United Rentals, Inc. $URI Position Boosted by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB increased its position in United Rentals, Inc. (NYSE:URI) by 26.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,833 shares of the construction company’s stock after purchasing an additional 591 shares during the period. E. Ohman J or Asset Management AB’s holdings in United Rentals were worth $2,064,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of URI. Aventura Private Wealth LLC acquired a new stake in United Rentals during the fourth quarter valued at approximately $27,000. Core Wealth Advisors LLC bought a new position in United Rentals during the 4th quarter worth approximately $28,000. MV Capital Management Inc. acquired a new position in shares of United Rentals in the 4th quarter worth approximately $28,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of United Rentals in the 3rd quarter worth approximately $35,000. Finally, Board of the Pension Protection Fund bought a new stake in shares of United Rentals in the 4th quarter valued at approximately $32,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Up 0.1%

NYSE:URI opened at $1,077.68 on Monday. The firm has a market capitalization 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. The stock has a 50 day moving average of $953.75 and a 200-day moving average of $871.73. United Rentals, Inc. has a 52 week low of $693.78 and a 52 week high of $1,106.88. 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 announced its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.47 by ($1.76). The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $4.20 billion. United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the business posted $8.86 EPS. Analysts predict that United Rentals, Inc. will post 47.26 EPS for the current year.

United Rentals Announces Dividend

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

Analysts Set New Price Targets

Several research firms recently issued reports on URI. UBS Group upped their price target on United Rentals from $1,025.00 to $1,145.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. lifted their price objective 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. Robert W. Baird boosted their target price on shares of United Rentals from $970.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Weiss Ratings upgraded shares of United Rentals from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Finally, Morgan Stanley reissued an “overweight” rating and set a $1,030.00 target price on shares of United Rentals in a report on Friday, April 24th. Thirteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,045.81.

Insider Buying and Selling

In other United Rentals news, EVP Craig Adam Pintoff sold 2,466 shares of the firm’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $963.00, for a total value of $2,374,758.00. Following the sale, the executive vice president directly owned 14,774 shares in the company, valued at approximately $14,227,362. This trade represents a 14.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Joli L. Gross sold 306 shares of the firm’s stock in a transaction 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 sale, the senior vice president owned 5,738 shares in the company, valued at $5,479,732.62. The trade was a 5.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 26,088 shares of company stock valued at $25,628,877 over the last three months. Corporate insiders own 0.47% of the company’s stock.

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.