Victory Capital Management Inc. Has $56.98 Million Holdings in United Rentals, Inc. (NYSE:URI)

Victory Capital Management Inc. boosted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 46.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 99,372 shares of the construction company’s stock after acquiring an additional 31,398 shares during the period. Victory Capital Management Inc. owned approximately 0.15% of United Rentals worth $56,982,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ballentine Partners LLC lifted its holdings in shares of United Rentals by 2.1% during the 4th quarter. Ballentine Partners LLC now owns 889 shares of the construction company’s stock valued at $510,000 after purchasing an additional 18 shares in the last quarter. DGS Capital Management LLC raised its holdings in United Rentals by 1.3% during the 4th quarter. DGS Capital Management LLC now owns 1,441 shares of the construction company’s stock worth $827,000 after buying an additional 18 shares during the period. Oak Ridge Investments LLC raised its holdings in United Rentals by 0.3% during the 4th quarter. Oak Ridge Investments LLC now owns 5,816 shares of the construction company’s stock worth $3,335,000 after buying an additional 20 shares during the period. Caprock Group LLC lifted its stake in United Rentals by 2.3% in the fourth quarter. Caprock Group LLC now owns 900 shares of the construction company’s stock valued at $516,000 after buying an additional 20 shares in the last quarter. Finally, AdvisorNet Financial Inc increased its position in shares of United Rentals by 71.4% during the fourth quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock worth $28,000 after acquiring an additional 20 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Morgan Stanley initiated coverage on shares of United Rentals in a research report on Monday, January 8th. They issued an “equal weight” rating and a $500.00 price objective on the stock. Oppenheimer restated a “market perform” rating on shares of United Rentals in a report on Monday, April 29th. The Goldman Sachs Group increased their price objective on United Rentals from $718.00 to $790.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Robert W. Baird lifted their target price on United Rentals from $322.00 to $559.00 and gave the company an “underperform” rating in a research report on Friday, January 26th. Finally, Wells Fargo & Company upped their price target on United Rentals from $630.00 to $710.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, United Rentals has a consensus rating of “Hold” and an average target price of $600.79.

United Rentals Trading Up 0.3 %

Shares of United Rentals stock opened at $666.66 on Friday. The stock has a market cap of $44.39 billion, a P/E ratio of 18.06, a P/E/G ratio of 2.17 and a beta of 1.82. The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 1.39. United Rentals, Inc. has a 12-month low of $325.15 and a 12-month high of $732.37. The business’s 50 day moving average is $683.37 and its 200-day moving average is $586.57.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, April 24th. The construction company reported $9.15 earnings per share for the quarter, topping analysts’ consensus estimates of $8.35 by $0.80. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the company earned $7.95 earnings per share. Equities research analysts predict that United Rentals, Inc. will post 43.61 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $6.52 annualized dividend and a yield of 0.98%. United Rentals’s dividend payout ratio (DPR) is currently 17.66%.

United Rentals declared that its board has approved a stock repurchase plan on Wednesday, January 24th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the construction company to buy up to 3.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other United Rentals news, COO Michael D. Durand sold 559 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $674.56, for a total value of $377,079.04. Following the sale, the chief operating officer now owns 8,052 shares in the company, valued at $5,431,557.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Matthew John Flannery sold 8,379 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the completion of the sale, the chief executive officer now owns 103,400 shares in the company, valued at approximately $72,341,742. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Michael D. Durand sold 559 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $674.56, for a total transaction of $377,079.04. Following the completion of the transaction, the chief operating officer now owns 8,052 shares in the company, valued at approximately $5,431,557.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,713 shares of company stock worth $6,747,384. Company insiders own 0.53% of the company’s stock.

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.