Fjarde AP Fonden Fourth Swedish National Pension Fund Has $7.86 Million Position in United Rentals, Inc. $URI

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its position in United Rentals, Inc. (NYSE:URI) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,706 shares of the construction company’s stock after selling 520 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in United Rentals were worth $7,855,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC bought a new position in shares of United Rentals in the third quarter valued at about $29,000. Aventura Private Wealth LLC bought a new position in shares of United Rentals in the fourth quarter valued at about $27,000. Core Wealth Advisors LLC bought a new position in shares of United Rentals in the fourth quarter valued at about $28,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of United Rentals in the third quarter valued at about $35,000. Finally, Board of the Pension Protection Fund bought a new position in shares of United Rentals in the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Stock Down 0.0%

NYSE:URI opened at $1,067.62 on Monday. The firm’s 50 day simple moving average is $885.82 and its 200 day simple moving average is $852.71. 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 one year low of $682.08 and a one year high of $1,091.23. The company has a market cap of $66.89 billion, a PE ratio of 27.24, a P/E/G 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 the consensus estimate of $11.47 by ($1.76). United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the prior year, the business earned $8.86 earnings per share. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. On average, research analysts anticipate that United Rentals, Inc. will post 47.07 earnings per share for the current year.

United Rentals Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. KeyCorp increased their price objective on shares of United Rentals from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. raised their price target on shares of United Rentals from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Evercore reaffirmed an “outperform” rating and set a $1,101.00 price target on shares of United Rentals in a research report on Monday, May 11th. Morgan Stanley reaffirmed an “overweight” rating and set a $1,030.00 price target on shares of United Rentals in a research report on Friday, April 24th. Finally, Weiss Ratings raised shares of United Rentals from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Twelve research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, United Rentals has an average rating of “Moderate Buy” and a consensus target price of $1,013.63.

Insider Activity at United Rentals

In other news, CEO Matthew John Flannery sold 22,768 shares of United Rentals 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 in the company, valued at $98,478,300.40. The trade was a 18.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Joli L. Gross sold 306 shares of United Rentals stock in a transaction on Monday, April 27th. The shares were sold at an average price of $954.99, for a total transaction of $292,226.94. Following the completion of the sale, the senior vice president owned 5,738 shares of the company’s stock, valued at $5,479,732.62. This represents a 5.06% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 26,088 shares of company stock worth $25,628,877. 0.47% of the stock is owned by insiders.

About United Rentals

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.