Universal Beteiligungs und Servicegesellschaft mbH Reduces Stock Holdings in United Rentals, Inc. (NYSE:URI)

Universal Beteiligungs und Servicegesellschaft mbH decreased its position in United Rentals, Inc. (NYSE:URI - Free Report) by 10.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,804 shares of the construction company's stock after selling 4,992 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of United Rentals worth $25,572,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC acquired a new position in United Rentals in the 1st quarter worth approximately $26,000. TruNorth Capital Management LLC increased its stake in shares of United Rentals by 1,266.7% in the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock worth $26,000 after acquiring an additional 38 shares during the period. Murphy & Mullick Capital Management Corp purchased a new position in shares of United Rentals during the fourth quarter worth $27,000. Meeder Asset Management Inc. lifted its position in United Rentals by 241.7% during the fourth 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. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its holdings in United Rentals by 69.0% in 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. Institutional investors and hedge funds own 96.26% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on URI. UBS Group boosted their price objective on United Rentals from $780.00 to $835.00 and gave the company a "neutral" rating in a report on Thursday. Bank of America upped their price objective on United Rentals from $895.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday. Redburn Atlantic cut shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price objective on the stock. in a research note on Friday, June 13th. Evercore ISI decreased their target price on shares of United Rentals from $974.00 to $921.00 and set an "outperform" rating for the company in a research note on Monday, May 19th. Finally, Citigroup reissued a "buy" rating and set a $810.00 price target (up from $740.00) on shares of United Rentals in a report on Tuesday, June 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $812.64.

Insider Buying and Selling at United Rentals

In related news, EVP Michael D. Durand sold 1,100 shares of the business's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total transaction of $688,908.00. Following the transaction, the executive vice president directly owned 8,748 shares in the company, valued at approximately $5,478,697.44. The trade was a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Andrew B. Limoges sold 708 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $705.86, for a total transaction of $499,748.88. Following the sale, the vice president directly owned 1,921 shares of the company's stock, 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. Insiders own 0.53% of the company's stock.

United Rentals Price Performance

United Rentals stock traded up $13.16 during midday trading on Friday, reaching $888.41. The company had a trading volume of 872,750 shares, compared to its average volume of 634,406. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.79. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $896.98. The company has a market capitalization of $57.16 billion, a P/E ratio of 22.97, a P/E/G ratio of 2.17 and a beta of 1.69. The firm's fifty day simple moving average is $747.81 and its 200-day simple moving average is $694.09.

United Rentals (NYSE:URI - Get Free Report) last released its earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share for the quarter, missing the consensus estimate of $10.54 by ($0.07). The firm had revenue of $3.94 billion during 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%. The business's revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business earned $10.70 EPS. As a group, equities analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be issued a $1.79 dividend. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $7.16 dividend on an annualized basis and a yield of 0.81%. United Rentals's payout ratio is currently 18.52%.

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.