Axa S.A. Sells 15,937 Shares of United Rentals, Inc. (NYSE:URI)

Axa S.A. cut its stake in United Rentals, Inc. (NYSE:URI) by 59.2% in the second quarter, HoldingsChannel reports. The fund owned 11,000 shares of the construction company’s stock after selling 15,937 shares during the period. Axa S.A.’s holdings in United Rentals were worth $7,114,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Capital Research Global Investors raised its position in United Rentals by 39.1% in 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 purchasing an additional 1,799,997 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of 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 valued at $372,945,000 after acquiring an additional 11,429 shares during the period. Capital International Investors bought a new position in United Rentals in the first quarter valued at about $332,349,000. AMF Tjanstepension AB increased its position in United Rentals by 77.7% in the second quarter. AMF Tjanstepension AB now owns 457,056 shares of the construction company’s stock worth $295,626,000 after purchasing an additional 199,810 shares during the period. Finally, Hsbc Holdings PLC raised its holdings in 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. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Joli L. Gross sold 360 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $690.00, for a total value of $248,400.00. Following the sale, the senior vice president now directly owns 4,090 shares in the company, valued at $2,822,100. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.53% of the company’s stock.

United Rentals Trading Up 1.4 %

NYSE URI opened at $814.10 on Friday. United Rentals, Inc. has a one year low of $387.01 and a one year high of $826.24. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.81 and a quick ratio of 0.76. The firm has a market cap of $54.21 billion, a P/E ratio of 22.05, a P/E/G ratio of 1.86 and a beta of 1.68. The stock’s 50-day moving average is $730.26 and its 200-day moving average is $691.76.

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

United Rentals Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Wednesday, August 14th. United Rentals’s payout ratio is presently 17.66%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on URI shares. Evercore ISI raised their target price on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. JPMorgan Chase & Co. raised their price objective on shares of United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Citigroup started coverage on shares of United Rentals in a research report on Wednesday, June 26th. They set a “buy” rating and a $745.00 target price for the company. Raymond James began coverage on United Rentals in a research report on Friday, June 28th. They issued an “outperform” rating and a $750.00 price target on the stock. 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 report on Friday, July 26th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, United Rentals presently has an average rating of “Hold” and a consensus target price of $687.46.

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.