United Rentals, Inc. $URI Shares Acquired by Czech National Bank

Czech National Bank grew its stake in United Rentals, Inc. (NYSE:URI) by 3.9% during the second quarter, Holdings Channel.com reports. The fund owned 17,832 shares of the construction company’s stock after acquiring an additional 675 shares during the period. Czech National Bank’s holdings in United Rentals were worth $20,202,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Norges Bank acquired a new stake in United Rentals in the 4th quarter valued at approximately $978,017,000. Corient Private Wealth LLC lifted its stake in United Rentals by 1,667.4% during the fourth quarter. Corient Private Wealth LLC now owns 343,965 shares of the construction company’s stock worth $278,378,000 after purchasing an additional 324,503 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in United Rentals by 3,459.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 196,688 shares of the construction company’s stock worth $159,184,000 after purchasing an additional 191,162 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of United Rentals during the fourth quarter worth $102,945,000. Finally, Victory Capital Management Inc. boosted its stake in shares of United Rentals by 103.7% in the fourth quarter. Victory Capital Management Inc. now owns 231,018 shares of the construction company’s stock valued at $186,967,000 after purchasing an additional 117,584 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

URI has been the subject of a number of research reports. KeyCorp restated an “overweight” rating and issued a $1,350.00 price objective on shares of United Rentals in a report on Friday, July 24th. Morgan Stanley set a $1,335.00 target price on shares of United Rentals and gave the stock an “overweight” rating in a report on Friday, July 24th. Wall Street Zen raised shares of United Rentals from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Citigroup boosted their price target on shares of United Rentals from $1,270.00 to $1,330.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Finally, Bank of America increased their price objective on United Rentals from $1,195.00 to $1,300.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,246.19.

Insider Transactions at United Rentals

In other news, EVP William E. Grace sold 1,500 shares of the company’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $1,133.15, for a total transaction of $1,699,725.00. Following the completion of the transaction, the executive vice president directly owned 6,062 shares of the company’s stock, valued at approximately $6,869,155.30. This represents a 19.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.47% of the stock is owned by company insiders.

United Rentals Trading Down 0.0%

NYSE URI opened at $1,162.37 on Friday. United Rentals, Inc. has a 52 week low of $701.59 and a 52 week high of $1,179.18. The firm has a 50 day moving average of $1,085.32 and a two-hundred day moving average of $933.12. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $72.35 billion, a PE ratio of 27.91, a price-to-earnings-growth ratio of 1.50 and a beta of 1.80.

United Rentals (NYSE:URI) last released its quarterly earnings data on Tuesday, July 21st. The construction company reported $12.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.53 by $1.23. The business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.22 billion. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the company earned $10.47 EPS. As a group, research analysts expect that United Rentals, Inc. will post 48.55 EPS for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th will be paid a $1.97 dividend. The ex-dividend date is Wednesday, August 12th. 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 18.92%.

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.