United Rentals, Inc. (NYSE:URI) Stock Position Increased by Czech National Bank

Czech National Bank lifted its position in United Rentals, Inc. (NYSE:URI) by 6.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,565 shares of the construction company’s stock after buying an additional 875 shares during the period. Czech National Bank’s holdings in United Rentals were worth $10,984,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of URI. Campbell & CO Investment Adviser LLC bought a new stake in shares of United Rentals in the 4th quarter worth $779,000. Rafferty Asset Management LLC raised its stake in shares of United Rentals by 3.8% in the 4th quarter. Rafferty Asset Management LLC now owns 6,542 shares of the construction company’s stock worth $3,751,000 after buying an additional 237 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of United Rentals by 123.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,199 shares of the construction company’s stock worth $5,275,000 after buying an additional 5,076 shares in the last quarter. Cetera Advisor Networks LLC raised its position in shares of United Rentals by 14.0% during the fourth quarter. Cetera Advisor Networks LLC now owns 11,114 shares of the construction company’s stock worth $6,373,000 after purchasing an additional 1,363 shares during the period. Finally, Public Employees Retirement Association of Colorado raised its position in shares of United Rentals by 34.6% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 7,952 shares of the construction company’s stock worth $4,560,000 after purchasing an additional 2,043 shares during the period. Institutional investors own 96.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on URI. Citigroup began coverage on United Rentals in a research report on Wednesday, June 26th. They set a “buy” rating and a $745.00 target price on the stock. Raymond James began coverage on United Rentals in a research report on Friday, June 28th. They set an “outperform” rating and a $750.00 target price on the stock. The Goldman Sachs Group boosted their target price on United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Evercore ISI boosted their target price on United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Finally, JPMorgan Chase & Co. boosted their target price on United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $694.46.

Insider Buying and Selling at United Rentals

In other United Rentals news, SVP Joli L. Gross sold 360 shares of United Rentals stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $690.00, for a total value of $248,400.00. Following the completion of the transaction, the senior vice president now owns 4,090 shares in the company, valued at approximately $2,822,100. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.53% of the company’s stock.

United Rentals Stock Performance

United Rentals stock traded up $0.43 during trading hours on Friday, hitting $789.60. The stock had a trading volume of 416,935 shares, compared to its average volume of 547,587. The company has a 50-day moving average of $735.25 and a two-hundred day moving average of $695.17. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.39. The company has a market cap of $52.22 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 1.84 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 $826.24.

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. The business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.77 billion. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. United Rentals’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the company earned $9.88 EPS. On average, equities research analysts anticipate that United Rentals, Inc. will post 44.39 EPS for the current fiscal year.

United Rentals Dividend Announcement

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

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.