DekaBank Deutsche Girozentrale Sells 1,895 Shares of United Rentals, Inc. (NYSE:URI)

DekaBank Deutsche Girozentrale trimmed its position in United Rentals, Inc. (NYSE:URI) by 7.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,149 shares of the construction company’s stock after selling 1,895 shares during the period. DekaBank Deutsche Girozentrale’s holdings in United Rentals were worth $15,596,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Duncker Streett & Co. Inc. boosted its stake in United Rentals by 0.3% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 5,352 shares of the construction company’s stock valued at $3,461,000 after purchasing an additional 14 shares during the last quarter. Ameritas Advisory Services LLC lifted its stake in United Rentals by 3.8% in the second quarter. Ameritas Advisory Services LLC now owns 378 shares of the construction company’s stock valued at $244,000 after purchasing an additional 14 shares during the last quarter. Concurrent Investment Advisors LLC raised its holdings in United Rentals by 3.7% during the 1st quarter. Concurrent Investment Advisors LLC now owns 418 shares of the construction company’s stock valued at $301,000 after acquiring an additional 15 shares during the period. Hoylecohen LLC raised its holdings in United Rentals by 1.4% during the 4th quarter. Hoylecohen LLC now owns 1,163 shares of the construction company’s stock valued at $667,000 after acquiring an additional 16 shares during the period. Finally, Commerzbank Aktiengesellschaft FI raised its holdings in United Rentals by 4.7% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 357 shares of the construction company’s stock valued at $231,000 after acquiring an additional 16 shares during the period. 96.26% of the stock is owned by institutional investors.

United Rentals Price Performance

Shares of URI opened at $729.47 on Monday. The business’s 50-day moving average is $710.11 and its two-hundred day moving average is $684.47. The company has a market capitalization of $48.25 billion, a P/E ratio of 19.76, a P/E/G ratio of 1.65 and a beta of 1.68. United Rentals, Inc. has a fifty-two week low of $387.01 and a fifty-two week high of $789.80. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.76 and a current ratio of 0.81.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, July 24th. The construction company reported $10.70 EPS for the quarter, topping the consensus estimate of $10.48 by $0.22. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period last year, the company earned $9.88 earnings per share. United Rentals’s revenue for the quarter was up 6.2% compared to the same quarter last year. Research analysts predict that United Rentals, Inc. will post 44.39 earnings per share for the current year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were given a dividend of $1.63 per share. The ex-dividend date was Wednesday, August 14th. This represents a $6.52 annualized dividend and a yield of 0.89%. United Rentals’s dividend payout ratio is presently 17.66%.

Insider Buying and Selling at United Rentals

In other news, SVP Joli L. Gross sold 360 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $690.00, for a total transaction of $248,400.00. Following the sale, the senior vice president now directly owns 4,090 shares in the company, valued at approximately $2,822,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.53% of the stock is owned by corporate insiders.

Analyst Ratings Changes

URI has been the topic of several research analyst reports. The Goldman Sachs Group upped their price target on shares of United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Raymond James began coverage on shares of United Rentals in a research report on Friday, June 28th. They issued an “outperform” rating and a $750.00 target price for the company. Truist Financial upped their price target on shares of United Rentals from $785.00 to $873.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Citigroup assumed coverage on shares of United Rentals in a report on Wednesday, June 26th. They set a “buy” rating and a $745.00 target price for the company. Finally, JPMorgan Chase & Co. initiated coverage on shares of United Rentals in a research note on Friday, June 7th. They set an “overweight” rating and a $780.00 target price for the company. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $675.15.

About United Rentals

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.