Nykredit A S Purchases New Holdings in United Rentals, Inc. $URI

Key Points

• Nykredit A S acquired 21,137 shares of United Rentals in the second quarter, valued at approximately $23.9 million. Institutional investors collectively own 96.26% of the company.
• United Rentals exceeded quarterly expectations, reporting EPS of $12.76 versus the $11.53 consensus and revenue of $4.41 billion, up 11.8% year over year.
• Analysts maintain a favorable outlook, with a consensus “Moderate Buy” rating and an average price target of $1,230.88; the company also declared a quarterly dividend of $1.97 per share.

Nykredit A S acquired a new position in United Rentals, Inc. (NYSE:URI - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 21,137 shares of the construction company's stock, valued at approximately $23,946,000.

A number of other hedge funds have also recently bought and sold shares of the company. Core Wealth Advisors LLC acquired a new position in shares of United Rentals during the fourth quarter valued at $28,000. MV Capital Management Inc. acquired a new stake in United Rentals in the fourth quarter worth about $28,000. Clal Insurance Enterprises Holdings Ltd acquired a new stake in United Rentals in the second quarter worth about $29,000. MidFirst Bank bought a new stake in United Rentals during the 2nd quarter worth about $31,000. Finally, Hilton Head Capital Partners LLC bought a new stake in United Rentals during the 4th quarter worth about $34,000. 96.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP William Grace sold 1,500 shares of the company's stock in a transaction on Friday, July 24th. The shares were sold at an average price of $1,133.15, for a total value of $1,699,725.00. Following the completion of the transaction, the executive vice president directly owned 6,062 shares of the company's stock, valued at approximately $6,869,155.30. This represents a 19.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

URI has been the topic of several recent research reports. BNP Paribas Exane raised shares of United Rentals from a "neutral" rating to an "outperform" rating and set a $1,320.00 target price on the stock in a research note on Monday, June 29th. Robert W. Baird set a $1,300.00 price target on shares of United Rentals in a research note on Friday, July 24th. UBS Group set a $1,170.00 price objective on shares of United Rentals in a report on Thursday, September 10th. Zacks Research raised shares of United Rentals from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 27th. Finally, Bank of America upped their target price on shares of United Rentals from $1,195.00 to $1,300.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $1,230.88.

United Rentals Stock Performance

Shares of NYSE:URI opened at $1,014.58 on Friday. The firm's 50 day simple moving average is $1,068.64 and its 200 day simple moving average is $970.82. United Rentals, Inc. has a fifty-two week low of $701.59 and a fifty-two week high of $1,179.18. The company has a market capitalization of $63.15 billion, a price-to-earnings ratio of 24.37, a P/E/G ratio of 1.49 and a beta of 1.79. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.76 and a quick ratio of 0.70.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The construction company reported $12.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.53 by $1.23. The company had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.22 billion. United Rentals had a return on equity of 31.72% and a net margin of 15.67%.The company's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the prior year, the company earned $10.47 earnings per share. As a group, sell-side analysts forecast that United Rentals, Inc. will post 48.7 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th were given a $1.97 dividend. This represents a $7.88 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 12th. United Rentals's payout ratio is currently 18.92%.

United Rentals Company Profile

United Rentals, Inc is an equipment rental company serving construction, industrial, commercial, government and residential customers. The company provides access to a broad range of equipment without requiring customers to purchase and maintain their own fleets.

Its rental offerings include aerial work platforms, earthmoving equipment, material-handling equipment, trucks and trailers, power-generation and climate-control equipment, pumps, tools, trench-safety products and traffic-control equipment.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.