Varma Mutual Pension Insurance Co Has $9.90 Million Stake in United Rentals, Inc. $URI

Varma Mutual Pension Insurance Co decreased its holdings in United Rentals, Inc. (NYSE:URI) by 8.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,235 shares of the construction company’s stock after selling 1,070 shares during the period. Varma Mutual Pension Insurance Co’s holdings in United Rentals were worth $9,902,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Salomon & Ludwin LLC increased its holdings in United Rentals by 650.0% in the third quarter. Salomon & Ludwin LLC now owns 30 shares of the construction company’s stock worth $29,000 after buying an additional 26 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new position in United Rentals in the third quarter worth approximately $29,000. Aventura Private Wealth LLC acquired a new position in United Rentals in the fourth quarter worth approximately $27,000. Cedar Mountain Advisors LLC acquired a new position in United Rentals in the third quarter worth approximately $32,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in United Rentals in the third quarter worth approximately $35,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insider Buying and Selling

In other United Rentals news, CEO Matthew John Flannery sold 22,768 shares of the stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $984.98, for a total transaction of $22,426,024.64. Following the transaction, the chief executive officer owned 99,980 shares in the company, valued at $98,478,300.40. This trade represents a 18.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Craig Adam Pintoff sold 2,466 shares of the stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $963.00, for a total value of $2,374,758.00. Following the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 26,088 shares of company stock worth $25,628,877. 0.47% of the stock is currently owned by company insiders.

United Rentals Trading Up 0.9%

Shares of URI stock opened at $933.61 on Wednesday. United Rentals, Inc. has a 12 month low of $645.18 and a 12 month high of $1,021.47. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.37. The business’s 50 day moving average is $802.64 and its two-hundred day moving average is $839.47. The company has a market cap of $58.49 billion, a PE ratio of 23.82, a price-to-earnings-growth ratio of 1.47 and a beta of 1.83.

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 the consensus estimate of $11.47 by ($1.76). United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter last year, the business earned $8.86 EPS. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities analysts predict that United Rentals, Inc. will post 46.99 EPS for the current year.

United Rentals announced that its board has authorized a stock repurchase plan on Wednesday, January 28th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the construction company to repurchase up to 8.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th will be issued a dividend of $1.97 per share. This represents a $7.88 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, May 13th. United Rentals’s dividend payout ratio (DPR) is 20.10%.

Wall Street Analyst Weigh In

URI has been the topic of a number of research reports. Truist Financial set a $1,209.00 price objective on United Rentals in a report on Friday, April 24th. Wells Fargo & Company increased their price objective on United Rentals from $995.00 to $1,071.00 and gave the stock an “overweight” rating in a report on Friday, January 23rd. JPMorgan Chase & Co. increased their price objective on United Rentals from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Morgan Stanley restated an “overweight” rating and issued a $1,030.00 price objective on shares of United Rentals in a report on Friday, April 24th. Finally, Barclays increased their price objective on United Rentals from $600.00 to $715.00 and gave the stock an “underweight” rating in a report on Friday, April 24th. Thirteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $986.35.

United Rentals 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.