Capital International Investors Has $522.08 Million Stock Holdings in United Rentals, Inc. $URI

Capital International Investors trimmed its stake in United Rentals, Inc. (NYSE:URI) by 81.1% in the fourth quarter, HoldingsChannel reports. The firm owned 644,736 shares of the construction company’s stock after selling 2,757,788 shares during the period. Capital International Investors’ holdings in United Rentals were worth $522,079,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of URI. Norges Bank acquired a new stake in United Rentals in the fourth quarter worth $978,017,000. TD Asset Management Inc boosted its holdings in United Rentals by 66.5% during the third quarter. TD Asset Management Inc now owns 484,450 shares of the construction company’s stock worth $462,485,000 after purchasing an additional 193,416 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in United Rentals by 3,459.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 196,688 shares of the construction company’s stock worth $159,184,000 after purchasing an additional 191,162 shares during the last quarter. Capital World Investors boosted its holdings in United Rentals by 6.7% during the third quarter. Capital World Investors now owns 2,678,614 shares of the construction company’s stock worth $2,557,158,000 after purchasing an additional 168,685 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its holdings in United Rentals by 3,094.3% during the third quarter. Public Sector Pension Investment Board now owns 155,273 shares of the construction company’s stock worth $148,233,000 after purchasing an additional 150,412 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at United Rentals

In other news, CEO Matthew John Flannery sold 22,768 shares of the company’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $984.98, for a total value of $22,426,024.64. Following the completion of the sale, the chief executive officer owned 99,980 shares of the company’s stock, valued at approximately $98,478,300.40. This represents a 18.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Craig Adam Pintoff sold 2,466 shares of the company’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $963.00, for a total transaction of $2,374,758.00. Following the completion of the sale, the executive vice president directly owned 14,774 shares of the company’s stock, valued at $14,227,362. This trade represents a 14.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 26,088 shares of company stock worth $25,628,877 in the last 90 days. 0.47% of the stock is currently owned by corporate insiders.

United Rentals Price Performance

Shares of NYSE:URI opened at $1,067.62 on Monday. The company has a 50 day moving average of $885.82 and a 200 day moving average of $852.71. The stock has a market cap of $66.89 billion, a P/E ratio of 27.24, a P/E/G ratio of 1.70 and a beta of 1.81. United Rentals, Inc. has a 12 month low of $682.08 and a 12 month high of $1,091.23. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing the consensus estimate of $11.47 by ($1.76). The firm had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.20 billion. United Rentals had a net margin of 15.32% and a return on equity of 30.56%. United Rentals’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm posted $8.86 EPS. As a group, sell-side analysts forecast that United Rentals, Inc. will post 47.07 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were paid a $1.97 dividend. This represents a $7.88 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 13th. United Rentals’s payout ratio is currently 20.10%.

Analyst Ratings Changes

Several research analysts recently weighed in on URI shares. UBS Group boosted their price target on shares of United Rentals from $1,025.00 to $1,145.00 and gave the stock a “buy” rating in a report on Wednesday. Evercore restated an “outperform” rating and set a $1,101.00 price target on shares of United Rentals in a report on Monday, May 11th. JPMorgan Chase & Co. boosted their price target on shares of United Rentals from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Sanford C. Bernstein set a $903.00 price target on shares of United Rentals and gave the stock an “outperform” rating in a report on Thursday, April 9th. Finally, KeyCorp boosted their price target on shares of United Rentals from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Twelve investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, United Rentals currently has an average rating of “Moderate Buy” and a consensus target price of $1,013.63.

United Rentals 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.