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

Hudson Valley Investment Advisors Inc. ADV lowered its position in shares of United Rentals, Inc. (NYSE:URI) by 5.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,545 shares of the construction company’s stock after selling 770 shares during the period. United Rentals comprises about 1.1% of Hudson Valley Investment Advisors Inc. ADV’s investment portfolio, making the stock its 29th biggest holding. Hudson Valley Investment Advisors Inc. ADV’s holdings in United Rentals were worth $9,542,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Acadian Asset Management LLC bought a new stake in shares of United Rentals in the second quarter worth about $1,153,000. Quest Partners LLC grew its position in shares of United Rentals by 26.0% in the 2nd quarter. Quest Partners LLC now owns 852 shares of the construction company’s stock worth $551,000 after buying an additional 176 shares during the last quarter. Coldstream Capital Management Inc. increased its stake in shares of United Rentals by 2.1% during the second quarter. Coldstream Capital Management Inc. now owns 2,335 shares of the construction company’s stock valued at $1,510,000 after buying an additional 49 shares during the period. MGO One Seven LLC raised its holdings in shares of 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 in the last quarter. Finally, HHM Wealth Advisors LLC lifted its stake in United Rentals by 280.0% in the second quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company’s stock worth $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 Stock Performance

Shares of URI opened at $671.38 on Friday. 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 stock has a market cap 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. The business’s 50 day moving average price is $791.48 and its 200-day moving average price is $757.07. United Rentals, Inc. has a 52 week low of $536.83 and a 52 week high of $896.98.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS 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 company had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period last year, the firm posted $11.73 earnings per share. The company’s revenue was up 6.0% compared to the same quarter last year. Equities research analysts anticipate that United Rentals, Inc. will post 43.46 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a yield of 0.97%. 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 United Rentals stock in a transaction on Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the completion of the sale, the senior vice president now owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. This trade represents a 30.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.53% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

URI has been the topic of a number of research analyst reports. Barclays boosted their price objective on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. Argus boosted their price target on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Robert W. Baird raised their price objective on shares of United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a report on Thursday, October 3rd. Truist Financial lifted their price objective on United Rentals from $955.00 to $965.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, Citigroup increased their target price on United Rentals from $955.00 to $985.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Two analysts have rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $817.08.

United Rentals Company 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.