Livforsakringsbolaget Skandia Omsesidigt Has $19.24 Million Stock Holdings in United Rentals, Inc. $URI

Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of United Rentals, Inc. (NYSE:URI) by 9.8% in the first quarter, HoldingsChannel reports. The firm owned 26,447 shares of the construction company’s stock after purchasing an additional 2,350 shares during the period. United Rentals makes up approximately 0.8% of Livforsakringsbolaget Skandia Omsesidigt’s investment portfolio, making the stock its 29th biggest holding. Livforsakringsbolaget Skandia Omsesidigt’s holdings in United Rentals were worth $19,240,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Beacon Investment Advisory Services Inc. boosted its holdings in shares of United Rentals by 1,358.7% in the 4th quarter. Beacon Investment Advisory Services Inc. now owns 8,227 shares of the construction company’s stock worth $6,658,000 after acquiring an additional 7,663 shares in the last quarter. Nordea Investment Management AB raised its position in United Rentals by 22.7% in the 4th quarter. Nordea Investment Management AB now owns 154,688 shares of the construction company’s stock valued at $126,362,000 after purchasing an additional 28,604 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in United Rentals by 18.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,756 shares of the construction company’s stock valued at $9,514,000 after purchasing an additional 1,846 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in United Rentals by 1.4% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 367,814 shares of the construction company’s stock worth $351,128,000 after purchasing an additional 5,115 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in United Rentals by 52.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 3,241 shares of the construction company’s stock worth $2,623,000 after purchasing an additional 1,109 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Trading Down 1.9%

URI stock opened at $1,064.77 on Wednesday. The company has a market cap of $66.71 billion, a P/E ratio of 27.16, a PEG ratio of 1.74 and a beta of 1.79. United Rentals, Inc. has a twelve month low of $701.59 and a twelve month high of $1,143.69. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.37. The business has a fifty day moving average of $1,034.86 and a 200-day moving average of $906.18.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.47 by ($1.76). The firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $4.20 billion. United Rentals had a net margin of 15.32% and a return on equity of 30.56%. United Rentals’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $8.86 EPS. As a group, equities research analysts expect that United Rentals, Inc. will post 46.7 EPS for the current year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were paid a dividend of $1.97 per share. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 13th. United Rentals’s payout ratio is 20.10%.

Insider Buying and Selling at United Rentals

In other United Rentals news, VP Andrew B. Limoges sold 548 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $977.86, for a total value of $535,867.28. Following the transaction, the vice president directly owned 1,865 shares of the company’s stock, valued at approximately $1,823,708.90. This trade represents a 22.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Joli L. Gross sold 306 shares of United Rentals stock in a transaction on Monday, April 27th. The stock was sold at an average price of $954.99, for a total transaction of $292,226.94. Following the sale, the senior vice president directly owned 5,738 shares of the company’s stock, valued at $5,479,732.62. This represents a 5.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 26,088 shares of company stock valued at $25,628,877. 0.47% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on URI shares. Bank of America raised their target price on United Rentals from $1,020.00 to $1,195.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Citigroup upped their price target on shares of United Rentals from $1,210.00 to $1,270.00 and gave the stock a “buy” rating in a research report on Tuesday. Barclays increased their price objective on shares of United Rentals from $600.00 to $715.00 and gave the stock an “underweight” rating in a report on Friday, April 24th. JPMorgan Chase & Co. boosted their target price on shares of United Rentals from $1,050.00 to $1,100.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Evercore reiterated an “outperform” rating and set a $1,101.00 target price on shares of United Rentals in a research report on Monday, May 11th. Fourteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,131.56.

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.