Skandinaviska Enskilda Banken AB publ Buys 101 Shares of United Rentals, Inc. (NYSE:URI)

Skandinaviska Enskilda Banken AB publ boosted its stake in shares of United Rentals, Inc. (NYSE:URI) by 0.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,346 shares of the construction company’s stock after buying an additional 101 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in United Rentals were worth $9,278,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. First Financial Corp IN purchased a new position in United Rentals during the 1st quarter valued at about $25,000. Crewe Advisors LLC purchased a new position in shares of United Rentals in the 1st quarter worth approximately $27,000. RFP Financial Group LLC grew its position in shares of United Rentals by 115.8% in the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock worth $27,000 after buying an additional 22 shares during the last quarter. Rise Advisors LLC purchased a new position in shares of United Rentals in the 1st quarter worth approximately $28,000. Finally, Riverview Trust Co purchased a new position in shares of United Rentals in the 1st quarter worth approximately $31,000. Institutional investors own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

URI has been the subject of a number of recent analyst reports. The Goldman Sachs Group lifted their target price on shares of United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Raymond James started coverage on shares of United Rentals in a research note on Friday, June 28th. They set an “outperform” rating and a $750.00 price objective for the company. Evercore ISI lifted their price objective on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. JPMorgan Chase & Co. began coverage on shares of United Rentals in a research note on Friday, June 7th. They set an “overweight” rating and a $780.00 price objective for the company. Finally, Citigroup started coverage on shares of United Rentals in a research note on Wednesday, June 26th. They issued a “buy” rating and a $745.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $675.15.

United Rentals Trading Down 1.3 %

NYSE:URI opened at $783.60 on Friday. The company has a market capitalization of $52.18 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 1.72 and a beta of 1.68. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.39. United Rentals, Inc. has a 52-week low of $387.01 and a 52-week high of $801.39. The stock has a fifty day simple moving average of $722.27 and a 200-day simple moving average of $687.22.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, July 24th. The construction company reported $10.70 EPS for the quarter, topping analysts’ consensus estimates of $10.48 by $0.22. The firm had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.77 billion. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $9.88 EPS. On average, equities research analysts expect that United Rentals, Inc. will post 44.39 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.83%. The ex-dividend date was Wednesday, August 14th. United Rentals’s dividend payout ratio (DPR) is 17.66%.

Insider Buying and Selling at United Rentals

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

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.