Mn Services Vermogensbeheer B.V. Has $20.70 Million Stake in United Rentals, Inc. $URI

Mn Services Vermogensbeheer B.V. lifted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 4.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,578 shares of the construction company’s stock after acquiring an additional 1,029 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in United Rentals were worth $20,701,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Salomon & Ludwin LLC boosted its position in United Rentals by 650.0% during the third quarter. Salomon & Ludwin LLC now owns 30 shares of the construction company’s stock worth $29,000 after purchasing an additional 26 shares during the period. Abich Financial Wealth Management LLC acquired a new position in shares of United Rentals in the third quarter valued at $29,000. Aventura Private Wealth LLC bought a new position in shares of United Rentals in the fourth quarter valued at about $27,000. Cedar Mountain Advisors LLC bought a new position in shares of United Rentals in the third quarter valued at about $32,000. Finally, Loomis Sayles & Co. L P acquired a new stake in shares of United Rentals during the 2nd quarter worth about $28,000. 96.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on URI shares. Robert W. Baird set a $970.00 target price on shares of United Rentals in a report on Friday, January 30th. UBS Group raised shares of United Rentals from a “neutral” rating to a “buy” rating and set a $1,025.00 price target on the stock in a report on Sunday, January 4th. Sanford C. Bernstein set a $965.00 price objective on shares of United Rentals in a research report on Friday, January 30th. KeyCorp set a $950.00 price objective on United Rentals in a report on Friday, January 30th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of United Rentals in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $925.59.

United Rentals Trading Up 2.0%

Shares of United Rentals stock opened at $728.00 on Wednesday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.88 and a current ratio of 0.94. The firm has a 50-day moving average of $823.37 and a 200-day moving average of $861.58. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $1,021.47. The stock has a market cap of $45.78 billion, a PE ratio of 18.82, a PEG ratio of 1.15 and a beta of 1.66.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, January 28th. The construction company reported $11.09 EPS for the quarter, missing analysts’ consensus estimates of $11.86 by ($0.77). United Rentals had a return on equity of 30.35% and a net margin of 15.49%.The business had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same period in the prior year, the business posted $11.59 earnings per share. United Rentals’s revenue was up 2.8% compared to the same quarter last year. As a group, sell-side analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 11th were issued a dividend of $1.97 per share. This is a boost from United Rentals’s previous quarterly dividend of $1.79. This represents a $7.88 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, February 11th. United Rentals’s payout ratio is 20.37%.

United Rentals announced that its board has authorized a share repurchase plan on Wednesday, January 28th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the construction company to repurchase up to 8.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.

Insider Activity at United Rentals

In related news, EVP William E. Grace sold 1,498 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $790.89, for a total value of $1,184,753.22. Following the completion of the sale, the executive vice president directly owned 6,872 shares in the company, valued at approximately $5,434,996.08. The trade was a 17.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Michael D. Durand sold 2,490 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $791.14, for a total value of $1,969,938.60. Following the sale, the executive vice president directly owned 7,458 shares in the company, valued at $5,900,322.12. This represents a 25.03% decrease in their position. The SEC filing for this sale provides additional information. 0.51% of the stock is currently owned by company insiders.

United Rentals 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.