United Rentals, Inc. (NYSE:URI) Shares Bought by Czech National Bank

Czech National Bank lifted its position in shares of United Rentals, Inc. (NYSE:URI) by 7.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,690 shares of the construction company’s stock after purchasing an additional 868 shares during the quarter. Czech National Bank’s holdings in United Rentals were worth $8,207,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. First Financial Corp IN acquired a new position in shares of United Rentals in the first quarter worth about $25,000. Crewe Advisors LLC acquired a new position in United Rentals in the 1st quarter worth about $27,000. Rise Advisors LLC purchased a new position in United Rentals during the first quarter worth approximately $28,000. Riverview Trust Co acquired a new stake in United Rentals in the first quarter valued at approximately $31,000. Finally, Private Wealth Management Group LLC purchased a new stake in shares of United Rentals in the fourth quarter valued at approximately $34,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Trading Down 0.1 %

NYSE URI traded down $0.85 during trading hours on Monday, reaching $695.25. The company had a trading volume of 39,786 shares, compared to its average volume of 584,603. The stock has a 50-day moving average of $670.66 and a 200 day moving average of $673.23. The stock has a market capitalization of $45.98 billion, a P/E ratio of 18.85, a price-to-earnings-growth ratio of 2.03 and a beta of 1.71. United Rentals, Inc. has a 1-year low of $387.01 and a 1-year high of $789.80. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, July 24th. The construction company reported $10.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.48 by $0.22. The business had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.77 billion. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the firm earned $9.88 earnings per share. As a group, research analysts anticipate that United Rentals, Inc. will post 44.35 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th will be given a $1.63 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.94%. United Rentals’s dividend payout ratio (DPR) is presently 17.66%.

Insider Buying and Selling at United Rentals

In other news, SVP Joli L. Gross sold 360 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $690.00, for a total transaction of $248,400.00. Following the completion of the sale, the senior vice president now owns 4,090 shares in the company, valued at $2,822,100. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.53% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Citigroup assumed coverage on United Rentals in a research report on Wednesday, June 26th. They set a “buy” rating and a $745.00 target price on the stock. Truist Financial boosted their target price on shares of United Rentals from $785.00 to $873.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Stifel Nicolaus raised their price target on shares of United Rentals from $720.00 to $750.00 and gave the company a “buy” rating in a research note on Friday, April 26th. JPMorgan Chase & Co. started coverage on United Rentals in a research note on Friday, June 7th. They set an “overweight” rating and a $780.00 price objective for the company. Finally, Raymond James started coverage on United Rentals in a research report on Friday, June 28th. They issued an “outperform” rating and a $750.00 target price on the stock. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $670.92.

United Rentals 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.