Raiffeisen Bank International AG Buys New Stake in United Rentals, Inc. (NYSE:URI)

Raiffeisen Bank International AG bought a new position in United Rentals, Inc. (NYSE:URI - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,003 shares of the construction company's stock, valued at approximately $2,120,000.

A number of other hedge funds also recently bought and sold shares of URI. GHP Investment Advisors Inc. increased its position in United Rentals by 6.3% during the fourth quarter. GHP Investment Advisors Inc. now owns 14,855 shares of the construction company's stock valued at $10,464,000 after acquiring an additional 877 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of United Rentals by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 445,214 shares of the construction company's stock valued at $313,627,000 after buying an additional 6,787 shares during the last quarter. Blueshift Asset Management LLC bought a new position in shares of United Rentals during the fourth quarter valued at approximately $649,000. Penobscot Investment Management Company Inc. grew its stake in shares of United Rentals by 35.1% during the fourth quarter. Penobscot Investment Management Company Inc. now owns 4,114 shares of the construction company's stock valued at $2,898,000 after buying an additional 1,068 shares during the last quarter. Finally, Brookstone Capital Management grew its stake in shares of United Rentals by 580.5% during the fourth quarter. Brookstone Capital Management now owns 1,749 shares of the construction company's stock valued at $1,232,000 after buying an additional 1,492 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on URI. Cfra Research raised United Rentals to a "strong-buy" rating in a research note on Friday, April 25th. Sanford C. Bernstein upgraded United Rentals from an "underperform" rating to a "market perform" rating and lowered their price target for the company from $705.00 to $666.00 in a report on Tuesday, March 25th. UBS Group upgraded United Rentals from a "sell" rating to a "neutral" rating and boosted their price target for the company from $485.00 to $780.00 in a report on Friday. Morgan Stanley upgraded United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price target for the company in a report on Wednesday, April 16th. Finally, Truist Financial boosted their price target on United Rentals from $732.00 to $786.00 and gave the company a "buy" rating in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $744.31.

United Rentals Stock Down 1.4%

United Rentals stock traded down $9.89 during mid-day trading on Tuesday, reaching $714.09. 335,862 shares of the company were exchanged, compared to its average volume of 601,235. The business has a fifty day moving average of $629.05 and a 200 day moving average of $709.03. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. The firm has a market cap of $46.42 billion, a P/E ratio of 18.43, a PEG ratio of 1.43 and a beta of 1.70. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $896.98.

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

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be paid a $1.79 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a yield of 1.00%. United Rentals's dividend payout ratio (DPR) is 18.54%.

Insider Buying and Selling

In related news, VP Andrew B. Limoges sold 708 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $705.86, for a total value of $499,748.88. Following the transaction, the vice president now directly owns 1,921 shares of the company's stock, valued at approximately $1,355,957.06. This trade represents a 26.93% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael D. Durand sold 1,100 shares of the firm'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 completion of the transaction, the executive vice president now directly owns 8,748 shares in the company, valued at $5,478,697.44. This represents a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,908 shares of company stock worth $1,890,567 in the last 90 days. Insiders own 0.53% of the company's stock.

United Rentals Company 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.