DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Acquires 6,166 Shares of United Rentals, Inc. (NYSE:URI)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 35.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,394 shares of the construction company's stock after acquiring an additional 6,166 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in United Rentals were worth $16,480,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of URI. Rialto Wealth Management LLC bought a new position in shares of United Rentals during the fourth quarter valued at $25,000. ORG Wealth Partners LLC bought a new position in shares of United Rentals during the fourth quarter valued at $26,000. Murphy & Mullick Capital Management Corp bought a new position in shares of United Rentals during the fourth quarter valued at $27,000. Meeder Asset Management Inc. lifted its holdings in shares of United Rentals by 241.7% during the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock valued at $29,000 after purchasing an additional 29 shares in the last quarter. Finally, Hanson & Doremus Investment Management bought a new position in shares of United Rentals during the fourth quarter valued at $33,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. UBS Group downgraded United Rentals from a "buy" rating to a "sell" rating and lowered their price target for the company from $910.00 to $485.00 in a report on Monday, April 7th. Truist Financial increased their target price on United Rentals from $732.00 to $786.00 and gave the company a "buy" rating in a report on Friday, April 25th. Cfra Research raised United Rentals to a "strong-buy" rating in a report on Friday, April 25th. Sanford C. Bernstein raised United Rentals from an "underperform" rating to a "market perform" rating and lowered their target price for the company from $705.00 to $666.00 in a report on Tuesday, March 25th. Finally, Evercore ISI lowered their target price on United Rentals from $1,004.00 to $974.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Two analysts have rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $725.69.

Insider Buying and Selling

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of the firm's stock in a transaction that occurred 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 transaction, the vice president now owns 1,921 shares in the company, valued at $1,355,957.06. This trade represents a 26.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Michael D. Durand sold 1,100 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president now owns 8,748 shares of the company's stock, valued at $5,478,697.44. This represents a 11.17% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,908 shares of company stock worth $1,890,567. 0.53% of the stock is owned by corporate insiders.

United Rentals Stock Performance

URI traded up $40.00 during midday trading on Monday, reaching $712.40. The company had a trading volume of 1,002,660 shares, compared to its average volume of 599,213. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The business has a 50-day moving average of $616.74 and a two-hundred day moving average of $712.90. The company has a market cap of $46.31 billion, a P/E ratio of 18.38, a P/E/G ratio of 1.43 and a beta of 1.70. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing analysts' consensus estimates 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 business's quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $9.15 EPS. As a group, equities research analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be given a dividend of $1.79 per share. 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 is currently 18.54%.

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.