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Tredje AP fonden Sells 19,608 Shares of United Rentals, Inc. (NYSE:URI)

United Rentals logo with Construction background

Key Points

  • Tredje AP fonden reduced its holdings in United Rentals, Inc. (NYSE:URI) by 70.9%, selling 19,608 shares and now owning 8,029 shares valued at $5,032,000.
  • United Rentals reported $10.47 EPS for the last quarter, missing estimates by $0.07, but achieved a revenue of $3.94 billion, surpassing expectations of $3.90 billion.
  • The company announced a quarterly dividend of $1.79 per share, with the annualized yield at 0.81%, and a payout ratio of 18.52%.
  • MarketBeat previews top five stocks to own in September.

Tredje AP fonden cut its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 70.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,029 shares of the construction company's stock after selling 19,608 shares during the period. Tredje AP fonden's holdings in United Rentals were worth $5,032,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Fourth Dimension Wealth LLC bought a new stake in shares of United Rentals in the 1st quarter valued at approximately $26,000. TruNorth Capital Management LLC grew its stake in shares of United Rentals by 1,266.7% in the 1st 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 period. Meeder Asset Management Inc. grew its stake in shares of United Rentals by 241.7% in the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock valued at $29,000 after purchasing an additional 29 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of United Rentals by 69.0% in the 1st 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 period. Finally, Grove Bank & Trust acquired a new position in shares of United Rentals in the 1st quarter worth approximately $36,000. 96.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

URI has been the topic of several recent analyst reports. KeyCorp boosted their target price on United Rentals from $865.00 to $960.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Cfra Research raised United Rentals to a "strong-buy" rating in a report on Friday, April 25th. Redburn Atlantic downgraded United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price objective on the stock. in a report on Friday, June 13th. Barclays upped their price objective on United Rentals from $565.00 to $620.00 and gave the stock an "underweight" rating in a report on Monday, July 21st. Finally, Morgan Stanley upped their price objective on United Rentals from $702.00 to $955.00 and gave the stock an "overweight" rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $830.71.

Read Our Latest Analysis on URI

United Rentals Trading Down 2.6%

Shares of URI traded down $23.18 during trading hours on Friday, reaching $859.77. The stock had a trading volume of 655,436 shares, compared to its average volume of 656,993. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $903.60. The firm has a 50-day moving average of $765.18 and a 200 day moving average of $700.65. The company has a market cap of $55.32 billion, a P/E ratio of 22.23, a P/E/G ratio of 2.04 and a beta of 1.72.

United Rentals (NYSE:URI - Get Free Report) last released 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 net margin of 16.11% and a return on equity of 32.01%. The firm had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter in the prior year, the company earned $10.70 EPS. United Rentals's quarterly revenue was up 4.5% on a year-over-year basis. On average, 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 will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be given a $1.79 dividend. 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 is currently 18.52%.

Insider Activity at United Rentals

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $705.86, for a total transaction of $499,748.88. Following the completion of the transaction, the vice president owned 1,921 shares in the company, valued at approximately $1,355,957.06. This represents a 26.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.53% of the stock is currently owned by corporate insiders.

United Rentals Profile

(Free Report)

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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Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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