Mn Services Vermogensbeheer B.V. Buys 1,029 Shares of United Rentals, Inc. $URI

Mn Services Vermogensbeheer B.V. boosted its stake in United Rentals, Inc. (NYSE:URI) by 4.2% in the fourth quarter, Holdings Channel reports. The firm owned 25,578 shares of the construction company’s stock after purchasing an additional 1,029 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in United Rentals were worth $20,701,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Woodline Partners LP lifted its holdings in shares of United Rentals by 40.0% during the 1st quarter. Woodline Partners LP now owns 5,518 shares of the construction company’s stock worth $3,458,000 after acquiring an additional 1,577 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of United Rentals by 4.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,738 shares of the construction company’s stock worth $5,076,000 after acquiring an additional 266 shares in the last quarter. Loomis Sayles & Co. L P bought a new position in United Rentals in the second quarter valued at approximately $28,000. Schroder Investment Management Group raised its position in United Rentals by 0.7% during the second quarter. Schroder Investment Management Group now owns 36,857 shares of the construction company’s stock valued at $27,768,000 after purchasing an additional 243 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its position in United Rentals by 1.8% during the second quarter. Panagora Asset Management Inc. now owns 3,115 shares of the construction company’s stock valued at $2,347,000 after purchasing an additional 56 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

Insider Transactions at United Rentals

In other United Rentals news, EVP Michael D. Durand sold 2,490 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $791.14, for a total value of $1,969,938.60. Following the completion of the transaction, the executive vice president directly owned 7,458 shares in the company, valued at approximately $5,900,322.12. This trade represents a 25.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William E. Grace sold 1,498 shares of United Rentals stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $790.89, for a total value of $1,184,753.22. Following the sale, the executive vice president directly owned 6,872 shares in the company, valued at $5,434,996.08. The trade was a 17.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.51% of the stock is owned by corporate insiders.

United Rentals Stock Performance

Shares of United Rentals stock opened at $728.00 on Wednesday. The company’s 50 day moving average price is $823.37 and its two-hundred day moving average price is $861.58. The firm has a market capitalization of $45.78 billion, a P/E ratio of 18.82, a P/E/G ratio of 1.15 and a beta of 1.66. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $1,021.47. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.94 and a quick ratio of 0.88.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, January 28th. The construction company reported $11.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.86 by ($0.77). United Rentals had a return on equity of 30.35% and a net margin of 15.49%.The company had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.24 billion. During the same quarter last year, the company posted $11.59 earnings per share. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. On average, equities analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals announced that its board has approved a stock repurchase program on Wednesday, January 28th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the construction company to purchase up to 8.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th were issued a $1.97 dividend. This represents a $7.88 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, February 11th. This is a boost from United Rentals’s previous quarterly dividend of $1.79. United Rentals’s payout ratio is currently 20.37%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada reduced their target price on United Rentals from $1,123.00 to $1,041.00 and set an “outperform” rating on the stock in a report on Friday, January 30th. Wells Fargo & Company boosted their price target on United Rentals from $995.00 to $1,071.00 and gave the stock an “overweight” rating in a report on Friday, January 23rd. JPMorgan Chase & Co. dropped their price objective on United Rentals from $1,150.00 to $970.00 and set an “overweight” rating for the company in a research report on Friday, January 30th. Truist Financial set a $972.00 price objective on United Rentals in a research note on Friday, January 30th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of United Rentals in a research report on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $925.59.

United Rentals Company 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.