United Rentals, Inc. (NYSE:URI) Shares Purchased by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ increased its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 36.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,409 shares of the construction company's stock after acquiring an additional 6,475 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in United Rentals were worth $17,233,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of URI. Proficio Capital Partners LLC acquired a new stake in shares of United Rentals in the fourth quarter worth approximately $171,733,000. Raymond James Financial Inc. acquired a new stake in shares of United Rentals in the fourth quarter worth approximately $164,493,000. JPMorgan Chase & Co. boosted its position in shares of United Rentals by 15.4% in the third quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company's stock worth $637,968,000 after acquiring an additional 105,287 shares during the last quarter. FMR LLC boosted its position in shares of United Rentals by 3.7% in the third quarter. FMR LLC now owns 2,416,568 shares of the construction company's stock worth $1,956,768,000 after acquiring an additional 85,325 shares during the last quarter. Finally, National Pension Service boosted its position in shares of United Rentals by 79.8% in the fourth quarter. National Pension Service now owns 167,813 shares of the construction company's stock worth $118,214,000 after acquiring an additional 74,479 shares during the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on URI shares. Truist Financial restated a "buy" rating and issued a $956.00 price target (down previously from $963.00) on shares of United Rentals in a report on Friday, January 31st. Robert W. Baird upgraded shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price target on the stock in a report on Tuesday, January 14th. Argus raised their price target on shares of United Rentals from $840.00 to $880.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Citigroup cut their price target on shares of United Rentals from $985.00 to $835.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. raised their price target on shares of United Rentals from $940.00 to $1,000.00 and gave the company an "overweight" rating in a report on Friday, January 31st. One equities 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. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $829.00.

Remove Ads

United Rentals Stock Down 2.0 %

Shares of URI traded down $12.20 during mid-day trading on Tuesday, reaching $608.51. 452,393 shares of the stock traded hands, compared to its average volume of 547,833. United Rentals, Inc. has a 12-month low of $585.27 and a 12-month high of $896.98. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The firm has a market cap of $39.74 billion, a price-to-earnings ratio of 15.70, a P/E/G ratio of 1.43 and a beta of 1.76. The stock has a fifty day simple moving average of $700.45 and a 200 day simple moving average of $759.90.

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

United Rentals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a dividend of $1.79 per share. The ex-dividend date was Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.18%. This is an increase from United Rentals's previous quarterly dividend of $1.63. United Rentals's dividend payout ratio (DPR) is presently 18.48%.

Insider Transactions at United Rentals

In other news, CFO William E. Grace sold 1,100 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $638.10, for a total transaction of $701,910.00. Following the completion of the sale, the chief financial officer now owns 6,880 shares of the company's stock, valued at approximately $4,390,128. This trade represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.53% of the company's stock.

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.