Swedbank AB Sells 2,219 Shares of United Rentals, Inc. $URI

Swedbank AB lowered its position in shares of United Rentals, Inc. (NYSE:URI) by 4.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,165 shares of the construction company’s stock after selling 2,219 shares during the quarter. Swedbank AB owned 0.08% of United Rentals worth $50,755,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of URI. Optas LLC boosted its holdings in United Rentals by 0.9% in the 3rd quarter. Optas LLC now owns 1,174 shares of the construction company’s stock worth $1,121,000 after buying an additional 10 shares during the period. Clark & Stuart Inc purchased a new position in shares of United Rentals in the third quarter valued at about $229,000. OLD National Bancorp IN boosted its stake in shares of United Rentals by 1.3% in the third quarter. OLD National Bancorp IN now owns 2,039 shares of the construction company’s stock worth $1,947,000 after acquiring an additional 26 shares during the period. Farther Finance Advisors LLC grew its position in shares of United Rentals by 91.4% during the third quarter. Farther Finance Advisors LLC now owns 2,574 shares of the construction company’s stock worth $2,457,000 after purchasing an additional 1,229 shares in the last quarter. Finally, HBK Sorce Advisory LLC raised its stake in United Rentals by 18.4% during the 3rd quarter. HBK Sorce Advisory LLC now owns 610 shares of the construction company’s stock valued at $607,000 after purchasing an additional 95 shares during the period. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on URI. Citigroup dropped their price target on United Rentals from $1,140.00 to $950.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Weiss Ratings restated a “hold (c+)” rating on shares of United Rentals in a research report on Wednesday, October 8th. Baird R W raised shares of United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Sanford C. Bernstein set a $1,128.00 price target on shares of United Rentals and gave the stock an “outperform” rating in a research note on Tuesday, September 23rd. Finally, BNP Paribas Exane raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price objective for the company in a report on Tuesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, United Rentals presently has a consensus rating of “Moderate Buy” and an average price target of $954.83.

United Rentals Price Performance

United Rentals stock opened at $824.77 on Thursday. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $1,021.47. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.40. The firm’s fifty day moving average is $845.40 and its 200 day moving average is $862.61. The company has a market cap of $52.48 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 1.86 and a beta of 1.68.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter last year, the firm earned $11.80 earnings per share. The business’s quarterly revenue was up 5.9% on a year-over-year basis. Sell-side analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were given a dividend of $1.79 per share. The ex-dividend date was Wednesday, November 12th. This represents a $7.16 dividend on an annualized basis and a yield of 0.9%. United Rentals’s dividend payout ratio is 18.42%.

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.