Mn Services Vermogensbeheer B.V. Decreases Stake in United Rentals, Inc. (NYSE:URI)

Mn Services Vermogensbeheer B.V. cut its position in shares of United Rentals, Inc. (NYSE:URI) by 2.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 26,049 shares of the construction company’s stock after selling 600 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in United Rentals were worth $21,093,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in URI. Mirae Asset Global Investments Co. Ltd. lifted its position in United Rentals by 11.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,203 shares of the construction company’s stock worth $7,492,000 after buying an additional 964 shares during the period. Essex Financial Services Inc. lifted its holdings in United Rentals by 31.9% during the 2nd quarter. Essex Financial Services Inc. now owns 563 shares of the construction company’s stock worth $364,000 after buying an additional 136 shares during the last quarter. Forsta AP Fonden lifted its holdings in United Rentals by 2.8% during the 1st quarter. Forsta AP Fonden now owns 14,600 shares of the construction company’s stock worth $10,528,000 after buying an additional 400 shares during the last quarter. Tidal Investments LLC lifted its holdings in United Rentals by 241.2% during the 1st quarter. Tidal Investments LLC now owns 4,859 shares of the construction company’s stock worth $3,504,000 after buying an additional 3,435 shares during the last quarter. Finally, BDF Gestion bought a new stake in shares of United Rentals in the 2nd quarter worth approximately $2,998,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on URI shares. Evercore ISI raised their target price on United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Truist Financial lifted their target price on United Rentals from $954.00 to $955.00 and gave the stock a “buy” rating in a report on Friday, October 25th. The Goldman Sachs Group lifted their target price on United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Citigroup lifted their target price on United Rentals from $930.00 to $955.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Barclays boosted their price target on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a report on Friday, October 25th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $742.50.

United Rentals Price Performance

NYSE:URI opened at $785.99 on Tuesday. 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 stock’s 50-day simple moving average is $781.33 and its 200 day simple moving average is $713.61. The company has a market cap of $51.58 billion, a P/E ratio of 20.53, a P/E/G ratio of 1.85 and a beta of 1.68. United Rentals, Inc. has a 52-week low of $432.82 and a 52-week high of $861.74.

United Rentals (NYSE:URI) last announced its quarterly earnings results 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 for the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. United Rentals’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned $11.73 EPS. As a group, sell-side analysts forecast that United Rentals, Inc. will post 43.66 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Wednesday, November 13th. United Rentals’s dividend payout ratio (DPR) is presently 17.03%.

Insiders Place Their Bets

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the transaction, the senior vice president now owns 2,044 shares of the company’s stock, valued at $1,682,702.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.49% 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.