DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $16.48 Million Stake in United Rentals, Inc. (NYSE:URI)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in United Rentals, Inc. (NYSE:URI) by 35.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,394 shares of the construction company’s stock after purchasing an additional 6,166 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in United Rentals were worth $16,480,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in shares of United Rentals during the fourth quarter worth about $695,716,000. Capital World Investors increased its holdings in United Rentals by 17.1% during 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 in the last quarter. Capital International Investors raised its stake in shares of United Rentals by 41.0% in the fourth quarter. Capital International Investors now owns 1,051,365 shares of the construction company’s stock worth $740,624,000 after purchasing an additional 305,491 shares during the last quarter. Marshall Wace LLP lifted its holdings 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 purchasing an additional 280,502 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in United Rentals during the fourth quarter worth $171,733,000. Institutional investors own 96.26% of the company’s stock.

Insider Buying and Selling

In related news, EVP Michael D. Durand sold 1,100 shares of the stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total transaction of $688,908.00. Following the sale, the executive vice president now owns 8,748 shares of the company’s stock, valued at approximately $5,478,697.44. This represents a 11.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.53% of the stock is owned by insiders.

Analyst Ratings Changes

URI has been the topic of a number of analyst reports. Evercore ISI cut their price objective on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Sanford C. Bernstein upgraded shares of United Rentals from an “underperform” rating to a “market perform” rating and cut their price target for the stock from $705.00 to $666.00 in a report on Tuesday, March 25th. UBS Group lowered shares of United Rentals from a “buy” rating to a “sell” rating and decreased their price objective for the company from $910.00 to $485.00 in a research note on Monday, April 7th. Robert W. Baird lifted their target price on shares of United Rentals from $535.00 to $571.00 and gave the stock a “neutral” rating in a research report on Friday, April 25th. Finally, Cfra Research raised United Rentals to a “strong-buy” rating in a report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $725.69.

United Rentals Price Performance

Shares of NYSE URI opened at $670.10 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The stock has a fifty day simple moving average of $615.26 and a two-hundred day simple moving average of $715.71. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $896.98. The firm has a market cap of $43.56 billion, a price-to-earnings ratio of 17.29, a price-to-earnings-growth ratio of 1.43 and a beta of 1.70.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share for the quarter, missing the consensus estimate of $8.92 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the previous year, the company posted $9.15 EPS. The firm’s revenue was up 6.7% compared to the same quarter last year. Analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Wednesday, May 14th. United Rentals’s payout ratio is currently 18.54%.

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.