B. Metzler seel. Sohn & Co. AG Sells 9,564 Shares of United Rentals, Inc. $URI

Key Points

• B. Metzler seel. Sohn & Co. AG reduced its United Rentals stake by 21.4%, selling 9,564 shares and retaining 35,079 shares worth approximately $39.74 million. Institutional investors collectively own 96.26% of the company.
• United Rentals reported a quarterly earnings beat, with EPS of $12.76 versus $11.53 expected and revenue of $4.41 billion, up 11.8% year over year. The company also pays a quarterly dividend of $1.97, representing a 0.8% annualized yield.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $1,246.19, above its reported share price of $979.66.

B. Metzler seel. Sohn & Co. AG lowered its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 21.4% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 35,079 shares of the construction company's stock after selling 9,564 shares during the period. B. Metzler seel. Sohn & Co. AG owned approximately 0.06% of United Rentals worth $39,740,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in URI. Coppell Advisory Solutions LLC acquired a new position in shares of United Rentals in the second quarter valued at $574,000. XML Financial LLC acquired a new stake in United Rentals during the second quarter worth $223,000. KFA Private Wealth Group LLC acquired a new stake in United Rentals during the second quarter worth $200,000. Symphony Financial Ltd. Co. bought a new stake in United Rentals in the 2nd quarter valued at $246,000. Finally, Acorn Wealth Advisors LLC increased its holdings in United Rentals by 22.4% in the 2nd quarter. Acorn Wealth Advisors LLC now owns 706 shares of the construction company's stock valued at $800,000 after buying an additional 129 shares during the period. Institutional investors own 96.26% of the company's stock.

United Rentals Stock Down 1.1%

Shares of NYSE:URI opened at $979.66 on Thursday. The company's fifty day moving average is $1,092.68 and its 200-day moving average is $960.48. 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 52 week low of $701.59 and a 52 week high of $1,179.18. The company has a market capitalization of $60.97 billion, a PE ratio of 23.53, a P/E/G ratio of 1.46 and a beta of 1.79.

United Rentals (NYSE:URI - Get Free Report) last announced its earnings results on Tuesday, July 21st. The construction company reported $12.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $11.53 by $1.23. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The business had revenue of $4.41 billion during the quarter, compared to analysts' expectations of $4.22 billion. During the same quarter last year, the company posted $10.47 EPS. The firm's revenue for the quarter was up 11.8% on a year-over-year basis. Equities research analysts predict that United Rentals, Inc. will post 48.55 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, August 26th. Shareholders of record on Wednesday, August 12th were given a $1.97 dividend. This represents a $7.88 annualized dividend and a yield of 0.8%. The ex-dividend date was Wednesday, August 12th. United Rentals's dividend payout ratio (DPR) is presently 18.92%.

Insiders Place Their Bets

In other United Rentals news, EVP William E. Grace sold 1,500 shares of the company's stock in a transaction on Friday, July 24th. The stock was sold at an average price of $1,133.15, for a total transaction of $1,699,725.00. Following the transaction, the executive vice president owned 6,062 shares of the company's stock, valued at approximately $6,869,155.30. This represents a 19.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.47% of the stock is owned by company insiders.

Analysts Set New Price Targets

URI has been the subject of a number of analyst reports. Weiss Ratings raised shares of United Rentals from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, July 23rd. KeyCorp reissued an "overweight" rating and issued a $1,350.00 target price on shares of United Rentals in a research note on Friday, July 24th. Barclays increased their price target on shares of United Rentals from $715.00 to $950.00 and gave the stock an "underweight" rating in a research report on Friday, July 24th. Raymond James Financial reaffirmed an "outperform" rating and set a $1,275.00 price objective on shares of United Rentals in a report on Wednesday, June 10th. Finally, Argus reiterated a "buy" rating and issued a $1,250.00 price objective on shares of United Rentals in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,246.19.

United Rentals Company Profile

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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