United Rentals, Inc. $URI Stock Holdings Decreased by Danske Bank A S

Danske Bank A S lowered its stake in United Rentals, Inc. (NYSE:URI) by 25.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 33,292 shares of the construction company’s stock after selling 11,339 shares during the period. Danske Bank A S’s holdings in United Rentals were worth $26,944,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Danica Pension Livsforsikringsaktieselskab bought a new stake in shares of United Rentals in the 4th quarter worth about $3,501,000. Laurel Wealth Advisors LLC bought a new stake in shares of United Rentals in the 4th quarter worth about $32,000. Bogart Wealth LLC increased its position in shares of United Rentals by 94.9% in the 4th quarter. Bogart Wealth LLC now owns 154 shares of the construction company’s stock worth $125,000 after purchasing an additional 75 shares during the last quarter. Interchange Capital Partners LLC increased its position in shares of United Rentals by 43.4% in the 4th quarter. Interchange Capital Partners LLC now owns 608 shares of the construction company’s stock worth $493,000 after purchasing an additional 184 shares during the last quarter. Finally, Keybank National Association OH increased its position in shares of United Rentals by 14.9% in the 4th quarter. Keybank National Association OH now owns 2,098 shares of the construction company’s stock worth $1,698,000 after purchasing an additional 272 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

Insider Buying and Selling at United Rentals

In other United Rentals news, EVP William E. Grace sold 1,498 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $790.89, for a total value of $1,184,753.22. Following the completion of the transaction, the executive vice president owned 6,872 shares in the company, valued at approximately $5,434,996.08. This represents a 17.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Joli L. Gross sold 306 shares of the company’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $954.99, for a total transaction 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 approximately $5,479,732.62. This trade represents a 5.06% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 30,076 shares of company stock worth $28,783,569. 0.47% of the stock is owned by company insiders.

United Rentals Price Performance

Shares of NYSE:URI opened at $952.13 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.37. United Rentals, Inc. has a fifty-two week low of $645.18 and a fifty-two week high of $1,021.47. The firm has a 50-day simple moving average of $802.13 and a 200 day simple moving average of $841.19. The company has a market cap of $59.65 billion, a PE ratio of 24.29, a P/E/G ratio of 1.51 and a beta of 1.83.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 earnings per share 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 $3.99 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the prior year, the company earned $8.86 EPS. United Rentals’s quarterly revenue was up 7.2% on a year-over-year basis. On average, sell-side analysts anticipate that United Rentals, Inc. will post 46.99 EPS for the current year.

United Rentals declared that its board has approved a stock repurchase program on Wednesday, January 28th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the construction company to reacquire up to 8.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th will be given a dividend of $1.97 per share. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, May 13th. United Rentals’s dividend payout ratio is currently 20.10%.

Analyst Upgrades and Downgrades

URI has been the subject of several research analyst reports. Wells Fargo & Company boosted their target price on shares of United Rentals from $995.00 to $1,071.00 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of United Rentals in a research report on Monday, April 20th. Sanford C. Bernstein set a $903.00 target price on shares of United Rentals and gave the stock an “outperform” rating in a research report on Thursday, April 9th. KeyCorp boosted their target price on shares of United Rentals from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Finally, Robert W. Baird boosted their target price on shares of United Rentals from $970.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Thirteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, United Rentals presently has a consensus rating of “Moderate Buy” and a consensus target price of $986.35.

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.