-two week high of $896.98.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the company earned $11.73 EPS. On average, sell-side analysts anticipate that United Rentals, Inc. will post 43.46 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend was Wednesday, November 13th. United Rentals’s payout ratio is currently 17.03%.

Insider Transactions at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the sale, the senior vice president now directly owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. The trade was a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.53% of the company’s stock.

Analysts Set New Price Targets

URI has been the subject of a number of recent research reports. Robert W. Baird boosted their price target on United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a research note on Thursday, October 3rd. Bank of America boosted their target price on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Citigroup upped their target price 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. Argus lifted their price target on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $817.08.

About United Rentals

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.