Czech National Bank Has $10.98 Million Holdings in United Rentals, Inc. (NYSE:URI)

Czech National Bank increased its stake in shares of United Rentals, Inc. (NYSE:URI) by 6.9% in the third quarter, Holdings Channel reports. The firm owned 13,565 shares of the construction company’s stock after buying an additional 875 shares during the quarter. Czech National Bank’s holdings in United Rentals were worth $10,984,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in URI. First Financial Corp IN acquired a new stake in shares of United Rentals during the first quarter worth $25,000. Crewe Advisors LLC bought a new position in United Rentals during the first quarter worth about $27,000. RFP Financial Group LLC lifted its holdings in United Rentals by 115.8% during the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock worth $27,000 after acquiring an additional 22 shares in the last quarter. Rise Advisors LLC bought a new position in United Rentals during the first quarter worth about $28,000. Finally, Riverview Trust Co bought a new position in United Rentals during the first quarter worth about $31,000. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Stock Performance

NYSE URI traded up $0.43 during trading on Friday, reaching $789.60. 416,935 shares of the company’s stock were exchanged, compared to its average volume of 547,587. The business has a 50 day moving average price of $735.25 and a 200-day moving average price of $695.17. The stock has a market capitalization of $52.22 billion, a P/E ratio of 21.39, a PEG ratio of 1.84 and a beta of 1.68. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.81 and a quick ratio of 0.76. United Rentals, Inc. has a fifty-two week low of $387.01 and a fifty-two week high of $826.24.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, July 24th. The construction company reported $10.70 EPS for the quarter, beating the consensus estimate of $10.48 by $0.22. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the prior year, the business earned $9.88 earnings per share. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. Sell-side analysts forecast that United Rentals, Inc. will post 44.39 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Wednesday, August 14th. United Rentals’s dividend payout ratio is currently 17.66%.

Insider Buying and Selling

In related news, SVP Joli L. Gross sold 360 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $690.00, for a total transaction of $248,400.00. Following the sale, the senior vice president now owns 4,090 shares of the company’s stock, valued at $2,822,100. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.53% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on URI. Citigroup began coverage on United Rentals in a report on Wednesday, June 26th. They set a “buy” rating and a $745.00 target price on the stock. Robert W. Baird boosted their price target on United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a report on Thursday. Raymond James began coverage on United Rentals in a report on Friday, June 28th. They issued an “outperform” rating and a $750.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Finally, The Goldman Sachs Group boosted their price target on United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a report on Friday, July 26th. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $694.46.

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.