United Rentals, Inc. (NYSE:URI) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its position in United Rentals, Inc. (NYSE:URI - Free Report) by 2.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,500 shares of the construction company's stock after buying an additional 473 shares during the period. Handelsbanken Fonder AB's holdings in United Rentals were worth $10,967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Union Bancaire Privee UBP SA purchased a new position in shares of United Rentals during the 4th quarter valued at $16,253,000. Kestra Private Wealth Services LLC raised its holdings in United Rentals by 14.2% during the fourth quarter. Kestra Private Wealth Services LLC now owns 1,607 shares of the construction company's stock valued at $1,132,000 after acquiring an additional 200 shares during the period. Savant Capital LLC lifted its position in shares of United Rentals by 6.1% in the fourth quarter. Savant Capital LLC now owns 1,401 shares of the construction company's stock valued at $987,000 after acquiring an additional 81 shares in the last quarter. Leavell Investment Management Inc. boosted its stake in shares of United Rentals by 8.8% in the fourth quarter. Leavell Investment Management Inc. now owns 497 shares of the construction company's stock worth $350,000 after acquiring an additional 40 shares during the period. Finally, Certuity LLC purchased a new stake in shares of United Rentals during the fourth quarter worth about $229,000. Institutional investors own 96.26% of the company's stock.

Wall Street Analyst Weigh In

URI has been the subject of several research analyst reports. Bank of America cut their target price on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Cfra Research upgraded United Rentals to a "strong-buy" rating in a research report on Friday, April 25th. Citigroup reduced their target price on United Rentals from $720.00 to $650.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Truist Financial increased their price target on United Rentals from $732.00 to $786.00 and gave the company a "buy" rating in a research note on Friday, April 25th. Finally, UBS Group raised United Rentals from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $485.00 to $780.00 in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $753.64.

United Rentals Trading Down 3.0%

NYSE:URI traded down $21.83 on Friday, reaching $695.09. 468,449 shares of the company's stock were exchanged, compared to its average volume of 590,512. The firm has a market capitalization of $45.18 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 1.43 and a beta of 1.70. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $896.98. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The business has a fifty day moving average of $660.07 and a 200-day moving average of $693.77.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $8.92 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. The firm had revenue of $3.72 billion during the quarter, compared to analysts' expectations of $3.61 billion. During the same quarter in the prior year, the firm earned $9.15 EPS. The firm's revenue was up 6.7% compared to the same quarter last year. As a group, analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Wednesday, May 14th. United Rentals's dividend payout ratio (DPR) is 18.54%.

Insider Buying and Selling at United Rentals

In related news, EVP Michael D. Durand sold 1,100 shares of United Rentals stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total transaction of $688,908.00. Following the completion of the transaction, the executive vice president now directly owns 8,748 shares in the company, valued at $5,478,697.44. The trade was a 11.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Andrew B. Limoges sold 708 shares of the stock in a transaction 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 sale, the vice president now directly owns 1,921 shares in the company, valued at approximately $1,355,957.06. The trade was a 26.93% decrease in their position. The disclosure for this sale can be found here. 0.53% of the stock is owned by company insiders.

United Rentals Company Profile

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.