BI Asset Management Fondsmaeglerselskab A S Has $23.55 Million Stake in United Rentals, Inc. (NYSE:URI)

BI Asset Management Fondsmaeglerselskab A S lifted its holdings in United Rentals, Inc. (NYSE:URI) by 18.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,435 shares of the construction company’s stock after purchasing an additional 5,223 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned 0.05% of United Rentals worth $23,553,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of United Rentals in the fourth quarter worth $695,716,000. Capital World Investors grew its position in United Rentals by 17.1% in the 4th quarter. Capital World Investors now owns 2,221,228 shares of the construction company’s stock worth $1,564,722,000 after purchasing an additional 323,636 shares during the last quarter. Capital International Investors raised its position in shares of United Rentals by 41.0% during the fourth quarter. Capital International Investors now owns 1,051,365 shares of the construction company’s stock valued at $740,624,000 after buying an additional 305,491 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of United Rentals by 105.6% in the fourth quarter. Marshall Wace LLP now owns 546,165 shares of the construction company’s stock valued at $384,740,000 after buying an additional 280,502 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in United Rentals during the fourth quarter valued at about $171,733,000. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Up 1.0 %

Shares of NYSE URI opened at $590.80 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The company has a market cap of $38.60 billion, a price-to-earnings ratio of 15.25, a price-to-earnings-growth ratio of 1.43 and a beta of 1.72. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $896.98. The firm’s 50-day simple moving average is $628.94 and its 200 day simple moving average is $733.62.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. On average, research analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a dividend of $1.79 per share. This is a boost from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date was Wednesday, February 12th. This represents a $7.16 annualized dividend and a dividend yield of 1.21%. United Rentals’s payout ratio is currently 18.48%.

Insider Buying and Selling

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $638.10, for a total transaction of $701,910.00. Following the completion of the sale, the chief financial officer now owns 6,880 shares in the company, valued at approximately $4,390,128. The trade was a 13.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.53% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on URI. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Morgan Stanley raised shares of United Rentals from an “equal weight” rating to an “overweight” rating and set a $702.00 price objective for the company in a report on Wednesday. UBS Group lowered shares of United Rentals from a “buy” rating to a “sell” rating and dropped their price target for the stock from $910.00 to $485.00 in a research report on Monday, April 7th. Truist Financial lowered their price objective on United Rentals from $956.00 to $732.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Finally, Bank of America decreased their price target on United Rentals from $850.00 to $750.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, United Rentals currently has an average rating of “Moderate Buy” and a consensus target price of $729.79.

United Rentals Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.