BDF Gestion Invests $3 Million in United Rentals, Inc. (NYSE:URI)

BDF Gestion purchased a new position in shares of United Rentals, Inc. (NYSE:URI) in the second quarter, HoldingsChannel reports. The firm purchased 4,635 shares of the construction company’s stock, valued at approximately $2,998,000.

Other hedge funds have also modified their holdings of the company. Capital Research Global Investors boosted its holdings 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 valued at $3,669,806,000 after acquiring an additional 1,799,997 shares during the period. Norges Bank purchased a new position in shares of United Rentals in the 4th quarter valued at about $977,443,000. Capital International Investors acquired a new stake in shares of United Rentals during the 1st quarter worth about $332,349,000. AMF Tjanstepension AB raised its position in shares of United Rentals by 77.7% during the 2nd quarter. AMF Tjanstepension AB now owns 457,056 shares of the construction company’s stock worth $295,626,000 after acquiring an additional 199,810 shares in the last quarter. Finally, Heritage Wealth Advisors raised its position in shares of United Rentals by 15,100.8% during the 1st quarter. Heritage Wealth Advisors now owns 100,781 shares of the construction company’s stock worth $72,674,000 after acquiring an additional 100,118 shares in the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on URI. Citigroup began coverage on United Rentals in a research report on Wednesday, June 26th. They set a “buy” rating and a $745.00 price target on the stock. Oppenheimer reiterated a “market perform” rating on shares of United Rentals in a research note on Monday, April 29th. Stifel Nicolaus lifted their target price on United Rentals from $720.00 to $750.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Truist Financial lifted their target price on United Rentals from $785.00 to $873.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, The Goldman Sachs Group lifted their target price on United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $670.92.

United Rentals Price Performance

Shares of United Rentals stock traded up $6.84 during trading on Friday, reaching $696.10. The company’s stock had a trading volume of 336,591 shares, compared to its average volume of 588,165. The business has a 50 day moving average price of $670.14 and a 200-day moving average price of $671.08. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $46.04 billion, a P/E ratio of 18.66, a price-to-earnings-growth ratio of 2.03 and a beta of 1.71. United Rentals, Inc. has a 12-month low of $387.01 and a 12-month high of $789.80.

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

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $6.52 annualized dividend and a yield of 0.94%. United Rentals’s payout ratio is currently 17.66%.

Insider Activity at United Rentals

In other United Rentals news, SVP Joli L. Gross sold 360 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $690.00, for a total transaction of $248,400.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.53% of the company’s stock.

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.