Tredje AP fonden Has $57.26 Million Stock Position in United Rentals, Inc. $URI

Tredje AP fonden boosted its stake in United Rentals, Inc. (NYSE:URI) by 1,018.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,754 shares of the construction company’s stock after purchasing an additional 64,430 shares during the quarter. Tredje AP fonden’s holdings in United Rentals were worth $57,263,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TD Waterhouse Canada Inc. grew its position in United Rentals by 73.3% in the third quarter. TD Waterhouse Canada Inc. now owns 5,740 shares of the construction company’s stock valued at $5,533,000 after acquiring an additional 2,428 shares during the last quarter. National Pension Service grew its holdings in shares of United Rentals by 4.5% during the third quarter. National Pension Service now owns 103,146 shares of the construction company’s stock worth $98,469,000 after purchasing an additional 4,415 shares during the last quarter. Beacon Investment Advisory Services Inc. boosted its holdings in United Rentals by 1,358.7% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 8,227 shares of the construction company’s stock valued at $6,658,000 after acquiring an additional 7,663 shares during the last quarter. Independent Advisor Alliance boosted its holdings in United Rentals by 11.6% in the third quarter. Independent Advisor Alliance now owns 9,108 shares of the construction company’s stock valued at $8,695,000 after acquiring an additional 947 shares during the last quarter. Finally, Roman Butler Fullerton & Co. boosted its holdings in United Rentals by 70.7% in the third quarter. Roman Butler Fullerton & Co. now owns 1,707 shares of the construction company’s stock valued at $1,486,000 after acquiring an additional 707 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on URI. Evercore restated an “outperform” rating and set a $1,101.00 price target on shares of United Rentals in a report on Monday, May 11th. Sanford C. Bernstein set a $903.00 price objective on United Rentals and gave the company an “outperform” rating in a research note on Thursday, April 9th. KeyCorp raised their price objective on United Rentals from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. raised their target price on United Rentals from $850.00 to $1,050.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $1,030.00 target price on shares of United Rentals in a research report on Friday, April 24th. Thirteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $996.94.

Insider Buying and Selling

In other United Rentals news, EVP Craig Adam Pintoff sold 2,466 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $963.00, for a total value of $2,374,758.00. Following the completion of the sale, the executive vice president owned 14,774 shares in the company, valued at approximately $14,227,362. The trade was a 14.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Joli L. Gross sold 306 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $954.99, for a total value of $292,226.94. Following the transaction, the senior vice president owned 5,738 shares of the company’s stock, valued at approximately $5,479,732.62. This represents a 5.06% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 26,088 shares of company stock worth $25,628,877. Company insiders own 0.47% of the company’s stock.

United Rentals Stock Down 1.8%

Shares of NYSE URI opened at $944.22 on Tuesday. The business has a 50-day simple moving average of $820.05 and a two-hundred day simple moving average of $839.22. The company has a market cap of $59.16 billion, a P/E ratio of 24.09, a P/E/G ratio of 1.53 and a beta of 1.83. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.37. United Rentals, Inc. has a 52 week low of $681.98 and a 52 week high of $1,021.47.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). The company had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.20 billion. United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business earned $8.86 earnings per share. Research analysts anticipate that United Rentals, Inc. will post 47.07 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th will be given a $1.97 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $7.88 dividend on an annualized basis and a yield of 0.8%. United Rentals’s payout ratio is presently 20.10%.

United Rentals announced that its Board of Directors has authorized a stock buyback program on Wednesday, January 28th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the construction company to purchase up to 8.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

About United Rentals

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.