AEGON ASSET MANAGEMENT UK Plc Sells 7,533 Shares of United Rentals, Inc. $URI

Key Points

• AEGON ASSET MANAGEMENT UK Plc reduced its stake in United Rentals, Inc. by 10.7%, selling 7,533 shares, and now holds 63,004 shares valued at approximately $47.5 million.
• United Rentals reported a 4.5% year-over-year revenue increase for the quarter, achieving $3.94 billion but missed earnings estimates with $10.47 EPS.
• The firm has recently announced a quarterly dividend of $1.79 per share, representing an annual yield of 0.7% and a payout ratio of 18.52%.

AEGON ASSET MANAGEMENT UK Plc lessened its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 10.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,004 shares of the construction company's stock after selling 7,533 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.10% of United Rentals worth $47,458,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of United Rentals by 5.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the construction company's stock valued at $199,000 after purchasing an additional 13 shares in the last quarter. Cooper Financial Group lifted its holdings in shares of United Rentals by 1.6% during the 2nd quarter. Cooper Financial Group now owns 807 shares of the construction company's stock valued at $608,000 after purchasing an additional 13 shares in the last quarter. American Trust raised its position in United Rentals by 1.1% in the 1st quarter. American Trust now owns 1,242 shares of the construction company's stock valued at $778,000 after buying an additional 14 shares during the last quarter. CX Institutional raised its position in United Rentals by 2.5% in the 2nd quarter. CX Institutional now owns 585 shares of the construction company's stock valued at $441,000 after buying an additional 14 shares during the last quarter. Finally, Leavell Investment Management Inc. raised its position in United Rentals by 3.6% in the 1st quarter. Leavell Investment Management Inc. now owns 515 shares of the construction company's stock valued at $323,000 after buying an additional 18 shares during the last quarter. Institutional investors own 96.26% of the company's stock.

United Rentals Stock Up 2.7%

NYSE:URI opened at $1,000.47 on Wednesday. The firm has a market capitalization of $64.37 billion, a price-to-earnings ratio of 25.87, a price-to-earnings-growth ratio of 2.25 and a beta of 1.73. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $1,007.97. The stock's 50 day moving average price is $942.33 and its two-hundred day moving average price is $790.47. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share for the quarter, missing the consensus estimate of $10.54 by ($0.07). The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the firm earned $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. Equities research analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were issued a dividend of $1.79 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.7%. United Rentals's payout ratio is presently 18.52%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on URI shares. BNP Paribas set a $900.00 target price on United Rentals and gave the company a "neutral" rating in a research report on Tuesday, September 16th. Robert W. Baird raised United Rentals from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $888.00 to $1,050.00 in a research report on Wednesday, October 1st. BNP Paribas Exane raised United Rentals from an "underperform" rating to a "neutral" rating and set a $900.00 target price on the stock in a research report on Tuesday, September 16th. Bank of America lifted their target price on United Rentals from $895.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Finally, Argus set a $935.00 target price on United Rentals in a research report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $956.13.

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.

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