Profund Advisors LLC Has $720,000 Stock Position in United Rentals, Inc. (NYSE:URI)

Profund Advisors LLC cut its holdings in United Rentals, Inc. (NYSE:URI) by 2.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,113 shares of the construction company’s stock after selling 24 shares during the period. Profund Advisors LLC’s holdings in United Rentals were worth $720,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Capital Research Global Investors lifted its position in United Rentals by 39.1% during the 4th quarter. Capital Research Global Investors now owns 6,399,808 shares of the construction company’s stock worth $3,669,806,000 after buying an additional 1,799,997 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in United Rentals by 1.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 650,387 shares of the construction company’s stock worth $372,945,000 after acquiring an additional 11,429 shares in the last quarter. Capital International Investors acquired a new position in United Rentals during the first quarter valued at approximately $332,349,000. AMF Tjanstepension AB grew its stake in United Rentals by 77.7% in the second quarter. AMF Tjanstepension AB now owns 457,056 shares of the construction company’s stock valued at $295,626,000 after purchasing an additional 199,810 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of United Rentals by 5.7% during the 2nd quarter. Hsbc Holdings PLC now owns 382,536 shares of the construction company’s stock worth $247,001,000 after purchasing an additional 20,481 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on URI. The Goldman Sachs Group increased their price objective on United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a report on Friday, July 26th. Evercore ISI lifted their price objective on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Citigroup initiated coverage on shares of United Rentals in a report on Wednesday, June 26th. They issued a “buy” rating and a $745.00 target price on the stock. JPMorgan Chase & Co. lifted their price target on United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Truist Financial upped their price objective on United Rentals from $785.00 to $873.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, United Rentals has a consensus rating of “Hold” and a consensus price target of $687.46.

United Rentals Stock Up 0.4 %

URI stock opened at $802.26 on Wednesday. The business’s fifty day moving average price is $725.29 and its two-hundred day moving average price is $689.02. The stock has a market capitalization of $53.06 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 1.85 and a beta of 1.68. United Rentals, Inc. has a fifty-two week low of $387.01 and a fifty-two week high of $807.79. 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 (NYSE:URI) last issued its quarterly earnings data on Wednesday, July 24th. The construction company reported $10.70 earnings per share for the quarter, topping the consensus estimate of $10.48 by $0.22. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The business had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the previous year, the company earned $9.88 EPS. The business’s revenue was up 6.2% on a year-over-year basis. On average, equities analysts anticipate that United Rentals, Inc. will post 44.39 earnings per share for the current 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 paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 0.81%. The ex-dividend date was Wednesday, August 14th. United Rentals’s dividend payout ratio (DPR) is currently 17.66%.

Insider Buying and Selling

In other United Rentals news, SVP Joli L. Gross sold 360 shares of United Rentals stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $690.00, for a total value of $248,400.00. Following the completion of the transaction, the senior vice president now directly owns 4,090 shares of the company’s stock, valued at approximately $2,822,100. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.53% of the stock is currently owned by company insiders.

United Rentals 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.