Swiss National Bank Lowers Position in United Rentals, Inc. (NYSE:URI)

Key Points

• Swiss National Bank reduced its stake in United Rentals, Inc. by 1.0% in Q1, holding 185,100 shares valued at $116 million.
• United Rentals announced a dividend of $1.79 per share, to be paid on August 27th, representing an annualized yield of 0.8%.
• Equities analysts have mixed opinions on URI, with target prices ranging from $535 to $974 and a consensus rating of "Moderate Buy".

Swiss National Bank cut its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 1.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 185,100 shares of the construction company's stock after selling 1,800 shares during the period. Swiss National Bank owned 0.28% of United Rentals worth $116,002,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of URI. Fourth Dimension Wealth LLC purchased a new position in shares of United Rentals during the first quarter valued at approximately $26,000. TruNorth Capital Management LLC lifted its holdings in shares of United Rentals by 1,266.7% during the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock valued at $26,000 after purchasing an additional 38 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of United Rentals by 69.0% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock valued at $31,000 after purchasing an additional 20 shares during the last quarter. Grove Bank & Trust purchased a new position in shares of United Rentals during the first quarter valued at approximately $36,000. Finally, NBC Securities Inc. purchased a new position in shares of United Rentals during the first quarter valued at approximately $40,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $705.86, for a total transaction of $499,748.88. Following the completion of the sale, the vice president directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.53% of the company's stock.

United Rentals Price Performance

Shares of URI opened at $858.99 on Friday. The firm has a market cap of $55.27 billion, a PE ratio of 22.21, a P/E/G ratio of 1.98 and a beta of 1.72. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34. The firm has a fifty day simple moving average of $780.39 and a two-hundred day simple moving average of $703.43. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $903.60.

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

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be paid 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 yield of 0.8%. United Rentals's payout ratio is currently 18.52%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on URI shares. Redburn Atlantic lowered shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 target price for the company. in a report on Friday, June 13th. KeyCorp lifted their target price on shares of United Rentals from $865.00 to $960.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Evercore ISI lowered their target price on shares of United Rentals from $974.00 to $921.00 and set an "outperform" rating for the company in a report on Monday, May 19th. Robert W. Baird lifted their target price on shares of United Rentals from $535.00 to $571.00 and gave the company a "neutral" rating in a report on Friday, April 25th. Finally, The Goldman Sachs Group raised their price target on shares of United Rentals from $770.00 to $850.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $830.71.

United Rentals 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.

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