B. Metzler seel. Sohn & Co. Holding AG Makes New $11.10 Million Investment in United Rentals, Inc. (NYSE:URI)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of United Rentals, Inc. (NYSE:URI) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 13,708 shares of the construction company’s stock, valued at approximately $11,100,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Mayflower Financial Advisors LLC grew its stake in United Rentals by 4.0% during the third quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock worth $274,000 after buying an additional 13 shares during the last quarter. Ameritas Advisory Services LLC lifted its position in shares of United Rentals by 3.8% during the second quarter. Ameritas Advisory Services LLC now owns 378 shares of the construction company’s stock worth $244,000 after purchasing an additional 14 shares in the last quarter. Duncker Streett & Co. Inc. lifted its position in shares of United Rentals by 0.3% during the second quarter. Duncker Streett & Co. Inc. now owns 5,352 shares of the construction company’s stock worth $3,461,000 after purchasing an additional 14 shares in the last quarter. IAM Advisory LLC lifted its position in shares of United Rentals by 1.6% during the third quarter. IAM Advisory LLC now owns 900 shares of the construction company’s stock worth $729,000 after purchasing an additional 14 shares in the last quarter. Finally, CVA Family Office LLC lifted its position in shares of United Rentals by 1.7% during the third quarter. CVA Family Office LLC now owns 844 shares of the construction company’s stock worth $683,000 after purchasing an additional 14 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Bank of America upped their target price on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Barclays increased their price objective on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a report on Friday, October 25th. Citigroup increased their price objective on shares of United Rentals from $930.00 to $955.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Robert W. Baird increased their price objective on shares of United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a report on Thursday, October 3rd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, United Rentals currently has an average rating of “Hold” and a consensus price target of $742.50.

Insider Activity at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $823.24, for a total transaction of $740,916.00. Following the transaction, the senior vice president now directly owns 2,044 shares in the company, valued at $1,682,702.56. The trade was a 30.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.49% of the stock is owned by insiders.

United Rentals Stock Down 0.4 %

Shares of URI stock opened at $832.94 on Tuesday. The firm has a fifty day moving average of $809.84 and a 200-day moving average of $727.93. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. United Rentals, Inc. has a 12-month low of $454.71 and a 12-month high of $896.98. The company has a market capitalization of $54.66 billion, a price-to-earnings ratio of 21.75, a P/E/G ratio of 1.96 and a beta of 1.68.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the business posted $11.73 EPS. As a group, equities research analysts predict that United Rentals, Inc. will post 43.55 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Wednesday, November 13th. United Rentals’s dividend payout ratio (DPR) is currently 17.03%.

About United Rentals

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.