B. Metzler seel. Sohn & Co. Holding AG Invests $11.10 Million in United Rentals, Inc. (NYSE:URI)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 13,708 shares of the construction company's stock, valued at approximately $11,100,000.

Several other institutional investors and hedge funds also recently made changes to their positions in URI. Covestor Ltd boosted its stake in United Rentals by 155.6% in the 1st quarter. Covestor Ltd now owns 138 shares of the construction company's stock worth $100,000 after purchasing an additional 84 shares during the period. Clearbridge Investments LLC boosted its stake in United Rentals by 0.5% in the 1st quarter. Clearbridge Investments LLC now owns 8,241 shares of the construction company's stock worth $5,943,000 after purchasing an additional 40 shares during the period. UniSuper Management Pty Ltd boosted its stake in United Rentals by 263.4% in the 1st quarter. UniSuper Management Pty Ltd now owns 2,304 shares of the construction company's stock worth $1,661,000 after purchasing an additional 1,670 shares during the period. Lake Street Advisors Group LLC boosted its stake in United Rentals by 81.3% in the 1st quarter. Lake Street Advisors Group LLC now owns 1,394 shares of the construction company's stock worth $1,005,000 after purchasing an additional 625 shares during the period. Finally, Twin Capital Management Inc. boosted its stake in United Rentals by 10.1% in the 1st quarter. Twin Capital Management Inc. now owns 436 shares of the construction company's stock worth $314,000 after purchasing an additional 40 shares during the period. Institutional investors own 96.26% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on URI shares. Bank of America raised their target price on United Rentals from $800.00 to $910.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Robert W. Baird lifted their price target on United Rentals from $565.00 to $650.00 and gave the company an "underperform" rating in a research report on Thursday, October 3rd. Barclays lifted their price target on United Rentals from $400.00 to $565.00 and gave the company an "underweight" rating in a research report on Friday, October 25th. Citigroup lifted their price target on United Rentals from $930.00 to $955.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Finally, Evercore ISI lifted their price target on United Rentals from $774.00 to $795.00 and gave the company an "outperform" rating in a research report on Monday, August 19th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $742.50.

Insiders Place Their Bets

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the transaction, the senior vice president now directly owns 2,044 shares of the company's stock, valued at $1,682,702.56. The trade was a 30.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.49% of the company's stock.

United Rentals Price Performance

Shares of NYSE URI traded down $11.78 during trading hours on Tuesday, reaching $821.16. 461,367 shares of the stock traded hands, compared to its average volume of 547,135. The company has a market capitalization of $53.88 billion, a P/E ratio of 21.75, a price-to-earnings-growth ratio of 1.96 and a beta of 1.68. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. United Rentals, Inc. has a 52-week low of $454.71 and a 52-week high of $896.98. The company's 50-day simple moving average is $809.84 and its two-hundred day simple moving average is $727.93.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing analysts' consensus estimates of $12.49 by ($0.69). The company had revenue of $3.99 billion during the quarter, compared to analysts' expectations of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. United Rentals's revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $11.73 earnings per share. Equities research analysts forecast that United Rentals, Inc. will post 43.55 EPS for the current year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a yield of 0.79%. United Rentals's dividend payout ratio (DPR) is currently 17.03%.

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.