Danica Pension Livsforsikringsaktieselskab Invests $736,000 in United Rentals, Inc. $URI

Danica Pension Livsforsikringsaktieselskab acquired a new position in United Rentals, Inc. (NYSE:URI – Free Report) during the second quarter, HoldingsChannel.com reports. The fund acquired 650 shares of the construction company’s stock, valued at approximately $736,000.

Other institutional investors have also added to or reduced their stakes in the company. Core Wealth Advisors LLC acquired a new stake in United Rentals during the 4th quarter valued at approximately $28,000. MV Capital Management Inc. acquired a new position in shares of United Rentals in the 4th quarter worth approximately $28,000. MidFirst Bank acquired a new position in shares of United Rentals in the 2nd quarter worth approximately $31,000. Laurel Wealth Advisors LLC bought a new stake in shares of United Rentals in the 4th quarter valued at $32,000. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of United Rentals in the 4th quarter valued at $34,000. 96.26% of the stock is currently owned by institutional investors.

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Insiders Place Their Bets

In other news, EVP William E. Grace sold 1,500 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $1,133.15, for a total transaction of $1,699,725.00. Following the transaction, the executive vice president owned 6,062 shares in the company, valued at approximately $6,869,155.30. This represents a 19.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on URI. Wall Street Zen raised shares of United Rentals from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. KeyCorp reaffirmed an “overweight” rating and set a $1,350.00 price target on shares of United Rentals in a research report on Friday, July 24th. Royal Bank Of Canada increased their price target on United Rentals from $1,041.00 to $1,119.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Zacks Research raised United Rentals from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Finally, Morgan Stanley set a $1,335.00 price objective on United Rentals and gave the company an “overweight” rating in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,246.19.

Read Our Latest Analysis on URI

United Rentals Stock Performance

Shares of URI stock opened at $1,116.17 on Thursday. The firm has a 50 day moving average of $1,098.29 and a 200-day moving average of $946.28. The company has a market cap of $69.47 billion, a price-to-earnings ratio of 26.81, a price-to-earnings-growth ratio of 1.44 and a beta of 1.80. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 1.38. United Rentals, Inc. has a 52 week low of $701.59 and a 52 week high of $1,179.18.

United Rentals (NYSE:URI – Get Free Report) last released its earnings results on Tuesday, July 21st. The construction company reported $12.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.53 by $1.23. The company had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.22 billion. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. United Rentals’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $10.47 EPS. On average, equities analysts forecast that United Rentals, Inc. will post 48.55 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th will be paid a $1.97 dividend. This represents a $7.88 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, August 12th. United Rentals’s payout ratio is 18.92%.

United Rentals Profile

(Free Report)

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.

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