Livforsakringsbolaget Skandia Omsesidigt Takes $28.39 Million Position in United Rentals, Inc. $URI

Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of United Rentals, Inc. (NYSE:URI) in the second quarter, HoldingsChannel.com reports. The firm bought 25,067 shares of the construction company’s stock, valued at approximately $28,391,000. United Rentals makes up 0.9% of Livforsakringsbolaget Skandia Omsesidigt’s portfolio, making the stock its 23rd largest position.

A number of other institutional investors and hedge funds have also made changes to their positions in URI. SFE Investment Counsel acquired a new stake in shares of United Rentals in the second quarter valued at approximately $12,765,000. Eventide Asset Management LLC increased its holdings in shares of United Rentals by 19.6% during the 4th quarter. Eventide Asset Management LLC now owns 95,940 shares of the construction company’s stock worth $77,666,000 after acquiring an additional 15,696 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in United Rentals by 52.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 3,241 shares of the construction company’s stock valued at $2,623,000 after acquiring an additional 1,109 shares during the period. Bridges Investment Management Inc. raised its stake in United Rentals by 2.0% in the 4th quarter. Bridges Investment Management Inc. now owns 69,583 shares of the construction company’s stock valued at $56,315,000 after acquiring an additional 1,354 shares during the period. Finally, WINTON GROUP Ltd boosted its position in United Rentals by 995.1% during the fourth quarter. WINTON GROUP Ltd now owns 13,612 shares of the construction company’s stock worth $11,016,000 after purchasing an additional 12,369 shares during the period. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Morgan Stanley set a $1,335.00 price objective on shares of United Rentals and gave the company an “overweight” rating in a research report on Friday, July 24th. Barclays lifted their target price on shares of United Rentals from $715.00 to $950.00 and gave the stock an “underweight” rating in a report on Friday, July 24th. JPMorgan Chase & Co. upped their price target on shares of United Rentals from $1,100.00 to $1,235.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. Weiss Ratings raised shares of United Rentals from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 23rd. Finally, Robert W. Baird set a $1,300.00 price objective on shares of United Rentals in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, United Rentals presently has an average rating of “Moderate Buy” and an average price target of $1,246.19.

United Rentals Trading Down 0.7%

Shares of NYSE:URI opened at $1,030.64 on Friday. The business’s 50 day simple moving average is $1,097.31 and its 200 day simple moving average is $957.16. United Rentals, Inc. has a 1 year low of $701.59 and a 1 year high of $1,179.18. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.76 and a quick ratio of 0.70. The company has a market capitalization of $64.15 billion, a P/E ratio of 24.75, a P/E/G ratio of 1.34 and a beta of 1.80.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Tuesday, July 21st. The construction company reported $12.76 earnings per share for the quarter, beating the consensus estimate of $11.53 by $1.23. The firm had revenue of $4.41 billion during 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 company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $10.47 EPS. On average, research analysts anticipate that United Rentals, Inc. will post 48.55 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th were paid a $1.97 dividend. This represents a $7.88 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 12th. United Rentals’s payout ratio is 18.92%.

Insider Buying and Selling

In related news, EVP William E. Grace sold 1,500 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $1,133.15, for a total transaction of $1,699,725.00. Following the completion of the sale, the executive vice president owned 6,062 shares of the company’s stock, valued at $6,869,155.30. This represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.47% of the stock is currently owned by company insiders.

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.