Danske Bank A S Lowers Stock Position in United Rentals, Inc. $URI

Key Points

• Danske Bank A/S trimmed its stake in United Rentals by 25.4% in Q4, selling 11,339 shares and holding 33,292 shares valued at about $26.94 million.
• Insiders have been net sellers: CEO Matthew Flannery sold 22,768 shares for roughly $22.4 million, and insiders disposed of 30,076 shares totaling about $28.8 million over the past three months.
• United Rentals missed quarterly expectations (EPS $9.71 vs. $11.47 estimated; revenue $3.99B vs. $4.20B), but the board approved a $5.00 billion share repurchase program and declared a quarterly dividend of $1.97 (annualized $7.88, ~0.8% yield).

Danske Bank A S cut its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 25.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 33,292 shares of the construction company's stock after selling 11,339 shares during the period. Danske Bank A S owned 0.05% of United Rentals worth $26,944,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Aventura Private Wealth LLC purchased a new stake in shares of United Rentals during the 4th quarter valued at $27,000. Salomon & Ludwin LLC grew its stake in shares of United Rentals by 650.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 30 shares of the construction company's stock valued at $29,000 after buying an additional 26 shares during the period. Abich Financial Wealth Management LLC purchased a new stake in shares of United Rentals during the 3rd quarter valued at $29,000. Cedar Mountain Advisors LLC purchased a new stake in shares of United Rentals during the 3rd quarter valued at $32,000. Finally, Board of the Pension Protection Fund purchased a new stake in shares of United Rentals during the 4th quarter valued at $32,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at United Rentals

In other United Rentals news, CEO Matthew John Flannery sold 22,768 shares of the business's stock in a transaction on Friday, April 24th. The shares were sold at an average price of $984.98, for a total value of $22,426,024.64. Following the transaction, the chief executive officer owned 99,980 shares in the company, valued at $98,478,300.40. The trade was a 18.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Andrew B. Limoges sold 548 shares of the business's stock in a transaction on Friday, April 24th. The stock was sold at an average price of $977.86, for a total transaction of $535,867.28. Following the completion of the transaction, the vice president owned 1,865 shares in the company, valued at $1,823,708.90. This represents a 22.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 30,076 shares of company stock worth $28,783,569 over the last three months. Insiders own 0.47% of the company's stock.

United Rentals Stock Performance

NYSE:URI opened at $952.13 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $59.65 billion, a price-to-earnings ratio of 24.29, a PEG ratio of 1.51 and a beta of 1.83. The firm's fifty day simple moving average is $802.13 and its 200 day simple moving average is $841.19. United Rentals, Inc. has a twelve month low of $645.18 and a twelve month high of $1,021.47.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing analysts' consensus estimates of $11.47 by ($1.76). United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the prior year, the firm earned $8.86 EPS. The business's quarterly revenue was up 7.2% compared to the same quarter last year. As a group, equities research analysts expect that United Rentals, Inc. will post 46.99 earnings per share for the current fiscal year.

United Rentals declared that its Board of Directors has approved a share repurchase program on Wednesday, January 28th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the construction company to buy up to 8.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th will be issued a $1.97 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $7.88 dividend on an annualized basis and a yield of 0.8%. United Rentals's payout ratio is currently 20.10%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on URI. Citigroup lifted their target price on shares of United Rentals from $950.00 to $1,130.00 and gave the company a "buy" rating in a report on Friday, April 24th. JPMorgan Chase & Co. lifted their target price on shares of United Rentals from $850.00 to $1,050.00 and gave the company an "overweight" rating in a report on Friday, April 24th. Truist Financial set a $1,209.00 target price on shares of United Rentals in a report on Friday, April 24th. Royal Bank Of Canada lifted their target price on shares of United Rentals from $1,041.00 to $1,119.00 and gave the company an "outperform" rating in a report on Friday, April 24th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of United Rentals in a report on Monday, April 20th. Thirteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $986.35.

United Rentals 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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