APG Asset Management N.V. Has $29.16 Million Position in United Rentals, Inc. (NYSE:URI)

APG Asset Management N.V. raised its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 339.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,857 shares of the construction company's stock after buying an additional 33,107 shares during the period. APG Asset Management N.V. owned approximately 0.07% of United Rentals worth $29,155,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in United Rentals in the 4th quarter worth approximately $695,716,000. Proficio Capital Partners LLC bought a new position in United Rentals during the fourth quarter valued at about $171,733,000. Raymond James Financial Inc. bought a new stake in United Rentals during the fourth quarter worth approximately $164,493,000. Alliancebernstein L.P. boosted its holdings in shares of United Rentals by 16.0% during the 4th quarter. Alliancebernstein L.P. now owns 1,250,324 shares of the construction company's stock worth $880,778,000 after buying an additional 172,340 shares during the period. Finally, TD Asset Management Inc. boosted its holdings in United Rentals by 207.8% during the fourth quarter. TD Asset Management Inc. now owns 234,366 shares of the construction company's stock valued at $165,097,000 after acquiring an additional 158,214 shares during the period. 96.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO William E. Grace sold 1,100 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $638.10, for a total transaction of $701,910.00. Following the transaction, the chief financial officer now directly owns 6,880 shares in the company, valued at $4,390,128. The trade was a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.53% of the stock is owned by corporate insiders.

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United Rentals Stock Up 0.7 %

NYSE URI traded up $3.80 during trading on Monday, hitting $586.70. The stock had a trading volume of 433,798 shares, compared to its average volume of 739,403. The company has a market capitalization of $38.33 billion, a PE ratio of 15.14, a P/E/G ratio of 1.43 and a beta of 1.72. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $896.98. The company's 50-day moving average price is $644.29 and its two-hundred day moving average price is $740.17. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS 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%. As a group, sell-side analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 1.22%. This is an increase from United Rentals's previous quarterly dividend of $1.63. The ex-dividend date was Wednesday, February 12th. United Rentals's payout ratio is presently 18.48%.

Analyst Upgrades and Downgrades

URI has been the topic of a number of research reports. Baird R W raised shares of United Rentals from a "strong sell" rating to a "hold" rating in a research report on Tuesday, January 14th. Morgan Stanley lowered their price target on United Rentals from $775.00 to $765.00 and set an "equal weight" rating on the stock in a research report on Monday, February 3rd. UBS Group lowered shares of United Rentals from a "buy" rating to a "sell" rating and dropped their price objective for the stock from $910.00 to $485.00 in a report on Monday, April 7th. JPMorgan Chase & Co. boosted their target price on shares of United Rentals from $940.00 to $1,000.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Finally, Evercore ISI decreased their price target on United Rentals from $1,004.00 to $974.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, United Rentals currently has a consensus rating of "Hold" and a consensus price target of $752.14.

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.