Erste Asset Management GmbH Buys 1,858 Shares of United Rentals, Inc. $URI

Erste Asset Management GmbH boosted its stake in United Rentals, Inc. (NYSE:URI) by 51.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,442 shares of the construction company’s stock after acquiring an additional 1,858 shares during the period. Erste Asset Management GmbH’s holdings in United Rentals were worth $4,460,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Abich Financial Wealth Management LLC bought a new stake in shares of United Rentals in the third quarter valued at approximately $29,000. Aventura Private Wealth LLC bought a new stake in shares of United Rentals in the fourth quarter valued at approximately $27,000. Core Wealth Advisors LLC bought a new stake in shares of United Rentals in the fourth quarter valued at approximately $28,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of United Rentals in the third quarter valued at approximately $35,000. Finally, Board of the Pension Protection Fund bought a new stake in shares of United Rentals in the fourth quarter valued at approximately $32,000. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Performance

NYSE URI opened at $1,093.93 on Wednesday. United Rentals, Inc. has a 1 year low of $682.08 and a 1 year high of $1,106.88. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.74. The stock has a market capitalization of $68.53 billion, a PE ratio of 27.91, a P/E/G ratio of 1.72 and a beta of 1.81. The company’s 50 day simple moving average is $899.90 and its two-hundred day simple moving average is $856.84.

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

United Rentals Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 0.7%. United Rentals’s dividend payout ratio is currently 20.10%.

Analysts Set New Price Targets

Several analysts have recently issued reports on URI shares. KeyCorp boosted their price target on shares of United Rentals from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. boosted their price target on shares of United Rentals from $850.00 to $1,050.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Barclays boosted their price target on shares of United Rentals from $600.00 to $715.00 and gave the company an “underweight” rating in a research report on Friday, April 24th. Weiss Ratings raised shares of United Rentals from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Finally, Robert W. Baird boosted their price target on shares of United Rentals from $970.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Twelve equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,013.63.

Insider Activity

In other United Rentals news, VP Andrew B. Limoges sold 548 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president owned 1,865 shares of the company’s stock, valued at $1,823,708.90. The trade was a 22.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Craig Adam Pintoff sold 2,466 shares of the firm’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $963.00, for a total transaction of $2,374,758.00. Following the sale, the executive vice president owned 14,774 shares in the company, valued at approximately $14,227,362. This trade represents a 14.30% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 26,088 shares of company stock valued at $25,628,877. 0.47% of the stock is owned by company insiders.

About United Rentals

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.