Achmea Investment Management B.V. Decreases Holdings in United Rentals, Inc. (NYSE:URI)

Achmea Investment Management B.V. trimmed its holdings in shares of United Rentals, Inc. (NYSE:URI) by 33.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,647 shares of the construction company’s stock after selling 812 shares during the period. Achmea Investment Management B.V.’s holdings in United Rentals were worth $1,160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Great Lakes Advisors LLC lifted its holdings in United Rentals by 10.2% during the 4th quarter. Great Lakes Advisors LLC now owns 312 shares of the construction company’s stock worth $220,000 after buying an additional 29 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in United Rentals by 15.8% during the 4th quarter. Sequoia Financial Advisors LLC now owns 1,559 shares of the construction company’s stock worth $1,098,000 after buying an additional 213 shares during the last quarter. Summit X LLC lifted its holdings in United Rentals by 19.0% during the 4th quarter. Summit X LLC now owns 414 shares of the construction company’s stock worth $292,000 after buying an additional 66 shares during the last quarter. Moors & Cabot Inc. lifted its holdings in shares of United Rentals by 2.1% in the 4th quarter. Moors & Cabot Inc. now owns 17,944 shares of the construction company’s stock valued at $12,641,000 after purchasing an additional 364 shares during the last quarter. Finally, Inspire Advisors LLC lifted its holdings in shares of United Rentals by 25.4% in the 4th quarter. Inspire Advisors LLC now owns 1,211 shares of the construction company’s stock valued at $853,000 after purchasing an additional 245 shares during the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

URI has been the subject of several research reports. Robert W. Baird raised United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price for the company in a report on Tuesday, January 14th. Evercore ISI reduced their target price on United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Morgan Stanley reduced their target price on United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. Truist Financial reissued a “buy” rating and issued a $956.00 target price (down from $963.00) on shares of United Rentals in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. upped their price objective on United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $829.00.

United Rentals Stock Performance

Shares of URI stock opened at $623.35 on Friday. The company has a market cap of $40.71 billion, a price-to-earnings ratio of 16.09, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76. The stock has a 50 day simple moving average of $701.71 and a 200-day simple moving average of $760.44. United Rentals, Inc. has a 12-month low of $585.27 and a 12-month high of $896.98. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. On average, equities analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a $1.79 dividend. This is an increase from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Wednesday, February 12th. United Rentals’s dividend payout ratio (DPR) is presently 18.48%.

Insider Activity at United Rentals

In related news, CFO William E. Grace sold 1,100 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the completion of the transaction, the chief financial officer now directly owns 6,880 shares of the company’s stock, valued at $4,390,128. This trade represents a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.53% of the stock is currently owned by company insiders.

United Rentals Company Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.