United Rentals, Inc. $URI Shares Purchased by Groupama Asset Managment

Groupama Asset Managment raised its holdings in shares of United Rentals, Inc. (NYSE:URI) by 8.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 84,442 shares of the construction company’s stock after purchasing an additional 6,830 shares during the period. United Rentals comprises about 1.0% of Groupama Asset Managment’s portfolio, making the stock its 25th largest holding. Groupama Asset Managment’s holdings in United Rentals were worth $68,341,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Gleason Group Inc. boosted its holdings in shares of United Rentals by 4.3% in the 4th quarter. Gleason Group Inc. now owns 269 shares of the construction company’s stock valued at $218,000 after buying an additional 11 shares during the period. Bridgewater Advisors Inc. lifted its holdings in United Rentals by 1.2% in the fourth quarter. Bridgewater Advisors Inc. now owns 967 shares of the construction company’s stock worth $783,000 after acquiring an additional 11 shares during the last quarter. Great Valley Advisor Group Inc. boosted its stake in United Rentals by 2.9% in the second quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company’s stock valued at $292,000 after acquiring an additional 11 shares during the period. Fearless Solutions LLC dba Best Invest boosted its stake in United Rentals by 2.2% in the fourth quarter. Fearless Solutions LLC dba Best Invest now owns 554 shares of the construction company’s stock valued at $448,000 after acquiring an additional 12 shares during the period. Finally, Legacy Financial Advisors Inc. grew its holdings in shares of United Rentals by 3.9% during the fourth quarter. Legacy Financial Advisors Inc. now owns 322 shares of the construction company’s stock valued at $260,000 after purchasing an additional 12 shares during the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Matthew John Flannery sold 22,768 shares of United Rentals stock in a transaction dated 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 directly owned 99,980 shares in the company, valued at $98,478,300.40. The trade was a 18.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Craig Adam Pintoff sold 2,466 shares of United Rentals stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $963.00, for a total transaction of $2,374,758.00. Following the sale, the executive vice president owned 14,774 shares in the company, valued at approximately $14,227,362. This represents a 14.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 26,088 shares of company stock worth $25,628,877. Insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on URI. Royal Bank Of Canada increased their price target on United Rentals from $1,041.00 to $1,119.00 and gave the stock an “outperform” 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. Weiss Ratings upgraded United Rentals from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Evercore reaffirmed an “outperform” rating and issued a $1,101.00 target price on shares of United Rentals in a research report on Monday, May 11th. Finally, JPMorgan Chase & Co. raised their target price on United Rentals from $850.00 to $1,050.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Thirteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,045.81.

United Rentals Stock Performance

URI opened at $1,077.68 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37. The business’s 50 day moving average is $947.43 and its 200-day moving average is $869.81. The stock has a market cap of $67.52 billion, a PE ratio of 27.49, a price-to-earnings-growth ratio of 1.66 and a beta of 1.81. United Rentals, Inc. has a twelve month low of $693.78 and a twelve month high of $1,106.88.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The business had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same period last year, the company earned $8.86 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, analysts predict that United Rentals, Inc. will post 47.26 earnings per share for the current year.

United Rentals Announces Dividend

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