AEGON ASSET MANAGEMENT UK Plc Has $44.18 Million Stock Position in United Rentals, Inc. (NYSE:URI)

AEGON ASSET MANAGEMENT UK Plc decreased its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 10.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 70,537 shares of the construction company's stock after selling 8,466 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.11% of United Rentals worth $44,175,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in URI. Rialto Wealth Management LLC bought a new stake in shares of United Rentals during the 4th quarter valued at $25,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of United Rentals during the 4th quarter valued at $27,000. Meeder Asset Management Inc. raised its position in shares of United Rentals by 241.7% during the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock valued at $29,000 after acquiring an additional 29 shares during the last quarter. Kestra Investment Management LLC bought a new stake in shares of United Rentals during the 4th quarter valued at $34,000. Finally, OFI Invest Asset Management bought a new stake in shares of United Rentals during the 4th quarter valued at $36,000. Institutional investors own 96.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on URI. Truist Financial upped their price objective 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. JPMorgan Chase & Co. upped their price objective on shares of United Rentals from $780.00 to $920.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Bank of America lowered their price objective on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Cfra Research upgraded shares of United Rentals to a "strong-buy" rating in a research report on Friday, April 25th. Finally, The Goldman Sachs Group upped their price objective on shares of United Rentals from $770.00 to $850.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $753.15.

United Rentals Stock Up 1.1%

URI stock traded up $7.84 during trading hours on Friday, reaching $707.02. 302,166 shares of the stock were exchanged, compared to its average volume of 596,855. The firm's 50-day moving average is $650.15 and its 200-day moving average is $697.32. The company has a market cap of $45.96 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 1.43 and a beta of 1.71. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $896.98.

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

United Rentals Announces Dividend

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

Insider Activity

In other news, VP Andrew B. Limoges sold 708 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $705.86, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael D. Durand sold 1,100 shares of the firm's stock in a transaction dated 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 owns 8,748 shares of the company's stock, valued at $5,478,697.44. The trade was a 11.17% decrease in their position. The disclosure for this sale can be found here. 0.51% of the stock is owned by corporate insiders.

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.