Mn Services Vermogensbeheer B.V. Sells 600 Shares of United Rentals, Inc. (NYSE:URI)

Mn Services Vermogensbeheer B.V. lowered its holdings in shares of United Rentals, Inc. (NYSE:URI) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,049 shares of the construction company’s stock after selling 600 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in United Rentals were worth $21,093,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. International Assets Investment Management LLC raised its position in United Rentals by 82,462.2% in the 3rd quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company’s stock valued at $1,300,962,000 after buying an additional 1,604,715 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of United Rentals by 4.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 637,188 shares of the construction company’s stock worth $412,089,000 after acquiring an additional 27,708 shares during the period. Capital International Investors bought a new stake in United Rentals in the 1st quarter valued at $332,349,000. AMF Tjanstepension AB boosted its stake in United Rentals by 77.7% in the 2nd quarter. AMF Tjanstepension AB now owns 457,056 shares of the construction company’s stock valued at $295,626,000 after purchasing an additional 199,810 shares during the period. Finally, Hsbc Holdings PLC boosted its stake in United Rentals by 5.7% in the 2nd quarter. Hsbc Holdings PLC now owns 382,536 shares of the construction company’s stock valued at $247,001,000 after purchasing an additional 20,481 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Stock Performance

URI opened at $785.99 on Tuesday. The firm has a market cap of $51.58 billion, a P/E ratio of 20.53, a PEG ratio of 1.85 and a beta of 1.68. United Rentals, Inc. has a 1-year low of $432.82 and a 1-year high of $861.74. The company has a 50 day simple moving average of $781.33 and a two-hundred day simple moving average of $713.61. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing the consensus estimate of $12.49 by ($0.69). United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter last year, the business earned $11.73 EPS. United Rentals’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities analysts forecast that United Rentals, Inc. will post 43.66 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 0.83%. The ex-dividend date is Wednesday, November 13th. United Rentals’s payout ratio is 17.03%.

Wall Street Analysts Forecast Growth

URI has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their target price on United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Barclays lifted their price objective on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Evercore ISI raised their target price on United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Bank of America lifted their price target on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Truist Financial lifted their target price on shares of United Rentals from $954.00 to $955.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, United Rentals presently has an average rating of “Hold” and a consensus price target of $742.50.

Insiders Place Their Bets

In related news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $823.24, for a total value of $740,916.00. Following the completion of the sale, the senior vice president now directly owns 2,044 shares in the company, valued at $1,682,702.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.49% of the stock is owned by company insiders.

United Rentals Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.