Nykredit A S Acquires Shares of 21,137 United Rentals, Inc. $URI

Nykredit A S bought a new stake in shares of United Rentals, Inc. (NYSE:URI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 21,137 shares of the construction company’s stock, valued at approximately $23,946,000.

Several other institutional investors also recently modified their holdings of the business. PFG Investments LLC lifted its position in United Rentals by 0.9% during the 1st quarter. PFG Investments LLC now owns 1,172 shares of the construction company’s stock valued at $854,000 after acquiring an additional 11 shares during the period. CoreCap Advisors LLC increased its stake in shares of United Rentals by 16.9% during the second quarter. CoreCap Advisors LLC now owns 76 shares of the construction company’s stock valued at $86,000 after purchasing an additional 11 shares in the last quarter. Great Valley Advisor Group Inc. increased its stake in shares of United Rentals by 2.9% during the second quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company’s stock valued at $292,000 after purchasing an additional 11 shares in the last quarter. Legacy Financial Advisors Inc. lifted its holdings in shares of United Rentals by 3.9% during the fourth quarter. Legacy Financial Advisors Inc. now owns 322 shares of the construction company’s stock valued at $260,000 after purchasing an additional 12 shares during the last quarter. Finally, Moss Adams Wealth Advisors LLC boosted its position in shares of United Rentals by 2.0% in the 1st quarter. Moss Adams Wealth Advisors LLC now owns 605 shares of the construction company’s stock worth $441,000 after purchasing an additional 12 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other United Rentals news, EVP William Grace sold 1,500 shares of the business’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $1,133.15, for a total value of $1,699,725.00. Following the completion of the transaction, the executive vice president owned 6,062 shares of the company’s stock, valued at approximately $6,869,155.30. The trade was a 19.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.47% of the company’s stock.

United Rentals Price Performance

Shares of NYSE URI opened at $991.97 on Friday. United Rentals, Inc. has a twelve month low of $701.59 and a twelve month high of $1,179.18. The firm has a market cap of $61.74 billion, a P/E ratio of 23.82, a PEG ratio of 1.44 and a beta of 1.79. The company has a 50 day moving average of $1,089.69 and a 200 day moving average of $961.35. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 1.38.

United Rentals (NYSE:URI) last released its quarterly earnings data on Tuesday, July 21st. The construction company reported $12.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.53 by $1.23. The business had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.22 billion. United Rentals had a return on equity of 31.72% and a net margin of 15.67%.The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm posted $10.47 EPS. As a group, research analysts expect that United Rentals, Inc. will post 48.55 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th were given a dividend of $1.97 per share. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $7.88 annualized dividend and a dividend yield of 0.8%. United Rentals’s dividend payout ratio (DPR) is 18.92%.

Wall Street Analysts Forecast Growth

URI has been the topic of several recent research reports. Evercore restated an “outperform” rating and issued a $1,101.00 price target on shares of United Rentals in a research note on Monday, May 11th. Wall Street Zen raised United Rentals from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Barclays boosted their target price on United Rentals from $715.00 to $950.00 and gave the stock an “underweight” rating in a report on Friday, July 24th. Truist Financial raised their price target on United Rentals from $1,421.00 to $1,466.00 and gave the company a “buy” rating in a report on Friday, July 24th. Finally, Citigroup lifted their price target on United Rentals from $1,270.00 to $1,330.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, United Rentals currently has an average rating of “Moderate Buy” and an average target price of $1,246.19.

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.