Bedrijfstakpensioenfonds Voor DE Media PNO Sells 4,000 Shares of United Rentals, Inc. (NYSE:URI)

Bedrijfstakpensioenfonds Voor DE Media PNO reduced its stake in United Rentals, Inc. (NYSE:URIFree Report) by 14.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 23,200 shares of the construction company’s stock after selling 4,000 shares during the period. United Rentals makes up approximately 2.0% of Bedrijfstakpensioenfonds Voor DE Media PNO’s portfolio, making the stock its 20th biggest position. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in United Rentals were worth $15,783,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Enclave Advisors LLC bought a new stake in shares of United Rentals in the 4th quarter worth approximately $393,000. Atomi Financial Group Inc. boosted its holdings in United Rentals by 9.1% in the 4th quarter. Atomi Financial Group Inc. now owns 613 shares of the construction company’s stock worth $432,000 after buying an additional 51 shares during the period. Capricorn Fund Managers Ltd bought a new position in shares of United Rentals during the 4th quarter valued at about $616,000. Alpha Cubed Investments LLC raised its position in shares of United Rentals by 6.2% during the 4th quarter. Alpha Cubed Investments LLC now owns 547 shares of the construction company’s stock valued at $385,000 after buying an additional 32 shares in the last quarter. Finally, Atwood & Palmer Inc. raised its position in shares of United Rentals by 0.5% during the 4th quarter. Atwood & Palmer Inc. now owns 57,637 shares of the construction company’s stock valued at $40,602,000 after buying an additional 259 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Trading Up 2.3 %

Shares of URI stock opened at $789.12 on Wednesday. The business’s 50 day moving average is $775.13 and its two-hundred day moving average is $764.26. The company has a market cap of $51.78 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of 1.71 and a beta of 1.69. 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 $574.09 and a 12 month high of $896.98.

United Rentals (NYSE:URIGet Free Report) last announced 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). The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. United Rentals’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $11.73 earnings per share. Equities analysts predict that United Rentals, Inc. will post 43.43 EPS for the current year.

Wall Street Analyst Weigh In

URI has been the topic of a number of recent analyst reports. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Bank of America lifted their price objective on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Argus lifted their target price on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Truist Financial lowered their price target on shares of United Rentals from $965.00 to $963.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Finally, Citigroup reduced their price target on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $805.08.

Check Out Our Latest Research Report on United Rentals

Insider Activity

In related news, SVP Anthony S. Leopold sold 900 shares of the business’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. The trade was a 30.57 % decrease in their position. The transaction was disclosed in a legal 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

(Free Report)

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.

See Also

Want to see what other hedge funds are holding URI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Rentals, Inc. (NYSE:URIFree Report).

Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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