Nykredit A S Makes New Investment in United Rentals, Inc. $URI

Nykredit A S acquired a new stake in United Rentals, Inc. (NYSE:URI) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 21,137 shares of the construction company’s stock, valued at approximately $23,946,000.

Other large investors also recently added to or reduced their stakes in the company. Clal Insurance Enterprises Holdings Ltd purchased a new stake in United Rentals during the second quarter valued at about $29,000. MidFirst Bank bought a new stake in shares of United Rentals in the 2nd quarter valued at about $31,000. Core Wealth Advisors LLC purchased a new stake in United Rentals during the 4th quarter valued at about $28,000. MV Capital Management Inc. bought a new position in United Rentals during the 4th quarter worth approximately $28,000. Finally, Bell Investment Advisors Inc purchased a new position in United Rentals in the 2nd quarter worth approximately $40,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Analysts Set New Price Targets

URI has been the subject of a number of analyst reports. KeyCorp reissued an “overweight” rating and set a $1,350.00 price objective on shares of United Rentals in a research note on Friday, July 24th. Citigroup increased their price target on shares of United Rentals from $1,270.00 to $1,330.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Robert W. Baird set a $1,300.00 price objective on shares of United Rentals in a research report on Friday, July 24th. Truist Financial increased their target price on shares of United Rentals from $1,421.00 to $1,466.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Finally, Evercore reissued an “outperform” rating and issued a $1,101.00 target price on shares of United Rentals in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,246.19.

United Rentals Stock Performance

NYSE:URI opened at $991.97 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 1.38. The firm’s fifty day simple moving average is $1,089.69 and its 200 day simple moving average is $961.35. The stock has a market cap of $61.74 billion, a P/E ratio of 23.82, a price-to-earnings-growth ratio of 1.44 and a beta of 1.79. United Rentals, Inc. has a twelve month low of $701.59 and a twelve month high of $1,179.18.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Tuesday, July 21st. The construction company reported $12.76 EPS for the quarter, topping the consensus estimate of $11.53 by $1.23. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same period in the prior year, the business earned $10.47 EPS. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, research analysts predict that United Rentals, Inc. will post 48.55 EPS for the current year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th were paid a $1.97 dividend. This represents a $7.88 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 12th. United Rentals’s dividend payout ratio is presently 18.92%.

Insider Transactions at United Rentals

In other United Rentals news, EVP William Grace sold 1,500 shares of the firm’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $1,133.15, for a total value of $1,699,725.00. Following the completion of the sale, the executive vice president directly owned 6,062 shares in the company, valued at $6,869,155.30. This trade represents a 19.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.47% of the stock is currently owned by insiders.

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.