Tredje AP fonden Sells 82,957 Shares of United Rentals, Inc. (NYSE:URI)

Tredje AP fonden reduced its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 75.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,637 shares of the construction company's stock after selling 82,957 shares during the period. Tredje AP fonden's holdings in United Rentals were worth $19,469,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. GHP Investment Advisors Inc. lifted its stake in United Rentals by 6.3% in the 4th quarter. GHP Investment Advisors Inc. now owns 14,855 shares of the construction company's stock worth $10,464,000 after acquiring an additional 877 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of United Rentals by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 445,214 shares of the construction company's stock worth $313,627,000 after purchasing an additional 6,787 shares in the last quarter. Retireful LLC purchased a new stake in shares of United Rentals during the 3rd quarter worth about $697,000. Fiduciary Alliance LLC raised its stake in shares of United Rentals by 196.5% during the 4th quarter. Fiduciary Alliance LLC now owns 1,420 shares of the construction company's stock worth $1,000,000 after purchasing an additional 941 shares in the last quarter. Finally, Mizuho Securities USA LLC raised its stake in shares of United Rentals by 1,067.5% during the 3rd quarter. Mizuho Securities USA LLC now owns 59,879 shares of the construction company's stock worth $48,486,000 after purchasing an additional 54,750 shares in the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Insider Transactions at United Rentals

In other news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction 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 trade represents a 13.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.53% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on URI shares. Citigroup cut their price target on United Rentals from $985.00 to $835.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Evercore ISI cut their price target on United Rentals from $1,004.00 to $974.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Robert W. Baird raised United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price target for the company in a research note on Tuesday, January 14th. Baird R W raised United Rentals from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 14th. Finally, Argus increased their price objective on United Rentals from $840.00 to $880.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $829.00.

United Rentals Stock Performance

URI traded up $29.18 during midday trading on Friday, reaching $623.35. The company's stock had a trading volume of 823,233 shares, compared to its average volume of 548,233. The stock has a market cap of $40.71 billion, a P/E ratio of 16.09, a PEG ratio of 1.43 and a beta of 1.76. The company has a fifty day simple moving average of $701.71 and a 200 day simple moving average of $760.44. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a twelve month low of $585.27 and a twelve month high of $896.98.

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

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Wednesday, February 12th. This is a positive change from United Rentals's previous quarterly dividend of $1.63. United Rentals's dividend payout ratio (DPR) is presently 18.48%.

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.