Robeco Institutional Asset Management B.V. Reduces Stock Position in United Rentals, Inc. $URI

Robeco Institutional Asset Management B.V. decreased its stake in shares of United Rentals, Inc. (NYSE:URI) by 12.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,526 shares of the construction company’s stock after selling 796 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in United Rentals were worth $5,275,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in URI. Loomis Sayles & Co. L P purchased a new position in shares of United Rentals during the 2nd quarter worth $28,000. Salomon & Ludwin LLC increased its position in United Rentals by 650.0% during the third quarter. Salomon & Ludwin LLC now owns 30 shares of the construction company’s stock worth $29,000 after purchasing an additional 26 shares during the last quarter. Maseco LLP purchased a new position in United Rentals during the second quarter worth about $32,000. Trust Co. of Toledo NA OH purchased a new position in United Rentals during the second quarter worth about $38,000. Finally, Hantz Financial Services Inc. boosted its holdings in United Rentals by 103.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 55 shares of the construction company’s stock valued at $42,000 after purchasing an additional 28 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. UBS Group upgraded shares of United Rentals from a “neutral” rating to a “buy” rating and set a $1,025.00 price target for the company in a report on Sunday, January 4th. Truist Financial cut their target price on United Rentals from $1,169.00 to $1,045.00 and set a “buy” rating for the company in a research note on Thursday, December 18th. Royal Bank Of Canada set a $1,123.00 price target on United Rentals in a research note on Friday, October 24th. Barclays lowered their price target on United Rentals from $620.00 to $600.00 and set an “underweight” rating for the company in a report on Monday, October 20th. Finally, KeyCorp restated an “overweight” rating on shares of United Rentals in a report on Wednesday, December 3rd. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $954.83.

United Rentals Price Performance

URI stock opened at $939.58 on Friday. The business’s fifty day moving average price is $827.13 and its 200 day moving average price is $875.03. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $1,021.47. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $59.79 billion, a PE ratio of 24.17, a P/E/G ratio of 1.95 and a beta of 1.69.

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

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, November 12th. United Rentals’s dividend payout ratio is presently 18.42%.

United Rentals Company 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.