ING Groep NV Purchases 17,905 Shares of United Rentals, Inc. $URI

ING Groep NV grew its stake in United Rentals, Inc. (NYSE:URI) by 5,630.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 18,223 shares of the construction company’s stock after buying an additional 17,905 shares during the quarter. ING Groep NV’s holdings in United Rentals were worth $14,748,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Capital International Investors boosted its holdings in shares of United Rentals by 22.8% in the third quarter. Capital International Investors now owns 3,402,524 shares of the construction company’s stock valued at $3,247,762,000 after buying an additional 631,484 shares during the period. Capital World Investors boosted its holdings in shares of United Rentals by 1.1% in the fourth quarter. Capital World Investors now owns 2,708,877 shares of the construction company’s stock valued at $2,192,357,000 after buying an additional 30,263 shares during the period. Franklin Resources Inc. boosted its holdings in shares of United Rentals by 6.8% in the third quarter. Franklin Resources Inc. now owns 1,315,086 shares of the construction company’s stock valued at $1,255,460,000 after buying an additional 83,978 shares during the period. Norges Bank acquired a new position in shares of United Rentals in the fourth quarter valued at approximately $978,017,000. Finally, Alliancebernstein L.P. boosted its holdings in shares of United Rentals by 5.6% in the third quarter. Alliancebernstein L.P. now owns 1,088,209 shares of the construction company’s stock valued at $1,038,870,000 after buying an additional 57,977 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Barclays upped their price target on shares of United Rentals from $600.00 to $715.00 and gave the company an “underweight” rating in a report on Friday, April 24th. Truist Financial set a $1,209.00 price target on shares of United Rentals in a report on Friday, April 24th. Morgan Stanley reiterated an “overweight” rating and issued a $1,030.00 price target on shares of United Rentals in a report on Friday, April 24th. Royal Bank Of Canada upped their price target on shares of United Rentals from $1,041.00 to $1,119.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Finally, KeyCorp upped their price target on shares of United Rentals from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Twelve analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.63.

United Rentals Stock Performance

Shares of URI opened at $1,067.62 on Monday. The stock has a market capitalization of $66.89 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 1.70 and a beta of 1.81. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37. The firm has a fifty day simple moving average of $885.82 and a 200 day simple moving average of $852.71. United Rentals, Inc. has a 12 month low of $682.08 and a 12 month high of $1,091.23.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.20 billion. United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $8.86 EPS. Research analysts forecast that United Rentals, Inc. will post 47.07 EPS for the current fiscal year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were paid a $1.97 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $7.88 dividend on an annualized basis and a yield of 0.7%. United Rentals’s dividend payout ratio (DPR) is currently 20.10%.

Insider Activity

In other United Rentals news, VP Andrew B. Limoges sold 548 shares of the stock in a transaction on Friday, April 24th. The shares were sold at an average price of $977.86, for a total value of $535,867.28. Following the completion of the sale, the vice president owned 1,865 shares in the company, valued at $1,823,708.90. This trade represents a 22.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Joli L. Gross sold 306 shares of the stock in a transaction on Monday, April 27th. The shares were sold at an average price of $954.99, for a total transaction of $292,226.94. Following the completion of the sale, the senior vice president owned 5,738 shares of the company’s stock, valued at approximately $5,479,732.62. This represents a 5.06% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 26,088 shares of company stock worth $25,628,877. 0.47% of the stock is owned by insiders.

United Rentals Company Profile

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.