Avanza Fonder AB Makes New $3.69 Million Investment in United Rentals, Inc. (NYSE:URI)

Avanza Fonder AB bought a new stake in United Rentals, Inc. (NYSE:URI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,236 shares of the construction company's stock, valued at approximately $3,688,000.

Several other hedge funds and other institutional investors have also made changes to their positions in URI. Mirae Asset Global Investments Co. Ltd. grew its position in United Rentals by 11.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,203 shares of the construction company's stock valued at $7,492,000 after acquiring an additional 964 shares in the last quarter. Retireful LLC acquired a new stake in United Rentals during the 3rd quarter valued at $697,000. Mizuho Securities USA LLC lifted its holdings in United Rentals by 1,067.5% in the 3rd quarter. Mizuho Securities USA LLC now owns 59,879 shares of the construction company's stock worth $48,486,000 after buying an additional 54,750 shares in the last quarter. Fiduciary Alliance LLC boosted its position in United Rentals by 196.5% in the 4th quarter. Fiduciary Alliance LLC now owns 1,420 shares of the construction company's stock valued at $1,000,000 after buying an additional 941 shares during the last quarter. Finally, XTX Topco Ltd boosted its position in United Rentals by 428.8% in the 3rd quarter. XTX Topco Ltd now owns 1,692 shares of the construction company's stock valued at $1,370,000 after buying an additional 1,372 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Stock Performance

NYSE URI traded up $13.39 during trading hours on Friday, reaching $770.81. The company's stock had a trading volume of 897,099 shares, compared to its average volume of 466,512. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. The business has a 50-day simple moving average of $778.79 and a 200 day simple moving average of $760.78. The stock has a market cap of $50.58 billion, a PE ratio of 20.13, a PEG ratio of 1.46 and a beta of 1.69. United Rentals, Inc. has a 52 week low of $553.22 and a 52 week high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing the consensus estimate of $12.49 by ($0.69). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The company had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same period in the prior year, the business earned $11.73 earnings per share. United Rentals's quarterly revenue was up 6.0% on a year-over-year basis. Equities research analysts predict that United Rentals, Inc. will post 43.46 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Wednesday, November 13th. United Rentals's dividend payout ratio is currently 17.03%.

Analyst Ratings Changes

URI has been the topic of several recent analyst reports. Argus boosted their price target on United Rentals from $840.00 to $880.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Baird R W raised United Rentals from a "strong sell" rating to a "hold" rating in a research report on Tuesday. Citigroup decreased their price target on shares of United Rentals from $985.00 to $835.00 and set a "buy" rating for the company in a research report on Tuesday. Barclays lifted their price target on shares of United Rentals from $400.00 to $565.00 and gave the stock an "underweight" rating in a research note on Friday, October 25th. Finally, Robert W. Baird upgraded shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price objective on the stock in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $805.08.

Insider Buying and Selling at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $823.24, for a total value of $740,916.00. Following the completion of the transaction, the senior vice president now directly owns 2,044 shares in the company, valued at $1,682,702.56. This trade represents a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.49% of the stock is owned by company 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.