AEGON ASSET MANAGEMENT UK Plc Has $55.61 Million Stock Holdings in United Rentals, Inc. (NYSE:URI)

AEGON ASSET MANAGEMENT UK Plc reduced its holdings in United Rentals, Inc. (NYSE:URI) by 17.2% in the 4th quarter, HoldingsChannel reports. The fund owned 79,003 shares of the construction company’s stock after selling 16,439 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in United Rentals were worth $55,612,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of URI. XTX Topco Ltd bought a new position in United Rentals during the 2nd quarter worth $207,000. Sei Investments Co. increased its stake in shares of United Rentals by 13.7% in the second quarter. Sei Investments Co. now owns 4,981 shares of the construction company’s stock valued at $3,221,000 after buying an additional 599 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of United Rentals by 14.3% during the second quarter. EverSource Wealth Advisors LLC now owns 200 shares of the construction company’s stock worth $129,000 after acquiring an additional 25 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in shares of United Rentals by 77.7% in the second quarter. Public Sector Pension Investment Board now owns 2,525 shares of the construction company’s stock worth $1,633,000 after acquiring an additional 1,104 shares during the period. Finally, Evergreen Capital Management LLC boosted its holdings in United Rentals by 4.4% in the second quarter. Evergreen Capital Management LLC now owns 497 shares of the construction company’s stock valued at $321,000 after acquiring an additional 21 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of NYSE:URI opened at $790.25 on Friday. United Rentals, Inc. has a twelve month low of $596.48 and a twelve month high of $896.98. The stock’s 50 day moving average is $771.48 and its 200-day moving average is $765.61. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $51.86 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 1.73 and a beta of 1.69.

United Rentals (NYSE:URI) last announced its quarterly earnings results 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 net margin of 17.12% and a return on equity of 34.73%. The business 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 firm posted $11.73 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. Sell-side analysts forecast that United Rentals, Inc. will post 43.43 EPS for the current fiscal year.

Insider Transactions at United Rentals

In related news, SVP Anthony S. Leopold sold 900 shares of United Rentals 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 owns 2,044 shares of the company’s stock, valued at $1,682,702.56. The trade was a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.53% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Bank of America raised their price target 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. Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price on the stock in a report on Tuesday, January 14th. Barclays upped their price target on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. Truist Financial lowered their price objective on United Rentals from $965.00 to $963.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Finally, Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $805.08.

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.