United Rentals, Inc. $URI Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB decreased its position in shares of United Rentals, Inc. (NYSE:URI) by 83.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 126,084 shares of the construction company’s stock after selling 623,192 shares during the period. Nordea Investment Management AB owned 0.20% of United Rentals worth $119,149,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of URI. Norges Bank acquired a new stake in shares of United Rentals during the second quarter worth $776,102,000. JPMorgan Chase & Co. lifted its position in United Rentals by 71.3% during the second quarter. JPMorgan Chase & Co. now owns 1,874,127 shares of the construction company’s stock worth $1,411,968,000 after buying an additional 780,322 shares during the period. Boston Partners lifted its position in United Rentals by 74.5% during the second quarter. Boston Partners now owns 715,250 shares of the construction company’s stock worth $542,526,000 after buying an additional 305,378 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in United Rentals in the 2nd quarter worth about $152,069,000. Finally, Lazard Asset Management LLC grew its holdings in United Rentals by 34,208.2% in the 2nd quarter. Lazard Asset Management LLC now owns 189,038 shares of the construction company’s stock valued at $142,421,000 after buying an additional 188,487 shares during the period. 96.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on URI. BNP Paribas set a $900.00 price objective on shares of United Rentals and gave the stock a “neutral” rating in a report on Tuesday, September 16th. Royal Bank Of Canada set a $1,123.00 price target on shares of United Rentals in a research note on Friday, October 24th. Wells Fargo & Company started coverage on shares of United Rentals in a report on Thursday, November 13th. They issued an “overweight” rating and a $995.00 price target on the stock. Robert W. Baird upgraded United Rentals from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $888.00 to $1,050.00 in a report on Wednesday, October 1st. Finally, Barclays cut their target price on United Rentals from $620.00 to $600.00 and set an “underweight” rating on the stock in a research report on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, United Rentals has an average rating of “Moderate Buy” and a consensus target price of $962.61.

United Rentals Price Performance

United Rentals stock opened at $939.79 on Wednesday. The firm has a fifty day moving average of $830.70 and a 200-day moving average of $878.75. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $1,021.47. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $59.80 billion, a P/E ratio of 24.17, a PEG ratio of 1.97 and a beta of 1.69.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The business had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.16 billion. During the same period last year, the company posted $11.80 earnings per share. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, analysts predict that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were paid a $1.79 dividend. The ex-dividend date was Wednesday, November 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. United Rentals’s dividend payout ratio (DPR) is 18.42%.

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.