Achmea Investment Management B.V. Boosts Stock Holdings in United Rentals, Inc. (NYSE:URI)

Achmea Investment Management B.V. lifted its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 47.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,431 shares of the construction company's stock after purchasing an additional 784 shares during the quarter. Achmea Investment Management B.V.'s holdings in United Rentals were worth $1,523,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in URI. Oppenheimer Asset Management Inc. boosted its holdings in shares of United Rentals by 1.9% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 5,600 shares of the construction company's stock valued at $3,945,000 after acquiring an additional 103 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in United Rentals by 2.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 1,963 shares of the construction company's stock valued at $1,383,000 after acquiring an additional 46 shares during the period. Flputnam Investment Management Co. grew its stake in shares of United Rentals by 1.9% in the fourth quarter. Flputnam Investment Management Co. now owns 9,682 shares of the construction company's stock worth $6,820,000 after purchasing an additional 180 shares during the last quarter. SVB Wealth LLC acquired a new stake in United Rentals in the fourth quarter valued at $5,383,000. Finally, Fisher Asset Management LLC raised its position in United Rentals by 27.1% during the 4th quarter. Fisher Asset Management LLC now owns 55,460 shares of the construction company's stock worth $39,069,000 after purchasing an additional 11,810 shares during the last quarter. Institutional investors own 96.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on URI shares. Sanford C. Bernstein raised United Rentals from an "underperform" rating to a "market perform" rating and decreased their price target for the company from $705.00 to $666.00 in a research note on Tuesday, March 25th. Bank of America reduced their target price on United Rentals from $850.00 to $750.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Truist Financial increased their target price on shares of United Rentals from $732.00 to $786.00 and gave the company a "buy" rating in a research report on Friday, April 25th. Robert W. Baird boosted their price target on shares of United Rentals from $535.00 to $571.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Finally, Cfra Research upgraded shares of United Rentals to a "strong-buy" rating in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $766.23.

Insiders Place Their Bets

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of United Rentals stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $705.86, for a total transaction of $499,748.88. Following the transaction, the vice president now owns 1,921 shares of the company's stock, 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 Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael D. Durand sold 1,100 shares of the company'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 completion of the transaction, the executive vice president now directly owns 8,748 shares of the company's stock, valued at approximately $5,478,697.44. This represents a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.51% of the company's stock.

United Rentals Stock Up 0.1%

Shares of NYSE URI traded up $1.04 during trading on Monday, hitting $753.66. 53,719 shares of the company traded hands, compared to its average volume of 584,881. The firm has a market capitalization of $48.99 billion, a price-to-earnings ratio of 19.55, a P/E/G ratio of 1.84 and a beta of 1.71. The business's fifty day moving average is $688.57 and its 200 day moving average is $681.77. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.79 and a current ratio of 0.85. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share for the quarter, missing analysts' consensus estimates of $8.92 by ($0.06). The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.61 billion. United Rentals had a return on equity of 33.11% and a net margin of 16.38%. The company's revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $9.15 EPS. Equities research analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 0.95%. The ex-dividend date was Wednesday, May 14th. United Rentals's dividend payout ratio (DPR) is presently 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.