BI Asset Management Fondsmaeglerselskab A S Reduces Stock Holdings in United Rentals, Inc. $URI

BI Asset Management Fondsmaeglerselskab A S lowered its stake in shares of United Rentals, Inc. (NYSE:URI) by 52.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 9,465 shares of the construction company’s stock after selling 10,264 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in United Rentals were worth $6,896,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Uhlmann Price Securities LLC bought a new position in United Rentals during the 1st quarter valued at about $232,000. Nations Financial Group Inc. IA ADV grew its stake in shares of United Rentals by 4.1% during the first quarter. Nations Financial Group Inc. IA ADV now owns 1,808 shares of the construction company’s stock valued at $1,318,000 after buying an additional 72 shares during the last quarter. J. Derek Lewis & Associates Inc. bought a new position in shares of United Rentals during the fourth quarter valued at approximately $205,000. Rockefeller Capital Management L.P. raised its holdings in shares of United Rentals by 27.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 114,371 shares of the construction company’s stock worth $92,563,000 after buying an additional 24,726 shares during the period. Finally, World Investment Advisors raised its holdings in shares of United Rentals by 4.4% in the fourth quarter. World Investment Advisors now owns 1,869 shares of the construction company’s stock worth $1,513,000 after buying an additional 79 shares during the period. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Stock Up 0.1%

NYSE:URI opened at $1,077.68 on Monday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.74. United Rentals, Inc. has a 1-year low of $693.78 and a 1-year high of $1,106.88. The company has a 50-day moving average of $953.75 and a 200 day moving average of $871.73. The firm has a market cap of $67.52 billion, a PE ratio of 27.49, a price-to-earnings-growth ratio of 1.70 and a beta of 1.81.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The business had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same period last year, the business posted $8.86 EPS. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, research analysts anticipate that United Rentals, Inc. will post 47.26 EPS for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were issued a dividend of $1.97 per share. This represents a $7.88 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 13th. United Rentals’s dividend payout ratio (DPR) is presently 20.10%.

Analyst Ratings Changes

A number of research firms recently issued reports on URI. Robert W. Baird boosted their price objective on United Rentals from $970.00 to $1,100.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Morgan Stanley reaffirmed an “overweight” rating and issued a $1,030.00 price objective on shares of United Rentals in a research report on Friday, April 24th. UBS Group increased their target price on United Rentals from $1,025.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Citigroup lifted their target price on United Rentals from $950.00 to $1,130.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Finally, Sanford C. Bernstein set a $903.00 target price on shares of United Rentals and gave the company an “outperform” rating in a research note on Thursday, April 9th. Thirteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, United Rentals presently has an average rating of “Moderate Buy” and an average price target of $1,045.81.

Insider Buying and Selling at United Rentals

In related news, SVP Joli L. Gross sold 306 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $954.99, for a total value of $292,226.94. Following the completion of the transaction, the senior vice president owned 5,738 shares of the company’s stock, valued at $5,479,732.62. The trade was a 5.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Andrew B. Limoges sold 548 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $977.86, for a total transaction of $535,867.28. Following the completion of the transaction, the vice president directly owned 1,865 shares of the company’s stock, valued at $1,823,708.90. This trade represents a 22.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 26,088 shares of company stock valued at $25,628,877. 0.47% of the stock is owned by corporate insiders.

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.