PFA Pension Forsikringsaktieselskab Invests $59.90 Million in United Rentals, Inc. $URI

PFA Pension Forsikringsaktieselskab bought a new position in United Rentals, Inc. (NYSE:URI) in the 4th quarter, HoldingsChannel reports. The fund bought 73,288 shares of the construction company’s stock, valued at approximately $59,895,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. One Wealth Advisors LLC boosted its position in shares of United Rentals by 2.5% in the fourth quarter. One Wealth Advisors LLC now owns 1,846 shares of the construction company’s stock worth $1,494,000 after buying an additional 45 shares during the period. Robertson Stephens Wealth Management LLC acquired a new stake in United Rentals during the fourth quarter valued at $587,000. Fifth Third Bancorp boosted its position in United Rentals by 0.7% during the fourth quarter. Fifth Third Bancorp now owns 3,868 shares of the construction company’s stock valued at $3,130,000 after purchasing an additional 28 shares during the last quarter. Danica Pension Livsforsikringsaktieselskab acquired a new stake in United Rentals during the fourth quarter valued at $3,501,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in United Rentals during the fourth quarter valued at $32,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Michael D. Durand sold 2,490 shares of United Rentals stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $791.14, for a total value of $1,969,938.60. Following the transaction, the executive vice president directly owned 7,458 shares in the company, valued at approximately $5,900,322.12. The trade was a 25.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Craig Adam Pintoff sold 2,466 shares of United Rentals stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $963.00, for a total value of $2,374,758.00. Following the completion of the transaction, the executive vice president owned 14,774 shares in the company, valued at $14,227,362. The trade was a 14.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 30,076 shares of company stock valued at $28,783,569 in the last ninety days. Company insiders own 0.47% of the company’s stock.

United Rentals Trading Down 0.8%

United Rentals stock opened at $952.13 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.74 and a current ratio of 0.80. The business’s 50-day simple moving average is $802.13 and its 200-day simple moving average is $841.19. The firm has a market capitalization of $59.65 billion, a PE ratio of 24.29, a PEG ratio of 1.51 and a beta of 1.83. United Rentals, Inc. has a 52 week low of $645.18 and a 52 week high of $1,021.47.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.20 billion. United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.86 earnings per share. Equities research analysts forecast that United Rentals, Inc. will post 46.99 earnings per share for the current year.

United Rentals declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, January 28th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the construction company to repurchase up to 8.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th will be paid a $1.97 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.8%. United Rentals’s payout ratio is presently 20.10%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Sanford C. Bernstein set a $903.00 price objective on United Rentals and gave the company an “outperform” rating in a research report on Thursday, April 9th. KeyCorp lifted their price objective on United Rentals from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Truist Financial set a $1,209.00 price objective on United Rentals in a research report on Friday, April 24th. Robert W. Baird lifted their price objective on United Rentals from $970.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, Wells Fargo & Company lifted their price objective on United Rentals from $995.00 to $1,071.00 and gave the company an “overweight” rating in a research report on Friday, January 23rd. Thirteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $986.35.

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.