Deutsche Bank AG Takes $218.51 Million Position in United Rentals, Inc. $URI

Deutsche Bank AG bought a new position in United Rentals, Inc. (NYSE:URI - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 192,877 shares of the construction company's stock, valued at approximately $218,508,000. Deutsche Bank AG owned approximately 0.31% of United Rentals at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. SFE Investment Counsel purchased a new stake in shares of United Rentals during the second quarter worth $12,765,000. Eventide Asset Management LLC boosted its holdings in United Rentals by 19.6% in the fourth quarter. Eventide Asset Management LLC now owns 95,940 shares of the construction company's stock valued at $77,666,000 after purchasing an additional 15,696 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in United Rentals by 52.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 3,241 shares of the construction company's stock valued at $2,623,000 after purchasing an additional 1,109 shares during the period. Geneos Wealth Management Inc. grew its stake in United Rentals by 9.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 10,782 shares of the construction company's stock worth $7,855,000 after purchasing an additional 950 shares in the last quarter. Finally, WINTON GROUP Ltd grew its stake in United Rentals by 995.1% during the 4th quarter. WINTON GROUP Ltd now owns 13,612 shares of the construction company's stock worth $11,016,000 after purchasing an additional 12,369 shares in the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on URI. Zacks Research raised shares of United Rentals from a "hold" rating to a "strong-buy" rating in a report on Monday, July 27th. Raymond James Financial reaffirmed an "outperform" rating and set a $1,275.00 price target on shares of United Rentals in a report on Wednesday, June 10th. Morgan Stanley set a $1,335.00 target price on United Rentals and gave the stock an "overweight" rating in a research report on Friday, July 24th. Truist Financial upped their price target on United Rentals from $1,421.00 to $1,466.00 and gave the company a "buy" rating in a report on Friday, July 24th. Finally, Wells Fargo & Company raised their price objective on shares of United Rentals from $1,245.00 to $1,355.00 and gave the stock an "overweight" rating in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,246.19.

Insider Activity

In other news, EVP William E. Grace sold 1,500 shares of the company's stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 6,062 shares in the company, valued at $6,869,155.30. This represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.47% of the company's stock.

United Rentals Trading Down 4.1%

Shares of United Rentals stock opened at $1,117.24 on Wednesday. United Rentals, Inc. has a 1 year low of $701.59 and a 1 year high of $1,179.18. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.70 and a current ratio of 0.76. The company has a market capitalization of $69.54 billion, a P/E ratio of 26.83, a PEG ratio of 1.49 and a beta of 1.80. The company's fifty day moving average is $1,097.10 and its two-hundred day moving average is $943.95.

United Rentals (NYSE:URI - Get Free Report) last announced 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 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 period in the prior year, the company earned $10.47 earnings per share. The business's revenue was up 11.8% compared to the same quarter last year. Analysts forecast that United Rentals, Inc. will post 48.55 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th will be issued a $1.97 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.7%. United Rentals's payout ratio 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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