Cibc World Market Inc. Has $8.03 Million Stake in United Rentals, Inc. $URI

Cibc World Market Inc. lowered its position in shares of United Rentals, Inc. (NYSE:URI) by 25.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,923 shares of the construction company’s stock after selling 3,326 shares during the quarter. Cibc World Market Inc.’s holdings in United Rentals were worth $8,031,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of URI. Norges Bank bought a new stake in United Rentals in the fourth quarter valued at approximately $978,017,000. Capital International Investors increased its stake in United Rentals by 22.8% in the third quarter. Capital International Investors now owns 3,402,524 shares of the construction company’s stock valued at $3,247,762,000 after purchasing an additional 631,484 shares in the last quarter. TD Asset Management Inc increased its stake in United Rentals by 66.5% in the third quarter. TD Asset Management Inc now owns 484,450 shares of the construction company’s stock valued at $462,485,000 after purchasing an additional 193,416 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in United Rentals by 3,459.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 196,688 shares of the construction company’s stock valued at $159,184,000 after purchasing an additional 191,162 shares in the last quarter. Finally, Capital World Investors increased its stake in United Rentals by 6.7% in the third quarter. Capital World Investors now owns 2,678,614 shares of the construction company’s stock valued at $2,557,158,000 after purchasing an additional 168,685 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

Insider Buying and Selling at United Rentals

In related news, SVP Joli L. Gross sold 306 shares of the stock in a transaction on Monday, April 27th. The shares were sold at an average price of $954.99, for a total transaction of $292,226.94. Following the completion of the transaction, the senior vice president owned 5,738 shares in the company, valued at approximately $5,479,732.62. This represents a 5.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew John Flannery sold 22,768 shares of the stock in a transaction on Friday, April 24th. The stock was sold at an average price of $984.98, for a total transaction of $22,426,024.64. Following the transaction, the chief executive officer owned 99,980 shares of the company’s stock, valued at $98,478,300.40. The trade was a 18.55% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 26,088 shares of company stock worth $25,628,877. Company insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on URI. JPMorgan Chase & Co. upped their target price on shares of United Rentals from $850.00 to $1,050.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Morgan Stanley reaffirmed an “overweight” rating and issued a $1,030.00 target price on shares of United Rentals in a research note on Friday, April 24th. Evercore reaffirmed an “outperform” rating and issued a $1,101.00 target price on shares of United Rentals in a research note on Monday, May 11th. Weiss Ratings raised shares of United Rentals from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Finally, KeyCorp upped their target price on shares of United Rentals from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Twelve research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, United Rentals has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.63.

United Rentals Stock Down 1.6%

United Rentals stock opened at $1,067.62 on Friday. The stock has a market capitalization of $66.89 billion, a PE ratio of 27.24, a price-to-earnings-growth ratio of 1.70 and a beta of 1.81. United Rentals, Inc. has a twelve month low of $682.08 and a twelve month high of $1,091.23. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.37. The company has a 50 day moving average of $885.82 and a 200-day moving average of $852.39.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing the consensus estimate of $11.47 by ($1.76). The company had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.20 billion. United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the company earned $8.86 EPS. On average, equities research analysts anticipate that United Rentals, Inc. will post 47.07 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were issued a $1.97 dividend. This represents a $7.88 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Wednesday, May 13th. United Rentals’s dividend payout ratio is 20.10%.

United Rentals Profile

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.