Thrivent Financial for Lutherans lowered its holdings in shares of United Rentals, Inc. (NYSE:URI – Free Report) by 18.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 579,065 shares of the construction company’s stock after selling 128,270 shares during the period. United Rentals comprises about 0.6% of Thrivent Financial for Lutherans’ investment portfolio, making the stock its 18th biggest position. Thrivent Financial for Lutherans owned 0.84% of United Rentals worth $229,157,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in URI. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of United Rentals by 0.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,758 shares of the construction company’s stock valued at $4,653,000 after acquiring an additional 43 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of United Rentals by 97.4% during the fourth quarter. Schroder Investment Management Group now owns 93,571 shares of the construction company’s stock valued at $33,257,000 after purchasing an additional 46,160 shares during the period. LGT Group Foundation grew its holdings in shares of United Rentals by 12.3% in the first quarter. LGT Group Foundation now owns 6,226 shares of the construction company’s stock worth $2,464,000 after purchasing an additional 680 shares during the last quarter. AXS Investments LLC purchased a new position in shares of United Rentals in the fourth quarter worth $41,000. Finally, Brown Brothers Harriman & Co. raised its holdings in United Rentals by 138.2% during the 1st quarter. Brown Brothers Harriman & Co. now owns 81 shares of the construction company’s stock valued at $32,000 after buying an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 89.03% of the company’s stock.
Insider Activity
In related news, COO Dale A. Asplund sold 14,157 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $475.27, for a total value of $6,728,397.39. Following the transaction, the chief operating officer now owns 6,379 shares in the company, valued at approximately $3,031,747.33. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.53% of the company’s stock.
Analyst Ratings Changes
View Our Latest Stock Analysis on United Rentals
United Rentals Trading Down 0.3 %
NYSE:URI opened at $457.15 on Wednesday. The firm has a market capitalization of $31.22 billion, a P/E ratio of 13.91, a PEG ratio of 0.72 and a beta of 1.88. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.69. United Rentals, Inc. has a one year low of $256.23 and a one year high of $492.33. The company’s 50-day simple moving average is $461.70 and its 200 day simple moving average is $412.30.
United Rentals (NYSE:URI – Get Free Report) last released its earnings results on Wednesday, July 26th. The construction company reported $9.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.23 by $0.65. The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.45 billion. United Rentals had a net margin of 17.34% and a return on equity of 36.67%. The business’s revenue was up 28.3% on a year-over-year basis. During the same period last year, the business earned $7.86 earnings per share. As a group, analysts forecast that United Rentals, Inc. will post 40.6 EPS for the current fiscal year.
United Rentals Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th were paid a $1.48 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.29%. United Rentals’s dividend payout ratio is currently 18.02%.
United Rentals Company 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.
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