Hancock Whitney Corp Sells 27 Shares of United Rentals, Inc. (NYSE:URI)

Hancock Whitney Corp lessened its stake in United Rentals, Inc. (NYSE:URI) by 1.6% in the fourth quarter, HoldingsChannel reports. The fund owned 1,706 shares of the construction company’s stock after selling 27 shares during the period. Hancock Whitney Corp’s holdings in United Rentals were worth $1,202,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. GHP Investment Advisors Inc. raised its holdings in United Rentals by 6.3% during the 4th quarter. GHP Investment Advisors Inc. now owns 14,855 shares of the construction company’s stock valued at $10,464,000 after buying an additional 877 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in United Rentals by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 445,214 shares of the construction company’s stock valued at $313,627,000 after purchasing an additional 6,787 shares during the last quarter. Fiduciary Alliance LLC lifted its holdings in United Rentals by 196.5% in the 4th quarter. Fiduciary Alliance LLC now owns 1,420 shares of the construction company’s stock worth $1,000,000 after buying an additional 941 shares during the period. Blueshift Asset Management LLC purchased a new stake in United Rentals in the 4th quarter worth approximately $649,000. Finally, Nordea Investment Management AB grew its position in shares of United Rentals by 7.6% in the 4th quarter. Nordea Investment Management AB now owns 732,954 shares of the construction company’s stock worth $517,018,000 after buying an additional 52,037 shares during the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Truist Financial raised their price target on United Rentals from $732.00 to $786.00 and gave the stock a “buy” rating in a research note on Friday. Sanford C. Bernstein raised shares of United Rentals from an “underperform” rating to a “market perform” rating and cut their target price for the company from $705.00 to $666.00 in a research note on Tuesday, March 25th. Evercore ISI reduced their price target on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. Morgan Stanley upgraded shares of United Rentals from an “equal weight” rating to an “overweight” rating and set a $702.00 price objective for the company in a report on Wednesday, April 16th. Finally, Citigroup decreased their target price on United Rentals from $720.00 to $650.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, United Rentals has a consensus rating of “Moderate Buy” and a consensus target price of $727.43.

United Rentals Stock Performance

Shares of United Rentals stock opened at $634.70 on Friday. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $896.98. The firm’s 50-day moving average is $615.93 and its 200 day moving average is $727.00. The stock has a market cap of $41.47 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 1.43 and a beta of 1.72. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.92 by ($0.06). The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.61 billion. United Rentals had a return on equity of 34.21% and a net margin of 16.78%. Sell-side analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be issued a $1.79 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $7.16 annualized dividend and a yield of 1.13%. United Rentals’s payout ratio is 18.54%.

Insiders Place Their Bets

In other news, CFO William E. Grace sold 1,100 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $638.10, for a total transaction of $701,910.00. Following the completion of the transaction, the chief financial officer now directly owns 6,880 shares of the company’s stock, valued at $4,390,128. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.53% of the stock is owned by insiders.

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.