Deutsche Bank AG Lowers Stock Position in United Rentals, Inc. (NYSE:URI)

Key Points

• Deutsche Bank AG reduced its stake in United Rentals by 0.6%, owning 223,035 shares worth approximately $139.8 million as of the last reporting period.
• United Rentals reported earnings of $10.47 per share for the latest quarter, below analysts' expectations of $10.54, although its revenue for the quarter was higher than anticipated.
• The company announced a quarterly dividend of $1.79 per share, with a dividend yield of 0.8%, to be paid on August 27th.

Deutsche Bank AG lowered its position in United Rentals, Inc. (NYSE:URI - Free Report) by 0.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 223,035 shares of the construction company's stock after selling 1,281 shares during the period. Deutsche Bank AG owned about 0.34% of United Rentals worth $139,776,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Forum Financial Management LP raised its holdings in shares of United Rentals by 1.9% in the fourth quarter. Forum Financial Management LP now owns 749 shares of the construction company's stock valued at $528,000 after purchasing an additional 14 shares during the last quarter. Centaurus Financial Inc. increased its holdings in United Rentals by 1.7% during the fourth quarter. Centaurus Financial Inc. now owns 999 shares of the construction company's stock worth $704,000 after buying an additional 17 shares during the last quarter. Leavell Investment Management Inc. increased its holdings in United Rentals by 3.6% during the first quarter. Leavell Investment Management Inc. now owns 515 shares of the construction company's stock worth $323,000 after buying an additional 18 shares during the last quarter. Baer Investment Advisory LLC increased its holdings in United Rentals by 0.6% during the first quarter. Baer Investment Advisory LLC now owns 3,202 shares of the construction company's stock worth $2,007,000 after buying an additional 18 shares during the last quarter. Finally, HBK Sorce Advisory LLC increased its holdings in United Rentals by 4.0% during the first quarter. HBK Sorce Advisory LLC now owns 490 shares of the construction company's stock worth $307,000 after buying an additional 19 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company's stock.

United Rentals Price Performance

Shares of NYSE:URI opened at $858.99 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $55.27 billion, a PE ratio of 22.21, a P/E/G ratio of 1.98 and a beta of 1.72. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $903.60. The company has a 50-day moving average price of $780.39 and a two-hundred day moving average price of $703.43.

United Rentals (NYSE:URI - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share for the quarter, missing analysts' consensus estimates of $10.54 by ($0.07). The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%. United Rentals's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $10.70 EPS. Equities analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th will be given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, August 13th. United Rentals's dividend payout ratio (DPR) is 18.52%.

Insider Activity at United Rentals

In other news, VP Andrew B. Limoges sold 708 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were 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 directly owned 1,921 shares in the company, valued at approximately $1,355,957.06. This trade represents a 26.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on URI shares. Redburn Atlantic downgraded shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price objective for the company. in a report on Friday, June 13th. Robert W. Baird raised their price objective on shares of United Rentals from $535.00 to $571.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. Barclays raised their price objective on shares of United Rentals from $565.00 to $620.00 and gave the stock an "underweight" rating in a report on Monday, July 21st. Bank of America raised their price objective on shares of United Rentals from $895.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Finally, Evercore ISI decreased their price objective on shares of United Rentals from $974.00 to $921.00 and set an "outperform" rating for the company in a report on Monday, May 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, United Rentals has an average rating of "Moderate Buy" and an average target price of $830.71.

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.

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