United Rentals, Inc. $URI Shares Purchased by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of United Rentals, Inc. (NYSE:URI) by 54.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,006 shares of the construction company’s stock after acquiring an additional 5,300 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in United Rentals were worth $10,933,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of URI. Beacon Investment Advisory Services Inc. boosted its position in United Rentals by 1,358.7% in the 4th quarter. Beacon Investment Advisory Services Inc. now owns 8,227 shares of the construction company’s stock worth $6,658,000 after purchasing an additional 7,663 shares in the last quarter. Nordea Investment Management AB grew its position in shares of United Rentals by 22.7% during the 4th quarter. Nordea Investment Management AB now owns 154,688 shares of the construction company’s stock valued at $126,362,000 after acquiring an additional 28,604 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of United Rentals by 18.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,756 shares of the construction company’s stock valued at $9,514,000 after purchasing an additional 1,846 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in United Rentals by 1.4% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 367,814 shares of the construction company’s stock worth $351,128,000 after purchasing an additional 5,115 shares during the period. Finally, Addenda Capital Inc. raised its holdings in United Rentals by 21.3% in the 4th quarter. Addenda Capital Inc. now owns 16,739 shares of the construction company’s stock worth $13,547,000 after purchasing an additional 2,939 shares during the period. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on URI shares. JPMorgan Chase & Co. increased their price objective on shares of United Rentals from $850.00 to $1,050.00 and gave the company an “overweight” rating in a report on Friday, April 24th. UBS Group boosted their price objective on United Rentals from $1,145.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Wednesday. Raymond James Financial reissued an “outperform” rating and issued a $1,275.00 price target on shares of United Rentals in a research note on Wednesday, June 10th. BNP Paribas Exane upgraded United Rentals from a “neutral” rating to an “outperform” rating and set a $1,320.00 price target for the company in a report on Monday, June 29th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $1,030.00 target price on shares of United Rentals in a report on Friday, April 24th. Fifteen investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,119.69.

United Rentals Trading Up 0.2%

Shares of NYSE:URI opened at $1,100.43 on Friday. United Rentals, Inc. has a 52 week low of $701.59 and a 52 week high of $1,143.69. 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 company has a market cap of $68.94 billion, a PE ratio of 28.07, a P/E/G ratio of 1.76 and a beta of 1.79. The company’s 50 day moving average is $1,018.24 and its two-hundred day moving average is $892.34.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The business had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same period last year, the firm earned $8.86 earnings per share. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. Equities analysts predict that United Rentals, Inc. will post 46.76 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

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

Insider Transactions at United Rentals

In other news, VP Andrew B. Limoges sold 548 shares of the business’s stock in a transaction dated Friday, April 24th. The stock was 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 directly owned 1,865 shares of the company’s stock, valued at approximately $1,823,708.90. The trade was a 22.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Matthew John Flannery sold 22,768 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $984.98, for a total value of $22,426,024.64. Following the completion of the sale, the chief executive officer owned 99,980 shares of the company’s stock, valued at approximately $98,478,300.40. This represents a 18.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 26,088 shares of company stock worth $25,628,877 over the last three months. 0.47% of the stock is currently owned by company 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.