AEGON ASSET MANAGEMENT UK Plc Increases Stake in United Rentals, Inc. $URI

AEGON ASSET MANAGEMENT UK Plc raised its holdings in United Rentals, Inc. (NYSE:URI) by 16.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,551 shares of the construction company’s stock after buying an additional 5,862 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in United Rentals were worth $30,229,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. E. Ohman J or Asset Management AB raised its stake in shares of United Rentals by 26.4% in the first quarter. E. Ohman J or Asset Management AB now owns 2,833 shares of the construction company’s stock valued at $2,064,000 after acquiring an additional 591 shares in the last quarter. Uhlmann Price Securities LLC acquired a new position in United Rentals during the 1st quarter worth $232,000. Nations Financial Group Inc. IA ADV increased its holdings in United Rentals by 4.1% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 1,808 shares of the construction company’s stock worth $1,318,000 after purchasing an additional 72 shares during the period. J. Derek Lewis & Associates Inc. purchased a new stake in United Rentals during the 4th quarter worth about $205,000. Finally, Rockefeller Capital Management L.P. raised its position in United Rentals by 27.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 114,371 shares of the construction company’s stock valued at $92,563,000 after purchasing an additional 24,726 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Trading Up 0.1%

URI opened at $1,077.68 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.74 and a current ratio of 0.80. United Rentals, Inc. has a one year low of $693.78 and a one year high of $1,106.88. The company has a market cap of $67.52 billion, a P/E ratio of 27.49, a PEG ratio of 1.70 and a beta of 1.81. The business’s 50-day simple moving average is $953.75 and its 200-day simple moving average is $871.26.

United Rentals (NYSE:URI) last issued its 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). United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The company had revenue of $3.98 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the previous year, the company posted $8.86 EPS. The company’s quarterly revenue was up 7.2% on a year-over-year basis. As a group, equities research analysts expect that United Rentals, Inc. will post 47.26 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were paid a dividend of $1.97 per share. 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 is currently 20.10%.

Insider Buying and Selling

In related 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 transaction, the chief executive officer directly owned 99,980 shares in the company, valued at $98,478,300.40. This trade represents a 18.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Andrew B. Limoges sold 548 shares of United Rentals stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $977.86, for a total transaction of $535,867.28. Following the completion of the sale, the vice president directly owned 1,865 shares in the company, valued at approximately $1,823,708.90. The trade was a 22.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 26,088 shares of company stock valued at $25,628,877 in the last quarter. 0.47% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Robert W. Baird boosted their price objective on United Rentals from $970.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. UBS Group raised their target price on shares of United Rentals from $1,025.00 to $1,145.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Sanford C. Bernstein set a $903.00 price target on shares of United Rentals and gave the stock an “outperform” rating in a research note on Thursday, April 9th. Citigroup boosted their price target on shares of United Rentals from $950.00 to $1,130.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Finally, Truist Financial set a $1,209.00 price objective on shares of United Rentals in a report on Friday, April 24th. Thirteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,045.81.

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.