Avanza Fonder AB Has $3.32 Million Stake in United Rentals, Inc. (NYSE:URI)

Avanza Fonder AB decreased its holdings in shares of United Rentals, Inc. (NYSE:URI) by 1.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,136 shares of the construction company’s stock after selling 100 shares during the period. Avanza Fonder AB’s holdings in United Rentals were worth $3,319,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Adell Harriman & Carpenter Inc. boosted its position in shares of United Rentals by 1.8% during the fourth quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company’s stock worth $573,000 after purchasing an additional 14 shares in the last quarter. Valmark Advisers Inc. increased its stake in United Rentals by 1.8% in the 4th quarter. Valmark Advisers Inc. now owns 788 shares of the construction company’s stock valued at $555,000 after buying an additional 14 shares during the last quarter. Erste Asset Management GmbH increased its stake in United Rentals by 0.5% in the 4th quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company’s stock valued at $2,002,000 after buying an additional 14 shares during the last quarter. Forum Financial Management LP increased its stake in shares of United Rentals by 1.9% during the 4th quarter. Forum Financial Management LP now owns 749 shares of the construction company’s stock worth $528,000 after purchasing an additional 14 shares during the last quarter. Finally, Klingman & Associates LLC increased its stake in shares of United Rentals by 2.3% during the 4th quarter. Klingman & Associates LLC now owns 669 shares of the construction company’s stock worth $471,000 after purchasing an additional 15 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Trading Up 1.2%

URI opened at $715.79 on Wednesday. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $896.98. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The company has a fifty day moving average of $653.84 and a 200-day moving average of $694.62. The stock has a market cap of $46.53 billion, a PE ratio of 18.47, a price-to-earnings-growth ratio of 1.43 and a beta of 1.70.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 earnings per share for the quarter, missing the consensus estimate of $8.92 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter last year, the company earned $9.15 earnings per share. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. On average, sell-side analysts predict that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Wednesday, May 14th. United Rentals’s dividend payout ratio (DPR) is presently 18.54%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on URI shares. Sanford C. Bernstein upgraded shares of United Rentals from an “underperform” rating to a “market perform” rating and lowered their price objective for the stock from $705.00 to $666.00 in a research note on Tuesday, March 25th. Truist Financial boosted their price objective on shares of United Rentals from $732.00 to $786.00 and gave the company a “buy” rating in a report on Friday, April 25th. UBS Group raised shares of United Rentals from a “sell” rating to a “neutral” rating and upped their price target for the stock from $485.00 to $780.00 in a report on Friday, May 16th. Cfra Research raised shares of United Rentals to a “strong-buy” rating in a report on Friday, April 25th. Finally, Bank of America lowered their price objective on shares of United Rentals from $850.00 to $750.00 and set a “buy” rating for the company in a research report on Friday, March 21st. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, United Rentals presently has a consensus rating of “Moderate Buy” and an average price target of $753.15.

Insider Transactions at United Rentals

In other news, EVP Michael D. Durand sold 1,100 shares of the stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total transaction of $688,908.00. Following the completion of the sale, the executive vice president now directly owns 8,748 shares in the company, valued at $5,478,697.44. This represents a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Andrew B. Limoges sold 708 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $705.86, for a total transaction of $499,748.88. Following the completion of the sale, the vice president now owns 1,921 shares of the company’s stock, valued at $1,355,957.06. The trade was a 26.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by corporate insiders.

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.