MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Makes New $91,000 Investment in United Rentals, Inc. (NYSE:URI)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new position in United Rentals, Inc. (NYSE:URI) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 126 shares of the construction company’s stock, valued at approximately $91,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. BKM Wealth Management LLC grew its position in shares of United Rentals by 963.4% in the first quarter. BKM Wealth Management LLC now owns 436 shares of the construction company’s stock valued at $314,000 after purchasing an additional 395 shares in the last quarter. Diversified Trust Co increased its stake in shares of United Rentals by 7.9% in the 1st quarter. Diversified Trust Co now owns 1,449 shares of the construction company’s stock worth $1,045,000 after acquiring an additional 106 shares during the last quarter. MorganRosel Wealth Management LLC acquired a new stake in shares of United Rentals in the 1st quarter worth $216,000. First Bank & Trust boosted its position in shares of United Rentals by 7.9% during the 1st quarter. First Bank & Trust now owns 739 shares of the construction company’s stock valued at $533,000 after acquiring an additional 54 shares during the last quarter. Finally, Burns J W & Co. Inc. NY grew its holdings in shares of United Rentals by 0.5% in the first quarter. Burns J W & Co. Inc. NY now owns 10,259 shares of the construction company’s stock valued at $7,398,000 after purchasing an additional 49 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on URI shares. JPMorgan Chase & Co. began coverage on shares of United Rentals in a research report on Friday, June 7th. They set an “overweight” rating and a $780.00 price target on the stock. Raymond James started coverage on United Rentals in a report on Friday, June 28th. They set an “outperform” rating and a $750.00 price target for the company. The Goldman Sachs Group boosted their price objective on shares of United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Stifel Nicolaus lifted their price target on shares of United Rentals from $720.00 to $750.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, Truist Financial reduced their price target on shares of United Rentals from $796.00 to $785.00 and set a “buy” rating on the stock in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $637.67.

United Rentals Stock Up 0.8 %

United Rentals stock opened at $645.88 on Wednesday. The firm has a market capitalization of $43.01 billion, a P/E ratio of 17.49, a P/E/G ratio of 2.12 and a beta of 1.71. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 1.39. United Rentals, Inc. has a twelve month low of $387.01 and a twelve month high of $732.37. The stock’s fifty day simple moving average is $660.29 and its 200-day simple moving average is $646.84.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, April 24th. The construction company reported $9.15 earnings per share for the quarter, topping the consensus estimate of $8.35 by $0.80. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. United Rentals’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $7.95 EPS. As a group, equities analysts expect that United Rentals, Inc. will post 43.71 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th were paid a $1.63 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $6.52 dividend on an annualized basis and a yield of 1.01%. United Rentals’s dividend payout ratio is currently 17.66%.

Insiders Place Their Bets

In other news, COO Michael D. Durand sold 559 shares of United Rentals stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $674.56, for a total transaction of $377,079.04. Following the completion of the sale, the chief operating officer now directly owns 8,052 shares of the company’s stock, valued at approximately $5,431,557.12. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other United Rentals news, CEO Matthew John Flannery sold 8,379 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total value of $5,862,199.77. Following the completion of the transaction, the chief executive officer now owns 103,400 shares in the company, valued at $72,341,742. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Michael D. Durand sold 559 shares of United Rentals stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $674.56, for a total value of $377,079.04. Following the sale, the chief operating officer now owns 8,052 shares in the company, valued at approximately $5,431,557.12. The disclosure for this sale can be found here. 0.49% 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.