United Rentals, Inc. (NYSE:URI) Shares Sold by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. cut its position in shares of United Rentals, Inc. (NYSE:URI) by 43.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,304 shares of the construction company’s stock after selling 35,235 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.07% of United Rentals worth $36,684,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in URI. Moors & Cabot Inc. boosted its stake in United Rentals by 1.8% in the third quarter. Moors & Cabot Inc. now owns 17,580 shares of the construction company’s stock valued at $14,235,000 after acquiring an additional 309 shares during the period. Retireful LLC acquired a new position in United Rentals during the 3rd quarter valued at approximately $697,000. First Horizon Advisors Inc. grew its stake in United Rentals by 3.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 565 shares of the construction company’s stock worth $458,000 after buying an additional 19 shares during the last quarter. Advisors Asset Management Inc. increased its position in United Rentals by 2.6% in the third quarter. Advisors Asset Management Inc. now owns 14,630 shares of the construction company’s stock worth $11,846,000 after buying an additional 365 shares during the period. Finally, PCJ Investment Counsel Ltd. lifted its stake in United Rentals by 9.8% in the third quarter. PCJ Investment Counsel Ltd. now owns 8,970 shares of the construction company’s stock valued at $7,263,000 after buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

URI has been the subject of several recent research reports. Argus upped their price target on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research report on Wednesday. Robert W. Baird raised their price target on shares of United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group lifted their price target on United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a report on Friday, July 26th. Barclays increased their price objective on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. Finally, Bank of America lifted their target price on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $751.67.

Insider Buying and Selling at United Rentals

In related news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction on Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the transaction, the senior vice president now directly owns 2,044 shares in the company, valued at $1,682,702.56. The trade was a 30.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.53% of the stock is owned by corporate insiders.

United Rentals Trading Up 1.0 %

Shares of URI stock opened at $849.03 on Friday. The stock has a 50-day simple moving average of $819.40 and a 200 day simple moving average of $731.57. The stock has a market capitalization of $55.71 billion, a P/E ratio of 22.17, a P/E/G ratio of 1.93 and a beta of 1.68. United Rentals, Inc. has a fifty-two week low of $454.71 and a fifty-two week high of $896.98. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. United Rentals’s revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $11.73 earnings per share. On average, sell-side analysts expect that United Rentals, Inc. will post 43.46 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a $1.63 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $6.52 annualized dividend and a yield of 0.77%. United Rentals’s dividend payout ratio (DPR) is 17.03%.

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.