Tredje AP fonden Trims Stake in United Rentals, Inc. (NYSE:URI)

Tredje AP fonden lessened its holdings in United Rentals, Inc. (NYSE:URI) by 4.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 109,154 shares of the construction company’s stock after selling 5,355 shares during the period. Tredje AP fonden owned 0.17% of United Rentals worth $70,593,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in URI. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of United Rentals by 15.4% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,089 shares of the construction company’s stock valued at $704,000 after acquiring an additional 145 shares during the last quarter. Argent Trust Co raised its stake in United Rentals by 67.2% in the second quarter. Argent Trust Co now owns 2,119 shares of the construction company’s stock valued at $1,370,000 after purchasing an additional 852 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in United Rentals by 2.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 31,777 shares of the construction company’s stock valued at $21,029,000 after purchasing an additional 889 shares during the last quarter. SYSTM Wealth Solutions LLC grew its stake in United Rentals by 8.8% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 1,163 shares of the construction company’s stock worth $752,000 after buying an additional 94 shares in the last quarter. Finally, Moors & Cabot Inc. increased its holdings in shares of United Rentals by 22.4% in the 2nd quarter. Moors & Cabot Inc. now owns 17,271 shares of the construction company’s stock worth $11,170,000 after buying an additional 3,159 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of United Rentals stock opened at $771.63 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.39. United Rentals, Inc. has a 52 week low of $387.01 and a 52 week high of $789.80. The company has a market cap of $51.04 billion, a PE ratio of 20.90, a P/E/G ratio of 1.65 and a beta of 1.68. The business has a 50 day moving average of $712.20 and a 200 day moving average of $684.81.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.48 by $0.22. The company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.77 billion. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. United Rentals’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $9.88 earnings per share. As a group, equities research analysts forecast that United Rentals, Inc. will post 44.39 earnings per share for the current year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Wednesday, August 14th. United Rentals’s dividend payout ratio (DPR) is presently 17.66%.

Insider Transactions at United Rentals

In related news, SVP Joli L. Gross sold 360 shares of United Rentals stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $690.00, for a total transaction of $248,400.00. Following the completion of the transaction, the senior vice president now directly owns 4,090 shares of the company’s stock, valued at approximately $2,822,100. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

URI has been the subject of several research reports. Raymond James initiated coverage on shares of United Rentals in a research report on Friday, June 28th. They issued an “outperform” rating and a $750.00 target price for the company. The Goldman Sachs Group increased their price objective on United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Truist Financial boosted their target price on United Rentals from $785.00 to $873.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Evercore ISI increased their price target on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Finally, Citigroup started coverage on shares of United Rentals in a report on Wednesday, June 26th. They issued a “buy” rating and a $745.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, United Rentals has an average rating of “Hold” and an average price target of $675.15.

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.