Danica Pension Livsforsikringsaktieselskab Takes $736,000 Position in United Rentals, Inc. $URI

Danica Pension Livsforsikringsaktieselskab bought a new position in shares of United Rentals, Inc. (NYSE:URI) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 650 shares of the construction company’s stock, valued at approximately $736,000.

A number of other hedge funds also recently modified their holdings of the stock. SFE Investment Counsel bought a new position in United Rentals in the second quarter valued at about $12,765,000. Eventide Asset Management LLC lifted its holdings in shares of United Rentals by 19.6% in the fourth 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 lifted its holdings in shares of United Rentals by 52.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 3,241 shares of the construction company’s stock worth $2,623,000 after acquiring an additional 1,109 shares during the last quarter. Bridges Investment Management Inc. boosted its stake in shares of 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 purchasing an additional 1,354 shares in the last quarter. Finally, WINTON GROUP Ltd boosted its stake in shares of United Rentals by 995.1% in the 4th quarter. WINTON GROUP Ltd now owns 13,612 shares of the construction company’s stock valued at $11,016,000 after purchasing an additional 12,369 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

Analyst Upgrades and Downgrades

URI has been the subject of a number of research analyst reports. Raymond James Financial reiterated an “outperform” rating and set a $1,275.00 price objective on shares of United Rentals in a research report on Wednesday, June 10th. Robert W. Baird set a $1,300.00 target price on shares of United Rentals in a research report on Friday, July 24th. UBS Group boosted their target price on shares of United Rentals from $1,300.00 to $1,350.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Royal Bank Of Canada upped their price target on shares of United Rentals from $1,041.00 to $1,119.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, Morgan Stanley set a $1,335.00 price target on United Rentals and gave the company an “overweight” rating in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,246.19.

United Rentals Stock Performance

NYSE:URI opened at $1,116.17 on Thursday. The stock’s 50-day moving average is $1,098.29 and its 200-day moving average is $946.28. United Rentals, Inc. has a 1-year low of $701.59 and a 1-year high of $1,179.18. The company has a current ratio of 0.76, a quick ratio of 0.70 and a debt-to-equity ratio of 1.38. The stock has a market cap of $69.47 billion, a P/E ratio of 26.81, a price-to-earnings-growth ratio of 1.44 and a beta of 1.80.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Tuesday, July 21st. The construction company reported $12.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.53 by $1.23. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same quarter last year, the business earned $10.47 EPS. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. Equities research analysts anticipate that United Rentals, Inc. will post 48.55 earnings per share for the current year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th will be given a $1.97 dividend. This represents a $7.88 annualized dividend and a yield of 0.7%. The ex-dividend date is Wednesday, August 12th. United Rentals’s dividend payout ratio is 18.92%.

Insider Activity

In other news, EVP William E. Grace sold 1,500 shares of United Rentals stock in a transaction on 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 transaction, the executive vice president owned 6,062 shares in the company, valued at approximately $6,869,155.30. The trade was a 19.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.47% of the company’s stock.

United Rentals 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.