Danske Bank A S Purchases New Position in United Rentals, Inc. $URI

Danske Bank A S purchased a new stake in United Rentals, Inc. (NYSE:URI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 60,752 shares of the construction company’s stock, valued at approximately $68,825,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in URI. MidFirst Bank purchased a new stake in shares of United Rentals during the 2nd quarter worth approximately $31,000. Core Wealth Advisors LLC purchased a new position in shares of United Rentals in the 4th quarter valued at $28,000. MV Capital Management Inc. acquired a new stake in United Rentals during the 4th quarter worth $28,000. Bell Investment Advisors Inc acquired a new stake in United Rentals during the 2nd quarter worth $40,000. Finally, Laurel Wealth Advisors LLC acquired a new position in United Rentals in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. raised their price objective on United Rentals from $1,100.00 to $1,235.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. UBS Group increased their price target on shares of United Rentals from $1,300.00 to $1,350.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Wall Street Zen upgraded United Rentals from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Raymond James Financial reaffirmed an “outperform” rating and set a $1,275.00 price objective on shares of United Rentals in a report on Wednesday, June 10th. Finally, Zacks Research raised United Rentals from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, United Rentals currently has an average rating of “Moderate Buy” and an average target price of $1,246.19.

United Rentals Trading Down 4.1%

NYSE:URI opened at $1,117.24 on Wednesday. The company has a market capitalization of $69.54 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 1.49 and a beta of 1.80. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 1.38. United Rentals, Inc. has a 52-week low of $701.59 and a 52-week high of $1,179.18. The stock has a fifty day simple moving average of $1,097.10 and a 200-day simple moving average of $943.95.

United Rentals (NYSE:URI) last released its quarterly earnings data on Tuesday, July 21st. The construction company reported $12.76 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $4.22 billion. During the same period in the previous year, the firm earned $10.47 EPS. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, equities research analysts expect that United Rentals, Inc. will post 48.55 earnings per share for the current fiscal year.

United Rentals Announces Dividend

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

Insider Activity at United Rentals

In other news, EVP William E. Grace sold 1,500 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 6,062 shares of the company’s stock, valued at $6,869,155.30. This trade represents a 19.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.47% of the stock is owned by corporate 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.