United Rentals, Inc. (NYSE:URI) Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its stake in shares of United Rentals, Inc. (NYSE:URI) by 4.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 334,179 shares of the construction company’s stock after purchasing an additional 13,970 shares during the period. Thrivent Financial for Lutherans owned 0.50% of United Rentals worth $216,123,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Capital Research Global Investors increased its position in United Rentals by 39.1% during the fourth quarter. Capital Research Global Investors now owns 6,399,808 shares of the construction company’s stock worth $3,669,806,000 after purchasing an additional 1,799,997 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in United Rentals by 1.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 650,387 shares of the construction company’s stock worth $372,945,000 after purchasing an additional 11,429 shares during the last quarter. Capital International Investors acquired a new position in United Rentals during the first quarter worth approximately $332,349,000. AMF Tjanstepension AB grew its stake in United Rentals by 77.7% during the second quarter. AMF Tjanstepension AB now owns 457,056 shares of the construction company’s stock worth $295,626,000 after buying an additional 199,810 shares during the period. Finally, Hsbc Holdings PLC grew its stake in United Rentals by 5.7% during the second quarter. Hsbc Holdings PLC now owns 382,536 shares of the construction company’s stock worth $247,001,000 after buying an additional 20,481 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group boosted their price objective 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. Truist Financial boosted their price objective on shares of United Rentals from $785.00 to $873.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Evercore ISI boosted their price objective on shares of United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Raymond James assumed 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. Finally, Citigroup began coverage on shares of United Rentals in a research note on Wednesday, June 26th. They set a “buy” rating and a $745.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $675.15.

Insider Buying and Selling at United Rentals

In other United Rentals news, SVP Joli L. Gross sold 360 shares of the stock in a transaction on Friday, August 2nd. The shares were 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 of the company’s stock, valued at $2,822,100. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.53% of the stock is currently owned by insiders.

United Rentals Trading Down 1.3 %

NYSE URI opened at $783.60 on Friday. United Rentals, Inc. has a 12 month low of $387.01 and a 12 month high of $801.39. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.81 and a quick ratio of 0.76. The company has a market capitalization of $52.18 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 1.72 and a beta of 1.68. The company’s fifty day moving average price is $720.19 and its two-hundred day moving average price is $686.67.

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

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $6.52 dividend on an annualized basis and a yield of 0.83%. United Rentals’s dividend payout ratio (DPR) 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.