Eurizon Capital SGR S.p.A. Purchases New Position in United Rentals, Inc. $URI

Eurizon Capital SGR S.p.A. purchased a new stake in shares of United Rentals, Inc. (NYSE:URI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 47,342 shares of the construction company’s stock, valued at approximately $38,323,000.

A number of other hedge funds also recently bought and sold shares of the business. Triglav Investments D.O.O. purchased a new position in United Rentals during the 4th quarter valued at about $665,000. Fideuram Asset Management Ireland dac bought a new stake in United Rentals during the 4th quarter valued at approximately $2,629,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new stake in United Rentals during the 4th quarter valued at approximately $315,000. Northwestern Mutual Wealth Management Co. boosted its position in United Rentals by 4.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,086 shares of the construction company’s stock valued at $4,925,000 after acquiring an additional 261 shares in the last quarter. Finally, Intech Investment Management LLC boosted its position in United Rentals by 285.3% during the 4th quarter. Intech Investment Management LLC now owns 8,739 shares of the construction company’s stock valued at $7,073,000 after acquiring an additional 6,471 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Insider Buying and Selling

In other news, CEO Matthew John Flannery sold 22,768 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $984.98, for a total value of $22,426,024.64. Following the sale, the chief executive officer directly owned 99,980 shares of the company’s stock, valued at $98,478,300.40. The trade was a 18.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Joli L. Gross sold 306 shares of the business’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 completion of the transaction, the senior vice president owned 5,738 shares of the company’s stock, valued at approximately $5,479,732.62. The trade was a 5.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 26,088 shares of company stock valued at $25,628,877. 0.47% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Weiss Ratings raised United Rentals from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Evercore reaffirmed an “outperform” rating and set a $1,101.00 price objective on shares of United Rentals in a research report on Monday, May 11th. Robert W. Baird lifted their price objective on United Rentals from $970.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Morgan Stanley reaffirmed an “overweight” rating and set a $1,030.00 price objective on shares of United Rentals in a research report on Friday, April 24th. Finally, Sanford C. Bernstein set a $903.00 price objective on United Rentals and gave the company an “outperform” rating in a research report on Thursday, April 9th. Twelve analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,006.13.

United Rentals Stock Performance

Shares of URI opened at $996.99 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.37. The business’s 50 day moving average price is $854.91 and its 200-day moving average price is $845.69. United Rentals, Inc. has a 52 week low of $681.98 and a 52 week high of $1,021.47. The stock has a market cap of $62.46 billion, a P/E ratio of 25.43, a P/E/G ratio of 1.58 and a beta of 1.83.

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

United Rentals Announces Dividend

The business 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. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, May 13th. United Rentals’s payout ratio is currently 20.10%.

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.