Livforsakringsbolaget Skandia Omsesidigt Has $19.50 Million Stake in United Rentals, Inc. $URI

Livforsakringsbolaget Skandia Omsesidigt increased its holdings in United Rentals, Inc. (NYSE:URI) by 4,748.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,097 shares of the construction company’s stock after buying an additional 23,600 shares during the period. United Rentals accounts for 0.8% of Livforsakringsbolaget Skandia Omsesidigt’s holdings, making the stock its 23rd largest position. Livforsakringsbolaget Skandia Omsesidigt’s holdings in United Rentals were worth $19,502,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in URI. Aventura Private Wealth LLC acquired a new stake in shares of United Rentals in the fourth quarter valued at approximately $27,000. Core Wealth Advisors LLC acquired a new stake in shares of United Rentals in the fourth quarter valued at approximately $28,000. Abich Financial Wealth Management LLC acquired a new stake in shares of United Rentals in the third quarter valued at approximately $29,000. Board of the Pension Protection Fund acquired a new stake in shares of United Rentals in the fourth quarter valued at approximately $32,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of United Rentals in the fourth quarter valued at approximately $32,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on URI shares. Barclays lifted their price target on shares of United Rentals from $600.00 to $715.00 and gave the company an “underweight” rating in a research report on Friday, April 24th. Sanford C. Bernstein set a $903.00 price target on shares of United Rentals and gave the company an “outperform” rating in a research report on Thursday, April 9th. JPMorgan Chase & Co. boosted their price objective on shares of United Rentals from $850.00 to $1,050.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Citigroup boosted their price objective on shares of United Rentals from $950.00 to $1,130.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Finally, Weiss Ratings upgraded shares of United Rentals from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Twelve research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, United Rentals currently has an average rating of “Moderate Buy” and an average price target of $1,013.63.

Insider Activity at United Rentals

In other United Rentals news, CEO Matthew John Flannery sold 22,768 shares of the business’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $984.98, for a total transaction of $22,426,024.64. Following the sale, the chief executive officer owned 99,980 shares of the company’s stock, valued at approximately $98,478,300.40. The trade was a 18.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Craig Adam Pintoff sold 2,466 shares of the business’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $963.00, for a total transaction of $2,374,758.00. Following the sale, the executive vice president directly owned 14,774 shares in the company, valued at approximately $14,227,362. The trade was a 14.30% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 26,088 shares of company stock worth $25,628,877. Corporate insiders own 0.47% of the company’s stock.

United Rentals Stock Up 2.6%

Shares of URI opened at $1,083.52 on Friday. United Rentals, Inc. has a one year low of $682.08 and a one year high of $1,091.23. The company has a market cap of $67.88 billion, a P/E ratio of 27.64, a P/E/G ratio of 1.68 and a beta of 1.81. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.74. The firm has a 50 day simple moving average of $879.45 and a two-hundred day simple moving average of $850.87.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing the consensus estimate of $11.47 by ($1.76). The firm had revenue of $3.99 billion for 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 revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $8.86 earnings per share. Research analysts forecast that United Rentals, Inc. will post 47.07 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were paid a dividend of $1.97 per share. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 13th. United Rentals’s payout ratio is presently 20.10%.

About United Rentals

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.