Sumitomo Mitsui Trust Group Inc. Has $164.52 Million Stock Holdings in United Rentals, Inc. $URI

Sumitomo Mitsui Trust Group Inc. trimmed its stake in shares of United Rentals, Inc. (NYSE:URI) by 0.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 172,333 shares of the construction company’s stock after selling 1,377 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.27% of United Rentals worth $164,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in URI. Vanguard Group Inc. increased its position in United Rentals by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 7,494,303 shares of the construction company’s stock valued at $5,646,208,000 after purchasing an additional 72,267 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of United Rentals by 71.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,874,127 shares of the construction company’s stock valued at $1,411,968,000 after purchasing an additional 780,322 shares during the last quarter. Franklin Resources Inc. increased its position in shares of United Rentals by 6.1% during the second quarter. Franklin Resources Inc. now owns 1,231,108 shares of the construction company’s stock worth $927,517,000 after buying an additional 70,870 shares during the period. Alliancebernstein L.P. raised its stake in United Rentals by 3.7% during the second quarter. Alliancebernstein L.P. now owns 1,030,232 shares of the construction company’s stock worth $776,177,000 after buying an additional 36,991 shares during the last quarter. Finally, Norges Bank bought a new position in United Rentals during the second quarter worth $776,102,000. 96.26% of the stock is currently owned by institutional investors.

United Rentals Trading Up 1.1%

Shares of United Rentals stock opened at $948.66 on Tuesday. The stock has a market capitalization of $60.36 billion, a PE ratio of 24.40, a price-to-earnings-growth ratio of 1.95 and a beta of 1.69. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $1,021.47. The stock has a 50 day moving average price of $828.95 and a two-hundred day moving average price of $877.45. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.84 and a current ratio of 0.90.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter in the prior year, the business earned $11.80 earnings per share. United Rentals’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, equities analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on URI shares. BNP Paribas Exane raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price target on the stock in a research report on Tuesday, September 16th. Wells Fargo & Company began coverage on United Rentals in a research report on Thursday, November 13th. They set an “overweight” rating and a $995.00 target price on the stock. BNP Paribas set a $900.00 target price on United Rentals and gave the stock a “neutral” rating in a research note on Tuesday, September 16th. Weiss Ratings reissued a “hold (c+)” rating on shares of United Rentals in a research note on Wednesday, October 8th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of United Rentals in a research report on Wednesday, December 3rd. Two 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. According to MarketBeat.com, United Rentals currently has an average rating of “Moderate Buy” and a consensus price target of $954.83.

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.