United Rentals, Inc. $URI Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB decreased its position in shares of United Rentals, Inc. (NYSE:URI) by 83.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 126,084 shares of the construction company’s stock after selling 623,192 shares during the period. Nordea Investment Management AB’s holdings in United Rentals were worth $119,149,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC grew its stake in shares of United Rentals by 650.0% during the third quarter. Salomon & Ludwin LLC now owns 30 shares of the construction company’s stock valued at $29,000 after acquiring an additional 26 shares in the last quarter. Cedar Mountain Advisors LLC acquired a new position in shares of United Rentals in the third quarter worth about $32,000. Loomis Sayles & Co. L P purchased a new position in United Rentals in the second quarter valued at about $28,000. Maseco LLP purchased a new stake in United Rentals during the 2nd quarter worth approximately $32,000. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in shares of United Rentals in the 3rd quarter valued at approximately $40,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Trading Down 0.9%

United Rentals stock opened at $939.79 on Wednesday. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $1,021.47. The firm’s 50-day moving average is $830.70 and its 200-day moving average is $878.75. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.84 and a current ratio of 0.90. The company has a market cap of $59.80 billion, a P/E ratio of 24.17, a PEG ratio of 1.97 and a beta of 1.69.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, October 22nd. The construction company reported $11.70 earnings per share for the quarter, missing the consensus estimate of $12.43 by ($0.73). United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same quarter last year, the company earned $11.80 EPS. United Rentals’s revenue was up 5.9% compared to the same quarter last year. On average, equities analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were issued a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $7.16 annualized dividend and a dividend yield of 0.8%. United Rentals’s dividend payout ratio (DPR) is 18.42%.

Analyst Ratings Changes

URI has been the subject of a number of recent analyst reports. UBS Group raised shares of United Rentals from a “neutral” rating to a “buy” rating and set a $1,025.00 price target for the company in a research report on Sunday, January 4th. Royal Bank Of Canada set a $1,123.00 price objective on shares of United Rentals in a report on Friday, October 24th. JPMorgan Chase & Co. boosted their target price on shares of United Rentals from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Monday, September 22nd. KeyCorp reaffirmed an “overweight” rating on shares of United Rentals in a research report on Wednesday, December 3rd. Finally, BNP Paribas set a $900.00 price objective on United Rentals and gave the company a “neutral” rating in a report on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $962.61.

United Rentals Profile

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.