Deutsche Bank AG Increases Position in United Rentals, Inc. (NYSE:URI)

Deutsche Bank AG boosted its position in United Rentals, Inc. (NYSE:URI - Free Report) by 28.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 224,316 shares of the construction company's stock after buying an additional 49,196 shares during the quarter. Deutsche Bank AG owned approximately 0.34% of United Rentals worth $158,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Capital World Investors boosted its stake in United Rentals by 17.1% in the fourth quarter. Capital World Investors now owns 2,221,228 shares of the construction company's stock worth $1,564,722,000 after buying an additional 323,636 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of United Rentals by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,587,203 shares of the construction company's stock valued at $1,115,142,000 after purchasing an additional 20,401 shares during the period. Alliancebernstein L.P. boosted its stake in shares of United Rentals by 16.0% during the fourth quarter. Alliancebernstein L.P. now owns 1,250,324 shares of the construction company's stock valued at $880,778,000 after purchasing an additional 172,340 shares during the period. Franklin Resources Inc. boosted its stake in shares of United Rentals by 9.8% during the fourth quarter. Franklin Resources Inc. now owns 1,093,350 shares of the construction company's stock valued at $770,199,000 after purchasing an additional 97,336 shares during the period. Finally, Capital International Investors boosted its stake in shares of United Rentals by 41.0% during the fourth quarter. Capital International Investors now owns 1,051,365 shares of the construction company's stock valued at $740,624,000 after purchasing an additional 305,491 shares during the period. Hedge funds and other institutional investors own 96.26% of the company's stock.

United Rentals Stock Performance

URI stock traded up $40.00 during midday trading on Monday, reaching $712.40. 1,002,660 shares of the company's stock traded hands, compared to its average volume of 599,213. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $896.98. The stock has a market cap of $46.31 billion, a P/E ratio of 18.38, a PEG ratio of 1.43 and a beta of 1.70. The stock's 50-day moving average is $618.32 and its 200 day moving average is $712.20.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing the consensus estimate of $8.92 by ($0.06). The company had revenue of $3.72 billion during the quarter, compared to analysts' expectations of $3.61 billion. United Rentals had a return on equity of 34.21% and a net margin of 16.78%. The company's revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the company earned $9.15 earnings per share. As a group, analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be paid a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Wednesday, May 14th. United Rentals's dividend payout ratio (DPR) is currently 18.54%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on URI shares. Cfra Research raised United Rentals to a "strong-buy" rating in a research note on Friday, April 25th. JPMorgan Chase & Co. reduced their target price on shares of United Rentals from $1,000.00 to $750.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Sanford C. Bernstein raised shares of United Rentals from an "underperform" rating to a "market perform" rating and cut their price objective for the company from $705.00 to $666.00 in a research report on Tuesday, March 25th. Baird R W raised shares of United Rentals from a "strong sell" rating to a "hold" rating in a research report on Tuesday, January 14th. Finally, Robert W. Baird increased their price objective on shares of United Rentals from $535.00 to $571.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, United Rentals presently has an average rating of "Moderate Buy" and an average target price of $725.69.

Insider Activity

In other news, EVP Michael D. Durand sold 1,100 shares of the stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total value of $688,908.00. Following the completion of the sale, the executive vice president now directly owns 8,748 shares of the company's stock, valued at $5,478,697.44. This represents a 11.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Andrew B. Limoges sold 708 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $705.86, for a total transaction of $499,748.88. Following the completion of the sale, the vice president now directly owns 1,921 shares of the company's stock, valued at approximately $1,355,957.06. This trade represents a 26.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,908 shares of company stock valued at $1,890,567 in the last ninety days. Corporate insiders own 0.53% of the company's stock.

United Rentals 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.