Securian Asset Management Inc. Has $2.50 Million Stake in United Rentals, Inc. (NYSE:URI)

Securian Asset Management Inc. reduced its holdings in United Rentals, Inc. (NYSE:URI) by 2.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,858 shares of the construction company’s stock after selling 100 shares during the period. Securian Asset Management Inc.’s holdings in United Rentals were worth $2,495,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Capital Research Global Investors raised its position in shares of 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 valued at $3,669,806,000 after buying an additional 1,799,997 shares in the last quarter. Norges Bank acquired a new position in United Rentals during the fourth quarter valued at approximately $977,443,000. Dimensional Fund Advisors LP lifted its stake in United Rentals by 4.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,246,092 shares of the construction company’s stock worth $714,578,000 after purchasing an additional 56,948 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of United Rentals by 1.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 650,387 shares of the construction company’s stock valued at $372,945,000 after purchasing an additional 11,429 shares in the last quarter. Finally, Capital International Investors bought a new position in shares of United Rentals in the 1st quarter valued at $332,349,000. 96.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Truist Financial boosted their target price on United Rentals from $785.00 to $873.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. initiated coverage on United Rentals in a research report on Friday, June 7th. They set an “overweight” rating and a $780.00 target price on the stock. The Goldman Sachs Group boosted their price target on shares of United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Citigroup started coverage on shares of United Rentals in a research report on Wednesday, June 26th. They issued a “buy” rating and a $745.00 price target on the stock. Finally, Oppenheimer reiterated a “market perform” rating on shares of United Rentals in a research note on Monday, April 29th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $670.92.

Insider Activity at United Rentals

In other United Rentals news, SVP Joli L. Gross sold 360 shares of United Rentals stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $690.00, for a total value of $248,400.00. Following the transaction, the senior vice president now owns 4,090 shares in the company, valued at approximately $2,822,100. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.53% of the company’s stock.

United Rentals Stock Down 1.0 %

NYSE:URI traded down $6.90 during midday trading on Monday, reaching $689.20. 131,856 shares of the stock traded hands, compared to its average volume of 585,080. United Rentals, Inc. has a 12-month low of $387.01 and a 12-month high of $789.80. The business has a 50-day moving average of $670.66 and a two-hundred day moving average of $673.23. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.76 and a current ratio of 0.81. The stock has a market capitalization of $45.58 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 2.07 and a beta of 1.71.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share for the quarter, topping analysts’ consensus estimates of $10.48 by $0.22. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The business had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the prior year, the business posted $9.88 EPS. The company’s revenue was up 6.2% compared to the same quarter last year. On average, equities analysts forecast that United Rentals, Inc. will post 44.35 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th will be issued a $1.63 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.95%. United Rentals’s dividend payout ratio is presently 17.66%.

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.