United Rentals, Inc. $URI Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lowered its holdings in United Rentals, Inc. (NYSE:URI) by 8.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,559 shares of the construction company’s stock after selling 1,566 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in United Rentals were worth $16,763,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. TD Waterhouse Canada Inc. increased its position in shares of United Rentals by 73.3% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 5,740 shares of the construction company’s stock valued at $5,533,000 after purchasing an additional 2,428 shares during the last quarter. National Pension Service grew its stake in United Rentals by 4.5% during the 3rd quarter. National Pension Service now owns 103,146 shares of the construction company’s stock worth $98,469,000 after buying an additional 4,415 shares during the last quarter. North Growth Management Ltd. increased its holdings in shares of United Rentals by 22.2% in the 3rd quarter. North Growth Management Ltd. now owns 11,000 shares of the construction company’s stock valued at $10,189,000 after acquiring an additional 2,000 shares during the period. HB Wealth Management LLC increased its stake in United Rentals by 37.2% in the third quarter. HB Wealth Management LLC now owns 6,608 shares of the construction company’s stock valued at $6,308,000 after purchasing an additional 1,790 shares during the period. Finally, Vise Technologies Inc. purchased a new stake in United Rentals during the 2nd quarter valued at approximately $7,514,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on URI shares. Robert W. Baird set a $970.00 price objective on shares of United Rentals in a research report on Friday, January 30th. KeyCorp set a $950.00 price target on United Rentals in a research report on Friday, January 30th. Sanford C. Bernstein set a $965.00 target price on United Rentals in a research note on Friday, January 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of United Rentals in a report on Wednesday, January 21st. Finally, Wells Fargo & Company increased their target price on United Rentals from $995.00 to $1,071.00 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, United Rentals currently has an average rating of “Moderate Buy” and a consensus price target of $925.59.

Insider Buying and Selling at United Rentals

In other United Rentals news, EVP William E. Grace sold 1,498 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The stock was 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 approximately $5,434,996.08. This trade represents a 17.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Michael D. Durand sold 2,490 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $791.14, for a total transaction of $1,969,938.60. Following the transaction, the executive vice president directly owned 7,458 shares of the company’s stock, valued at $5,900,322.12. The trade was a 25.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.51% of the company’s stock.

United Rentals Trading Down 0.6%

NYSE URI opened at $864.09 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.88 and a debt-to-equity ratio of 1.41. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $1,021.47. The company’s fifty day simple moving average is $861.66 and its 200-day simple moving average is $889.22. The stock has a market cap of $54.44 billion, a P/E ratio of 22.34, a PEG ratio of 1.39 and a beta of 1.70.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, January 28th. The construction company reported $11.09 earnings per share for the quarter, missing analysts’ consensus estimates of $11.86 by ($0.77). The business had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.24 billion. United Rentals had a net margin of 15.49% and a return on equity of 30.35%. United Rentals’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the business earned $11.59 EPS. Equities research analysts predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th will be paid a dividend of $1.97 per share. The ex-dividend date is Wednesday, February 11th. This is an increase from United Rentals’s previous quarterly dividend of $1.79. This represents a $7.88 annualized dividend and a yield of 0.9%. United Rentals’s payout ratio is currently 20.37%.

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

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.