AMF Tjanstepension AB Sells 109,138 Shares of United Rentals, Inc. (NYSE:URI)

AMF Tjanstepension AB decreased its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 67.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,341 shares of the construction company's stock after selling 109,138 shares during the quarter. AMF Tjanstepension AB owned 0.08% of United Rentals worth $36,883,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Farther Finance Advisors LLC grew its position in shares of United Rentals by 11.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 436 shares of the construction company's stock valued at $353,000 after acquiring an additional 46 shares during the period. Catalina Capital Group LLC bought a new stake in United Rentals during the third quarter valued at about $227,000. Concurrent Investment Advisors LLC grew its holdings in United Rentals by 3.2% during the third quarter. Concurrent Investment Advisors LLC now owns 453 shares of the construction company's stock valued at $367,000 after purchasing an additional 14 shares during the period. Graypoint LLC increased its position in United Rentals by 13.9% in the third quarter. Graypoint LLC now owns 368 shares of the construction company's stock worth $298,000 after buying an additional 45 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of United Rentals by 3.3% in the third quarter. Principal Financial Group Inc. now owns 79,235 shares of the construction company's stock worth $64,159,000 after buying an additional 2,554 shares during the period. Hedge funds and other institutional investors own 96.26% of the company's stock.

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United Rentals Price Performance

Shares of United Rentals stock traded up $0.64 during trading hours on Tuesday, reaching $600.39. The company's stock had a trading volume of 684,053 shares, compared to its average volume of 547,971. The firm has a 50 day moving average price of $706.98 and a 200-day moving average price of $763.35. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The stock has a market cap of $39.21 billion, a P/E ratio of 15.49, a P/E/G ratio of 1.43 and a beta of 1.76. United Rentals, Inc. has a one year low of $585.27 and a one year high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. On average, analysts predict that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a $1.79 dividend. The ex-dividend date was Wednesday, February 12th. This is an increase from United Rentals's previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a yield of 1.19%. United Rentals's dividend payout ratio (DPR) is currently 18.48%.

Insiders Place Their Bets

In other news, CFO William E. Grace sold 1,100 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $638.10, for a total value of $701,910.00. Following the sale, the chief financial officer now owns 6,880 shares of the company's stock, valued at approximately $4,390,128. This represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.53% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

URI has been the subject of several analyst reports. Evercore ISI reduced their target price on shares of United Rentals from $1,004.00 to $974.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Robert W. Baird raised shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price objective for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. lifted their target price on shares of United Rentals from $940.00 to $1,000.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Morgan Stanley cut their price target on United Rentals from $775.00 to $765.00 and set an "equal weight" rating for the company in a research note on Monday, February 3rd. Finally, Citigroup lowered their price objective on United Rentals from $985.00 to $835.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, United Rentals has a consensus rating of "Moderate Buy" and a consensus target price of $829.00.

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.