Raiffeisen Bank International AG Increases Stock Position in United Rentals, Inc. $URI

Raiffeisen Bank International AG grew its stake in shares of United Rentals, Inc. (NYSE:URI) by 7.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,832 shares of the construction company’s stock after acquiring an additional 860 shares during the quarter. Raiffeisen Bank International AG’s holdings in United Rentals were worth $10,487,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of URI. Norges Bank purchased a new stake in shares of United Rentals in the 4th quarter worth $978,017,000. Capital International Investors grew its holdings in United Rentals by 22.8% during the third quarter. Capital International Investors now owns 3,402,524 shares of the construction company’s stock valued at $3,247,762,000 after purchasing an additional 631,484 shares during the period. TD Asset Management Inc grew its holdings in United Rentals by 66.5% during the third quarter. TD Asset Management Inc now owns 484,450 shares of the construction company’s stock valued at $462,485,000 after purchasing an additional 193,416 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in United Rentals by 3,459.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 196,688 shares of the construction company’s stock valued at $159,184,000 after purchasing an additional 191,162 shares during the period. Finally, Capital World Investors grew its holdings in United Rentals by 6.7% during the third quarter. Capital World Investors now owns 2,678,614 shares of the construction company’s stock valued at $2,557,158,000 after purchasing an additional 168,685 shares during the period. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at United Rentals

In related news, EVP Craig Adam Pintoff sold 2,466 shares of the business’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $963.00, for a total value of $2,374,758.00. Following the sale, the executive vice president owned 14,774 shares in the company, valued at approximately $14,227,362. The trade was a 14.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Matthew John Flannery sold 22,768 shares of the business’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $984.98, for a total transaction of $22,426,024.64. Following the completion of the sale, the chief executive officer owned 99,980 shares in the company, valued at $98,478,300.40. This represents a 18.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 26,088 shares of company stock worth $25,628,877. Company insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Raymond James Financial reissued an “outperform” rating and set a $1,275.00 price target on shares of United Rentals in a report on Wednesday. JPMorgan Chase & Co. lifted their price target on shares of United Rentals from $850.00 to $1,050.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Truist Financial set a $1,209.00 price target on shares of United Rentals in a report on Friday, April 24th. Morgan Stanley reaffirmed an “overweight” rating and set a $1,030.00 price target on shares of United Rentals in a report on Friday, April 24th. Finally, Citigroup lifted their price target on shares of United Rentals from $950.00 to $1,130.00 and gave the company a “buy” rating in a report on Friday, April 24th. Thirteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,029.00.

United Rentals Trading Up 1.0%

United Rentals stock opened at $1,067.20 on Friday. The stock has a market cap of $66.86 billion, a P/E ratio of 27.22, a PEG ratio of 1.67 and a beta of 1.81. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.74. United Rentals, Inc. has a 1 year low of $682.08 and a 1 year high of $1,106.88. The firm’s 50 day moving average price is $913.55 and its 200-day moving average price is $860.73.

United Rentals (NYSE:URI) last released its quarterly earnings data 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 company had revenue of $3.99 billion for 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%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $8.86 EPS. On average, equities analysts predict that United Rentals, Inc. will post 47.14 earnings per share for the current fiscal 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 given a $1.97 dividend. This represents a $7.88 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, May 13th. United Rentals’s payout ratio is currently 20.10%.

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.