BI Asset Management Fondsmaeglerselskab A S Has $3.69 Million Holdings in United Rentals, Inc. (NYSE:URI)

BI Asset Management Fondsmaeglerselskab A S lessened its position in United Rentals, Inc. (NYSE:URI) by 60.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,112 shares of the construction company’s stock after selling 7,782 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in United Rentals were worth $3,686,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Research Global Investors boosted its position in shares of United Rentals by 39.1% in the fourth quarter. Capital Research Global Investors now owns 6,399,808 shares of the construction company’s stock worth $3,669,806,000 after buying an additional 1,799,997 shares during the period. Norges Bank acquired a new stake in shares of United Rentals in the fourth quarter worth $977,443,000. Dimensional Fund Advisors LP boosted its position in shares of United Rentals by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,246,092 shares of the construction company’s stock worth $714,578,000 after buying an additional 56,948 shares during the period. International Assets Investment Management LLC boosted its position in shares of United Rentals by 58,829.4% in the fourth quarter. International Assets Investment Management LLC now owns 1,043,051 shares of the construction company’s stock worth $598,106,000 after buying an additional 1,041,281 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of United Rentals by 1.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 650,387 shares of the construction company’s stock worth $372,945,000 after buying an additional 11,429 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on URI shares. Oppenheimer reaffirmed a “market perform” rating on shares of United Rentals in a research report on Monday, April 29th. Citigroup started coverage on United Rentals in a research report on Wednesday, June 26th. They issued a “buy” rating and a $745.00 target price for the company. Truist Financial decreased their target price on United Rentals from $796.00 to $785.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. Stifel Nicolaus increased their price objective on United Rentals from $720.00 to $750.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Raymond James initiated coverage on United Rentals in a report on Friday, June 28th. They set an “outperform” rating and a $750.00 price objective for the company. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $637.67.

United Rentals Stock Performance

URI traded up $6.16 on Wednesday, hitting $633.57. The company had a trading volume of 92,868 shares, compared to its average volume of 566,510. The stock has a market cap of $42.19 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 2.11 and a beta of 1.71. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.89 and a quick ratio of 0.83. The company’s fifty day moving average price is $656.08 and its 200 day moving average price is $649.42. United Rentals, Inc. has a 1-year low of $387.01 and a 1-year high of $732.37.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, April 24th. The construction company reported $9.15 EPS for the quarter, beating analysts’ consensus estimates of $8.35 by $0.80. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.44 billion. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm posted $7.95 earnings per share. Equities analysts predict that United Rentals, Inc. will post 43.61 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Tuesday, May 7th. United Rentals’s dividend payout ratio is 17.66%.

Insiders Place Their Bets

In other United Rentals news, CEO Matthew John Flannery sold 8,379 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the completion of the transaction, the chief executive officer now owns 103,400 shares of the company’s stock, valued at approximately $72,341,742. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other United Rentals news, COO Michael D. Durand sold 559 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $674.56, for a total transaction of $377,079.04. Following the completion of the transaction, the chief operating officer now owns 8,052 shares of the company’s stock, valued at approximately $5,431,557.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew John Flannery sold 8,379 shares of the business’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the transaction, the chief executive officer now directly owns 103,400 shares of the company’s stock, valued at approximately $72,341,742. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

United Rentals Company Profile

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.