United Rentals, Inc. (NYSE:URI) Holdings Raised by Czech National Bank

Czech National Bank lifted its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 5.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,000 shares of the construction company's stock after purchasing an additional 771 shares during the quarter. Czech National Bank's holdings in United Rentals were worth $9,400,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in United Rentals in the fourth quarter worth $695,716,000. GAMMA Investing LLC grew its position in shares of United Rentals by 77,674.5% during the first quarter. GAMMA Investing LLC now owns 887,407 shares of the construction company's stock worth $556,138,000 after acquiring an additional 886,266 shares during the last quarter. Leigh Baldwin & CO. LLC acquired a new stake in shares of United Rentals in the 4th quarter worth about $330,989,000. Capital World Investors increased its holdings in shares of United Rentals by 17.1% in the 4th quarter. Capital World Investors now owns 2,221,228 shares of the construction company's stock worth $1,564,722,000 after acquiring an additional 323,636 shares during the period. Finally, Capital International Investors lifted its position in United Rentals by 41.0% in the 4th quarter. Capital International Investors now owns 1,051,365 shares of the construction company's stock valued at $740,624,000 after purchasing an additional 305,491 shares during the last quarter. Institutional investors own 96.26% of the company's stock.

Analysts Set New Price Targets

URI has been the subject of several recent analyst reports. Cfra Research upgraded shares of United Rentals to a "strong-buy" rating in a research report on Friday, April 25th. Sanford C. Bernstein upgraded United Rentals from an "underperform" rating to a "market perform" rating and reduced their price objective for the stock from $705.00 to $666.00 in a research report on Tuesday, March 25th. JPMorgan Chase & Co. raised their target price on United Rentals from $780.00 to $920.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Bank of America cut their target price on United Rentals from $850.00 to $750.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Finally, The Goldman Sachs Group increased their price target on United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $753.15.

Insider Buying and Selling

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 transaction, the executive vice president now owns 8,748 shares of the company's stock, valued at approximately $5,478,697.44. This trade represents a 11.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Andrew B. Limoges sold 708 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $705.86, for a total value of $499,748.88. Following the completion of the sale, the vice president now owns 1,921 shares of the company's stock, valued at $1,355,957.06. The trade was a 26.93% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.51% of the company's stock.

United Rentals Price Performance

NYSE:URI traded down $5.60 during mid-day trading on Wednesday, reaching $697.29. 266,823 shares of the stock were exchanged, compared to its average volume of 599,059. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The business has a fifty day moving average price of $645.78 and a 200 day moving average price of $699.05. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $896.98. The firm has a market capitalization of $45.32 billion, a PE ratio of 17.99, a PEG ratio of 1.43 and a beta of 1.71.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 earnings per share 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 business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter last year, the business posted $9.15 EPS. The business's revenue for the quarter was up 6.7% on a year-over-year basis. Research analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend was Wednesday, May 14th. United Rentals's dividend payout ratio is presently 18.54%.

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.