United Rentals, Inc. $URI Shares Bought by Swiss National Bank

Swiss National Bank boosted its position in shares of United Rentals, Inc. (NYSE:URI) by 5.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 186,720 shares of the construction company’s stock after acquiring an additional 10,360 shares during the quarter. Swiss National Bank’s holdings in United Rentals were worth $136,037,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Gleason Group Inc. boosted its stake in shares of United Rentals by 4.3% in the fourth quarter. Gleason Group Inc. now owns 269 shares of the construction company’s stock valued at $218,000 after purchasing an additional 11 shares during the period. Bridgewater Advisors Inc. increased its stake in United Rentals by 1.2% during the 4th quarter. Bridgewater Advisors Inc. now owns 967 shares of the construction company’s stock worth $783,000 after buying an additional 11 shares during the period. PFG Investments LLC increased its stake in United Rentals by 0.9% during the 1st quarter. PFG Investments LLC now owns 1,172 shares of the construction company’s stock worth $854,000 after buying an additional 11 shares during the period. Great Valley Advisor Group Inc. lifted its holdings in United Rentals by 2.9% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company’s stock worth $292,000 after buying an additional 11 shares in the last quarter. Finally, Fearless Solutions LLC dba Best Invest lifted its holdings in United Rentals by 2.2% during the 4th quarter. Fearless Solutions LLC dba Best Invest now owns 554 shares of the construction company’s stock worth $448,000 after buying an additional 12 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on URI. Evercore reiterated an “outperform” rating and issued a $1,101.00 target price on shares of United Rentals in a report on Monday, May 11th. Raymond James Financial restated an “outperform” rating and set a $1,275.00 price target on shares of United Rentals in a report on Wednesday, June 10th. JPMorgan Chase & Co. increased their price target on United Rentals from $1,050.00 to $1,100.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Royal Bank Of Canada lifted their price objective on United Rentals from $1,041.00 to $1,119.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Finally, UBS Group boosted their price objective on United Rentals from $1,145.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Fourteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,140.00.

Insider Transactions at United Rentals

In other United Rentals news, EVP Craig Adam Pintoff sold 2,466 shares of the firm’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $963.00, for a total transaction of $2,374,758.00. Following the completion of the transaction, the executive vice president directly owned 14,774 shares in the company, valued at approximately $14,227,362. This trade represents a 14.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Joli L. Gross sold 306 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $954.99, for a total transaction of $292,226.94. Following the transaction, the senior vice president directly owned 5,738 shares of the company’s stock, valued at approximately $5,479,732.62. This trade represents a 5.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 26,088 shares of company stock worth $25,628,877. Corporate insiders own 0.47% of the company’s stock.

United Rentals Stock Performance

NYSE:URI opened at $1,012.39 on Tuesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.74. The firm has a market cap of $63.43 billion, a price-to-earnings ratio of 25.83, a price-to-earnings-growth ratio of 1.67 and a beta of 1.79. The firm’s fifty day moving average price is $1,042.78 and its 200 day moving average price is $912.44. United Rentals, Inc. has a 1-year low of $701.59 and a 1-year high of $1,143.69.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.47 by ($1.76). United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The business had revenue of $3.98 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the previous year, the firm posted $8.86 EPS. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, sell-side analysts expect that United Rentals, Inc. will post 46.85 EPS for the current year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were given a $1.97 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.8%. United Rentals’s dividend payout ratio (DPR) is currently 20.10%.

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.