United Rentals, Inc. (NYSE:URI) Shares Sold by Bedrijfstakpensioenfonds Voor DE Media PNO

Bedrijfstakpensioenfonds Voor DE Media PNO cut its stake in shares of United Rentals, Inc. (NYSE:URI) by 14.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 23,200 shares of the construction company’s stock after selling 4,000 shares during the period. United Rentals comprises about 2.0% of Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings, making the stock its 20th biggest holding. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in United Rentals were worth $15,783,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of United Rentals by 11.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,203 shares of the construction company’s stock valued at $7,492,000 after purchasing an additional 964 shares during the period. Retireful LLC acquired a new stake in shares of United Rentals during the third quarter worth about $697,000. Mizuho Securities USA LLC raised its holdings in United Rentals by 1,067.5% in the third quarter. Mizuho Securities USA LLC now owns 59,879 shares of the construction company’s stock valued at $48,486,000 after acquiring an additional 54,750 shares in the last quarter. Fiduciary Alliance LLC raised its holdings in United Rentals by 196.5% in the fourth quarter. Fiduciary Alliance LLC now owns 1,420 shares of the construction company’s stock valued at $1,000,000 after acquiring an additional 941 shares in the last quarter. Finally, XTX Topco Ltd raised its holdings in United Rentals by 428.8% during the third quarter. XTX Topco Ltd now owns 1,692 shares of the construction company’s stock worth $1,370,000 after purchasing an additional 1,372 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Performance

URI opened at $789.12 on Wednesday. United Rentals, Inc. has a 12-month low of $574.09 and a 12-month high of $896.98. The stock has a market cap of $51.78 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 1.71 and a beta of 1.69. The business has a 50 day moving average of $775.13 and a 200-day moving average of $764.26. 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 (NYSE:URI) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The company had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter last year, the business earned $11.73 EPS. United Rentals’s revenue was up 6.0% on a year-over-year basis. On average, equities research analysts expect that United Rentals, Inc. will post 43.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on URI. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Bank of America increased their price objective on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Citigroup lowered their price objective on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target for the company in a research report on Tuesday, January 14th. Finally, Truist Financial reduced their price objective on United Rentals from $965.00 to $963.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $805.08.

Insider Activity at United Rentals

In related news, SVP Anthony S. Leopold sold 900 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was 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 of the company’s stock, valued at approximately $1,682,702.56. This represents a 30.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is currently owned by company insiders.

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.