United Rentals, Inc. (NYSE:URI) Shares Sold by Swedbank AB

Swedbank AB lowered its position in United Rentals, Inc. (NYSE:URI) by 5.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,229 shares of the construction company’s stock after selling 2,993 shares during the period. Swedbank AB owned approximately 0.08% of United Rentals worth $36,088,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Sei Investments Co. increased its position in shares of United Rentals by 13.7% in the second quarter. Sei Investments Co. now owns 4,981 shares of the construction company’s stock valued at $3,221,000 after buying an additional 599 shares in the last quarter. Creative Planning grew its stake in United Rentals by 0.8% in the 2nd quarter. Creative Planning now owns 12,087 shares of the construction company’s stock valued at $7,817,000 after acquiring an additional 94 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in United Rentals by 5.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 11,114 shares of the construction company’s stock valued at $7,189,000 after acquiring an additional 541 shares in the last quarter. Cetera Investment Advisers raised its position in United Rentals by 2.8% during the second quarter. Cetera Investment Advisers now owns 26,901 shares of the construction company’s stock worth $17,397,000 after acquiring an additional 723 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in shares of United Rentals by 11.8% in the second quarter. Clearbridge Investments LLC now owns 9,217 shares of the construction company’s stock valued at $5,961,000 after purchasing an additional 976 shares in the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Truist Financial dropped their price objective on shares of United Rentals from $965.00 to $963.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Barclays raised their price target on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Bank of America lifted their price objective on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Argus upped their target price on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $813.73.

United Rentals Trading Up 2.1 %

Shares of URI stock opened at $774.50 on Friday. The firm’s 50-day simple moving average is $766.58 and its 200-day simple moving average is $768.75. 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, Inc. has a 1-year low of $596.48 and a 1-year high of $896.98. The firm has a market cap of $50.82 billion, a P/E ratio of 20.23, a PEG ratio of 1.73 and a beta of 1.69.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing analysts’ consensus estimates of $11.65 by ($0.06). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. As a group, equities analysts forecast that United Rentals, Inc. will post 43.43 EPS for the current year.

United Rentals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Wednesday, February 12th. This is an increase from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s payout ratio is 16.83%.

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.