United Rentals, Inc. (NYSE:URI) Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB reduced its holdings in United Rentals, Inc. (NYSE:URI) by 9.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,750 shares of the construction company’s stock after selling 300 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in United Rentals were worth $2,227,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Dakota Wealth Management increased its stake in shares of United Rentals by 183.0% during the 3rd quarter. Dakota Wealth Management now owns 11,060 shares of the construction company’s stock valued at $8,956,000 after acquiring an additional 7,152 shares during the last quarter. Jackson Wealth Management LLC grew its holdings in United Rentals by 69.2% in the third quarter. Jackson Wealth Management LLC now owns 8,598 shares of the construction company’s stock valued at $6,962,000 after purchasing an additional 3,515 shares during the period. Hennion & Walsh Asset Management Inc. increased its position in United Rentals by 35.6% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 6,047 shares of the construction company’s stock worth $4,896,000 after purchasing an additional 1,589 shares during the last quarter. X Square Capital LLC raised its stake in United Rentals by 3.2% during the third quarter. X Square Capital LLC now owns 4,988 shares of the construction company’s stock worth $4,039,000 after purchasing an additional 154 shares during the period. Finally, Great Lakes Retirement Inc. boosted its holdings in shares of United Rentals by 1.3% in the 3rd quarter. Great Lakes Retirement Inc. now owns 15,497 shares of the construction company’s stock valued at $12,548,000 after purchasing an additional 205 shares during the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

URI has been the topic of several research reports. Evercore ISI increased their target price on United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Raymond James assumed coverage on United Rentals in a report on Friday, June 28th. They issued an “outperform” rating and a $750.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price on United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Barclays raised their price target on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a report on Friday. Finally, Citigroup boosted their price objective on shares of United Rentals from $930.00 to $955.00 and gave the stock a “buy” rating in a research note on Friday. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $742.50.

United Rentals Stock Performance

Shares of URI stock opened at $811.70 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.81 and a quick ratio of 0.76. The company’s fifty day moving average price is $772.68 and its two-hundred day moving average price is $708.16. The firm has a market capitalization of $54.05 billion, a P/E ratio of 21.99, a P/E/G ratio of 1.96 and a beta of 1.68. United Rentals, Inc. has a 12 month low of $387.01 and a 12 month high of $861.74.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing the consensus estimate of $12.49 by ($0.69). The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $11.73 EPS. On average, research analysts anticipate that United Rentals, Inc. will post 44.38 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Wednesday, November 13th. United Rentals’s dividend payout ratio (DPR) is currently 17.66%.

Insider Transactions at United Rentals

In other United Rentals news, SVP Joli L. Gross sold 360 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $690.00, for a total transaction of $248,400.00. Following the transaction, the senior vice president now directly owns 4,090 shares in the company, valued at $2,822,100. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.53% of the company’s stock.

About United Rentals

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.