Siemens Fonds Invest GmbH lessened its stake in United Rentals, Inc. (NYSE:URI – Get Rating) by 19.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 606 shares of the construction company’s stock after selling 149 shares during the period. Siemens Fonds Invest GmbH’s holdings in United Rentals were worth $215,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of URI. EverSource Wealth Advisors LLC lifted its stake in shares of United Rentals by 44.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 84 shares of the construction company’s stock worth $30,000 after acquiring an additional 26 shares during the period. Benjamin F. Edwards & Company Inc. lifted its position in United Rentals by 62.3% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 86 shares of the construction company’s stock worth $31,000 after purchasing an additional 33 shares during the period. AdvisorNet Financial Inc boosted its stake in United Rentals by 86.3% during the 4th quarter. AdvisorNet Financial Inc now owns 95 shares of the construction company’s stock valued at $34,000 after purchasing an additional 44 shares in the last quarter. Godsey & Gibb Inc. bought a new position in United Rentals during the 4th quarter valued at $36,000. Finally, Delta Asset Management LLC TN bought a new position in United Rentals during the 4th quarter valued at $36,000. Institutional investors and hedge funds own 89.65% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have issued reports on URI shares. Credit Suisse Group decreased their price target on United Rentals from $544.00 to $482.00 in a research note on Friday, April 28th. Deutsche Bank Aktiengesellschaft upped their price target on shares of United Rentals from $399.00 to $406.00 and gave the company a “hold” rating in a report on Wednesday, April 12th. KeyCorp cut their price target on shares of United Rentals from $515.00 to $475.00 in a report on Friday, April 28th. Morgan Stanley cut their price target on shares of United Rentals from $441.00 to $435.00 and set an “equal weight” rating for the company in a report on Thursday, April 20th. Finally, StockNews.com began coverage on United Rentals in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, United Rentals has a consensus rating of “Hold” and a consensus price target of $421.08.
United Rentals Trading Up 0.4 %
United Rentals (NYSE:URI – Get Rating) last announced its quarterly earnings data on Wednesday, April 26th. The construction company reported $7.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.12 by ($0.17). The business had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.17 billion. United Rentals had a return on equity of 36.77% and a net margin of 17.65%. The firm’s revenue was up 30.2% on a year-over-year basis. During the same period in the prior year, the company posted $5.73 earnings per share. Research analysts forecast that United Rentals, Inc. will post 39.7 EPS for the current year.
United Rentals Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 24th. Investors of record on Wednesday, May 10th were paid a $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Tuesday, May 9th. United Rentals’s dividend payout ratio is currently 18.99%.
Insider Buying and Selling
In other United Rentals news, CFO William E. Grace sold 725 shares of the company’s stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $359.63, for a total value of $260,731.75. Following the transaction, the chief financial officer now owns 6,520 shares in the company, valued at approximately $2,344,787.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.46% of the company’s stock.
United Rentals Profile
United Rentals, Inc engages in the equipment rental business. It operates through the General Rentals and Specialty segments. The General Rentals segment includes the rental of construction, aerial and industrial equipment, general tools and light equipment, and related services and activities. The Specialty segment focuses on the rental of specialty construction products such as trench safety equipment, power and HVAC equipment, fluid solutions equipment, mobile storage equipment and modular office space.
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