United Rentals, Inc. $URI Shares Bought by PensionDanmark Pensionsforsikringsaktieselskab

Key Points

• PensionDanmark increased its United Rentals position by 10.2% in the second quarter, purchasing 920 additional shares and bringing its total holdings to 9,980 shares valued at approximately $11.3 million. Institutional investors and hedge funds own 96.26% of URI.
• United Rentals reported quarterly earnings of $12.76 per share, exceeding estimates by $1.23, while revenue rose 11.8% year over year to $4.41 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $1,246.19.
• The company declared a quarterly dividend of $1.97 per share, equivalent to $7.88 annually and a 0.7% yield. Shares recently traded near their 12-month high, while an executive sold 1,500 shares at an average price of $1,133.15.

PensionDanmark Pensionsforsikringsaktieselskab raised its position in United Rentals, Inc. (NYSE:URI - Free Report) by 10.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,980 shares of the construction company's stock after purchasing an additional 920 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab's holdings in United Rentals were worth $11,306,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Great Valley Advisor Group Inc. lifted its position in shares of United Rentals by 2.9% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company's stock worth $292,000 after purchasing an additional 11 shares during the last quarter. Bridgewater Advisors Inc. lifted its holdings in shares of United Rentals by 1.2% during the fourth quarter. Bridgewater Advisors Inc. now owns 967 shares of the construction company's stock worth $783,000 after buying an additional 11 shares during the last quarter. PFG Investments LLC grew its stake in shares of United Rentals by 0.9% in the first quarter. PFG Investments LLC now owns 1,172 shares of the construction company's stock worth $854,000 after acquiring an additional 11 shares during the last quarter. CoreCap Advisors LLC raised its stake in United Rentals by 16.9% during the 2nd quarter. CoreCap Advisors LLC now owns 76 shares of the construction company's stock valued at $86,000 after purchasing an additional 11 shares during the last quarter. Finally, Legacy Financial Advisors Inc. grew its position in United Rentals by 3.9% in the 4th quarter. Legacy Financial Advisors Inc. now owns 322 shares of the construction company's stock worth $260,000 after purchasing an additional 12 shares during the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Stock Down 0.0%

Shares of URI opened at $1,162.37 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 1.38. The company has a 50-day moving average price of $1,085.32 and a two-hundred day moving average price of $933.12. The stock has a market cap of $72.35 billion, a price-to-earnings ratio of 27.91, a P/E/G ratio of 1.50 and a beta of 1.80. United Rentals, Inc. has a 12 month low of $701.59 and a 12 month high of $1,179.18.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The construction company reported $12.76 earnings per share for the quarter, beating the consensus estimate of $11.53 by $1.23. United Rentals had a return on equity of 31.72% and a net margin of 15.67%.The company had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same period in the prior year, the company posted $10.47 EPS. The company's revenue was up 11.8% compared to the same quarter last year. Equities analysts predict that United Rentals, Inc. will post 48.55 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th will be given a $1.97 dividend. This represents a $7.88 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, August 12th. United Rentals's dividend payout ratio is 18.92%.

Insiders Place Their Bets

In other United Rentals news, EVP William E. Grace sold 1,500 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $1,133.15, for a total transaction of $1,699,725.00. Following the completion of the transaction, the executive vice president directly owned 6,062 shares in the company, valued at $6,869,155.30. This represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.47% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on URI shares. Robert W. Baird set a $1,300.00 price objective on shares of United Rentals in a research report on Friday, July 24th. KeyCorp reiterated an "overweight" rating and issued a $1,350.00 price objective on shares of United Rentals in a research report on Friday, July 24th. Wells Fargo & Company lifted their price objective on United Rentals from $1,245.00 to $1,355.00 and gave the stock an "overweight" rating in a report on Friday, July 24th. Evercore restated an "outperform" rating and set a $1,101.00 price objective on shares of United Rentals in a research report on Monday, May 11th. Finally, Zacks Research upgraded United Rentals from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,246.19.

United Rentals Company Profile

United Rentals, Inc NYSE: URI is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company's product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.

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