United Rentals, Inc. $URI Shares Bought by Amundi

Amundi increased its stake in shares of United Rentals, Inc. (NYSE:URI) by 4.5% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 277,608 shares of the construction company’s stock after acquiring an additional 11,856 shares during the period. Amundi owned approximately 0.43% of United Rentals worth $218,697,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of URI. Norges Bank bought a new position in United Rentals during the 2nd quarter valued at $776,102,000. JPMorgan Chase & Co. boosted its stake in United Rentals by 71.3% in the second quarter. JPMorgan Chase & Co. now owns 1,874,127 shares of the construction company’s stock valued at $1,411,968,000 after acquiring an additional 780,322 shares during the period. Nuveen LLC bought a new position in United Rentals during the 1st quarter worth $402,291,000. Boston Partners increased its position in United Rentals by 74.5% in the second quarter. Boston Partners now owns 715,250 shares of the construction company’s stock worth $542,526,000 after buying an additional 305,378 shares during the period. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in United Rentals during the 2nd quarter valued at about $152,069,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Royal Bank Of Canada set a $1,123.00 target price on shares of United Rentals in a research report on Friday, October 24th. KeyCorp restated an “overweight” rating on shares of United Rentals in a research report on Wednesday. Citigroup reaffirmed a “buy” rating on shares of United Rentals in a research note on Thursday, October 23rd. Evercore ISI restated an “outperform” rating on shares of United Rentals in a report on Tuesday, August 19th. Finally, Wells Fargo & Company initiated coverage on shares of United Rentals in a research report on Thursday, November 13th. They issued an “overweight” rating and a $995.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $968.94.

United Rentals Price Performance

NYSE URI opened at $796.27 on Friday. The business has a 50 day simple moving average of $889.08 and a 200 day simple moving average of $852.94. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $1,021.47. The stock has a market cap of $50.67 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 1.80 and a beta of 1.68. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.84 and a current ratio of 0.90.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.43 by ($0.73). The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.16 billion. United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The business’s revenue was up 5.9% compared to the same quarter last year. During the same period last year, the company posted $11.80 earnings per share. Analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 0.9%. The ex-dividend date was Wednesday, November 12th. United Rentals’s payout ratio is currently 18.42%.

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.