Commerzbank Aktiengesellschaft FI Buys 108 Shares of United Rentals, Inc. (NYSE:URI)

Commerzbank Aktiengesellschaft FI increased its stake in United Rentals, Inc. (NYSE:URI) by 30.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 465 shares of the construction company’s stock after purchasing an additional 108 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in United Rentals were worth $377,000 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 URI. Symphony Financial Ltd. Co. acquired a new stake in shares of United Rentals in the third quarter valued at about $203,000. Eastern Bank acquired a new stake in shares of United Rentals in the third quarter worth $56,000. Sequoia Financial Advisors LLC lifted its stake in shares of United Rentals by 11.6% in the third quarter. Sequoia Financial Advisors LLC now owns 1,346 shares of the construction company’s stock valued at $1,090,000 after buying an additional 140 shares during the period. Raleigh Capital Management Inc. grew its holdings in shares of United Rentals by 61.2% during the 3rd quarter. Raleigh Capital Management Inc. now owns 79 shares of the construction company’s stock worth $64,000 after purchasing an additional 30 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in United Rentals by 2.7% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 20,734 shares of the construction company’s stock worth $16,789,000 after purchasing an additional 539 shares during the period. Institutional investors own 96.26% of the company’s stock.

United Rentals Price Performance

United Rentals stock opened at $824.99 on Friday. The stock has a market cap of $54.56 billion, a price-to-earnings ratio of 21.78, a P/E/G ratio of 1.96 and a beta of 1.68. United Rentals, Inc. has a 12-month low of $387.01 and a 12-month high of $861.74. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.39. The business’s 50-day simple moving average is $770.73 and its 200 day simple moving average is $707.41.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same period last year, the firm earned $11.73 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, research analysts anticipate that United Rentals, Inc. will post 44.38 earnings per share for the current year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $1.63 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $6.52 annualized dividend and a yield of 0.79%. United Rentals’s dividend payout ratio is presently 17.21%.

Analyst Ratings Changes

Several equities research analysts have issued reports on URI shares. JPMorgan Chase & Co. boosted their price target on shares of United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Robert W. Baird increased their target price on United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a report on Thursday, October 3rd. Evercore ISI boosted their price target on United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Raymond James started coverage on United Rentals in a report on Friday, June 28th. They set an “outperform” rating and a $750.00 price objective for the company. Finally, The Goldman Sachs Group increased their target price on shares of United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $728.86.

Insider Activity

In other United Rentals news, SVP Joli L. Gross sold 360 shares of United Rentals stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $690.00, for a total value of $248,400.00. Following the transaction, the senior vice president now owns 4,090 shares of the company’s stock, valued at approximately $2,822,100. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.53% of the stock is currently owned by company insiders.

United Rentals Company 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.