United Rentals, Inc. (NYSE:URI) Stake Reduced by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. reduced its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 7.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,549 shares of the construction company's stock after selling 2,100 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in United Rentals were worth $15,385,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rialto Wealth Management LLC purchased a new stake in shares of United Rentals in the fourth quarter valued at $25,000. Murphy & Mullick Capital Management Corp purchased a new position in United Rentals in the 4th quarter valued at about $27,000. Meeder Asset Management Inc. boosted its stake in shares of United Rentals by 241.7% during the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock worth $29,000 after purchasing an additional 29 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in shares of United Rentals during the 4th quarter worth about $34,000. Finally, OFI Invest Asset Management purchased a new stake in shares of United Rentals during the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

Analysts Set New Price Targets

URI has been the topic of a number of analyst reports. Evercore ISI decreased their target price on shares of United Rentals from $974.00 to $921.00 and set an "outperform" rating on the stock in a research report on Monday, May 19th. Cfra Research upgraded United Rentals to a "strong-buy" rating in a report on Friday, April 25th. JPMorgan Chase & Co. raised their price target on United Rentals from $780.00 to $920.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Sanford C. Bernstein upgraded United Rentals from an "underperform" rating to a "market perform" rating and lowered their price target for the company from $705.00 to $666.00 in a report on Tuesday, March 25th. Finally, Robert W. Baird increased 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. One research analyst has rated the stock with a sell rating, five have assigned 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 a consensus price target of $753.64.

United Rentals Stock Down 1.0%

Shares of URI stock traded down $6.76 during trading hours on Monday, reaching $688.08. The company had a trading volume of 625,442 shares, compared to its average volume of 589,911. The company has a market capitalization of $44.72 billion, a P/E ratio of 17.76, a price-to-earnings-growth ratio of 1.43 and a beta of 1.70. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $896.98. The stock's fifty day simple moving average is $662.96 and its 200 day simple moving average is $690.24.

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

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were issued a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a yield of 1.04%. United Rentals's dividend payout ratio is currently 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 dated Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total value 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 approximately $5,478,697.44. This trade represents a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Andrew B. Limoges sold 708 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $705.86, for a total value of $499,748.88. Following the transaction, the vice president now directly owns 1,921 shares in the company, valued at approximately $1,355,957.06. This represents a 26.93% decrease in their position. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by corporate insiders.

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.