ING Groep NV Has $212,000 Stake in United Rentals, Inc. (NYSE:URI)

Key Points

• ING Groep NV reduced its stake in United Rentals, Inc. by 75.5%, selling 1,042 shares and now owning 339 shares worth $212,000.
• Analysts have varied ratings on United Rentals, with a consensus rating of "Moderate Buy" and an average price target of $830.71.
• United Rentals announced a quarterly dividend of $1.79 per share, reflecting an annualized dividend of $7.16 and a yield of 0.8%.

ING Groep NV lessened its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 75.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 339 shares of the construction company's stock after selling 1,042 shares during the quarter. ING Groep NV's holdings in United Rentals were worth $212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Fourth Dimension Wealth LLC bought a new stake in shares of United Rentals in the 1st quarter worth approximately $26,000. TruNorth Capital Management LLC lifted its holdings in United Rentals by 1,266.7% in the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock valued at $26,000 after acquiring an additional 38 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in United Rentals by 69.0% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock valued at $31,000 after acquiring an additional 20 shares during the period. Grove Bank & Trust bought a new position in United Rentals in the first quarter valued at about $36,000. Finally, NBC Securities Inc. purchased a new stake in United Rentals in the first quarter worth about $40,000. Institutional investors own 96.26% of the company's stock.

United Rentals Price Performance

Shares of United Rentals stock traded up $4.38 on Friday, hitting $858.99. The company had a trading volume of 273,017 shares, compared to its average volume of 666,507. The business has a 50-day simple moving average of $780.39 and a 200-day simple moving average of $703.43. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80. The company has a market cap of $55.27 billion, a PE ratio of 22.21, a PEG ratio of 1.98 and a beta of 1.72. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $903.60.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing analysts' consensus estimates of $10.54 by ($0.07). United Rentals had a return on equity of 32.01% and a net margin of 16.11%. The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.90 billion. During the same period in the prior year, the business posted $10.70 EPS. The company's revenue for the quarter was up 4.5% on a year-over-year basis. Research analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Robert W. Baird increased their target price on United Rentals from $535.00 to $571.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. JPMorgan Chase & Co. increased their target price on United Rentals from $920.00 to $950.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Citigroup reiterated a "buy" rating and set a $810.00 target price (up previously from $740.00) on shares of United Rentals in a research report on Tuesday, June 24th. Redburn Atlantic cut United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 target price for the company. in a research report on Friday, June 13th. Finally, Bank of America increased their target price on United Rentals from $895.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, United Rentals currently has a consensus rating of "Moderate Buy" and an average target price of $830.71.

Insider Buying and Selling at United Rentals

In other news, VP Andrew B. Limoges sold 708 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $705.86, for a total transaction of $499,748.88. Following the transaction, the vice president owned 1,921 shares in the company, valued at approximately $1,355,957.06. The trade was a 26.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.53% of the company's stock.

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.