Raiffeisen Bank International AG Increases Stake in United Rentals, Inc. $URI

Raiffeisen Bank International AG increased its holdings in United Rentals, Inc. (NYSE:URI) by 7.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,832 shares of the construction company’s stock after purchasing an additional 860 shares during the period. Raiffeisen Bank International AG’s holdings in United Rentals were worth $10,487,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Marsico Capital Management LLC boosted its stake in shares of United Rentals by 44.4% in the 4th quarter. Marsico Capital Management LLC now owns 13,994 shares of the construction company’s stock valued at $11,326,000 after purchasing an additional 4,304 shares in the last quarter. Regents Gate Capital LLP boosted its stake in shares of United Rentals by 151.3% in the 4th quarter. Regents Gate Capital LLP now owns 15,602 shares of the construction company’s stock valued at $12,627,000 after purchasing an additional 9,393 shares in the last quarter. Andra AP fonden purchased a new stake in shares of United Rentals in the 4th quarter valued at $3,334,000. RKL Wealth Management LLC boosted its stake in shares of United Rentals by 1.0% in the 4th quarter. RKL Wealth Management LLC now owns 6,233 shares of the construction company’s stock valued at $5,044,000 after purchasing an additional 59 shares in the last quarter. Finally, Kovack Advisors Inc. raised its holdings in United Rentals by 14.2% during the 4th quarter. Kovack Advisors Inc. now owns 9,766 shares of the construction company’s stock valued at $7,904,000 after buying an additional 1,214 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Stock Up 1.0%

Shares of United Rentals stock opened at $1,067.20 on Friday. 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 company has a 50-day moving average of $913.55 and a 200 day moving average of $860.73. The firm has a market cap of $66.86 billion, a price-to-earnings ratio of 27.22, a PEG ratio of 1.67 and a beta of 1.81. United Rentals, Inc. has a 1 year low of $682.08 and a 1 year high of $1,106.88.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing the consensus estimate of $11.47 by ($1.76). United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The firm had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same period last year, the company posted $8.86 earnings per share. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that United Rentals, Inc. will post 47.14 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were given a dividend of $1.97 per share. This represents a $7.88 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 13th. United Rentals’s dividend payout ratio is 20.10%.

Analysts Set New Price Targets

A number of research firms recently commented on URI. JPMorgan Chase & Co. upped their price target on shares of United Rentals from $850.00 to $1,050.00 and gave the company an “overweight” rating in a report on Friday, April 24th. KeyCorp upped their price target on shares of United Rentals from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Robert W. Baird upped their price target on shares of United Rentals from $970.00 to $1,100.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Truist Financial set a $1,209.00 price target on shares of United Rentals in a report on Friday, April 24th. Finally, Morgan Stanley restated an “overweight” rating and issued a $1,030.00 price objective on shares of United Rentals in a report on Friday, April 24th. Thirteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,029.00.

Insider Activity

In related news, CEO Matthew John Flannery sold 22,768 shares of the stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $984.98, for a total transaction of $22,426,024.64. Following the sale, the chief executive officer directly owned 99,980 shares of the company’s stock, valued at approximately $98,478,300.40. This represents a 18.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Craig Adam Pintoff sold 2,466 shares of the 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 sale, the executive vice president directly owned 14,774 shares in the company, valued at $14,227,362. This trade represents a 14.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 26,088 shares of company stock valued at $25,628,877. Company insiders own 0.47% of the company’s stock.

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.