B. Metzler seel. Sohn & Co. AG Acquires New Position in United Rentals, Inc. $URI

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 35,079 United Rentals shares worth approximately $39.7 million, while institutional investors collectively own 96.26% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $1,246.19; several firms recently raised their targets.
• United Rentals reported quarterly adjusted earnings of $12.76 per share and revenue of $4.41 billion, both ahead of estimates. The company also declared a $1.97 quarterly dividend, while shares recently traded around $1,094.54.

B. Metzler seel. Sohn & Co. AG bought a new position in United Rentals, Inc. (NYSE:URI - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm bought 35,079 shares of the construction company's stock, valued at approximately $39,740,000. B. Metzler seel. Sohn & Co. AG owned approximately 0.06% of United Rentals as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of United Rentals in the 2nd quarter valued at $5,816,326,000. Norges Bank acquired a new stake in United Rentals during the 4th quarter worth about $978,017,000. Bank of New York Mellon Corp acquired a new stake in United Rentals during the 2nd quarter worth about $412,860,000. Corient Private Wealth LLC grew its stake in United Rentals by 1,667.4% during the 4th quarter. Corient Private Wealth LLC now owns 343,965 shares of the construction company's stock valued at $278,378,000 after purchasing an additional 324,503 shares during the last quarter. Finally, Deutsche Bank AG purchased a new stake in United Rentals during the 2nd quarter valued at about $218,508,000. Institutional investors and hedge funds own 96.26% of the company's stock.

Insider Buying and Selling

In related news, EVP William E. Grace sold 1,500 shares of the business's stock in a transaction on Friday, July 24th. The shares were sold at an average price of $1,133.15, for a total value of $1,699,725.00. Following the completion of the sale, the executive vice president owned 6,062 shares of the company's stock, valued at approximately $6,869,155.30. The trade was a 19.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.47% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on URI shares. Robert W. Baird set a $1,300.00 target price on United Rentals in a report on Friday, July 24th. Wall Street Zen raised shares of United Rentals from a "hold" rating to a "buy" rating in a research report on Saturday, July 25th. Citigroup lifted their price objective on shares of United Rentals from $1,270.00 to $1,330.00 and gave the company a "buy" rating in a research note on Friday, July 24th. Bank of America increased their price objective on shares of United Rentals from $1,195.00 to $1,300.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Finally, Truist Financial raised their target price on shares of United Rentals from $1,421.00 to $1,466.00 and gave the stock a "buy" rating in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $1,246.19.

United Rentals Trading Down 2.0%

Shares of United Rentals stock opened at $1,094.54 on Friday. The firm has a 50-day simple moving average of $1,098.84 and a two-hundred day simple moving average of $948.49. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.70 and a current ratio of 0.76. United Rentals, Inc. has a fifty-two week low of $701.59 and a fifty-two week high of $1,179.18. The company has a market cap of $68.12 billion, a P/E ratio of 26.29, a price-to-earnings-growth ratio of 1.44 and a beta of 1.80.

United Rentals (NYSE:URI - Get Free Report) last posted its earnings results on Tuesday, July 21st. The construction company reported $12.76 EPS for the quarter, beating analysts' consensus estimates of $11.53 by $1.23. United Rentals had a return on equity of 31.72% and a net margin of 15.67%.The firm had revenue of $4.41 billion for the quarter, compared to analysts' expectations of $4.22 billion. During the same period last year, the firm earned $10.47 EPS. The company's quarterly revenue was up 11.8% on a year-over-year basis. As a group, equities analysts predict that United Rentals, Inc. will post 48.55 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th will be issued a $1.97 dividend. This represents a $7.88 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, August 12th. United Rentals's dividend payout ratio (DPR) is presently 18.92%.

About United Rentals

United Rentals, Inc NYSE: URI is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company's product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.

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