Ameriprise Financial Inc. Has $41.67 Million Stock Position in United Rentals, Inc. $URI

Key Points

• Ameriprise Financial Inc. sold 6,092 shares of United Rentals, Inc., reducing its stake by 8.4%, leaving it with 66,492 shares valued at approximately $41.67 million.
• United Rentals recently reported a net margin of 16.11% and earnings per share (EPS) of $10.47, missing analysts' estimates by $0.07, despite revenues exceeding expectations at $3.94 billion.
• The company announced a quarterly dividend of $1.79, which translates to an annualized dividend yield of 0.7% and a payout ratio of 18.52%.

Ameriprise Financial Inc. cut its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 8.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,492 shares of the construction company's stock after selling 6,092 shares during the quarter. Ameriprise Financial Inc. owned 0.10% of United Rentals worth $41,670,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of URI. Vanguard Group Inc. lifted its stake in United Rentals by 0.4% during the first quarter. Vanguard Group Inc. now owns 7,422,036 shares of the construction company's stock worth $4,651,390,000 after purchasing an additional 29,501 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of United Rentals by 98.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company's stock valued at $685,488,000 after purchasing an additional 541,579 shares during the period. GAMMA Investing LLC grew its stake in United Rentals by 77,674.5% in the 1st quarter. GAMMA Investing LLC now owns 887,407 shares of the construction company's stock valued at $556,138,000 after buying an additional 886,266 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of United Rentals by 22.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 661,251 shares of the construction company's stock worth $414,406,000 after purchasing an additional 120,449 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of United Rentals by 0.8% during the 1st quarter. Northern Trust Corp now owns 661,166 shares of the construction company's stock worth $414,353,000 after acquiring an additional 5,113 shares during the period. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Stock Down 0.2%

Shares of URI traded down $1.63 during midday trading on Tuesday, hitting $954.72. The company had a trading volume of 274,667 shares, compared to its average volume of 641,099. The company's 50-day simple moving average is $851.57 and its 200-day simple moving average is $722.18. The firm has a market capitalization of $61.43 billion, a P/E ratio of 24.69, a P/E/G ratio of 2.21 and a beta of 1.72. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $961.16. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86.

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 analysts' consensus estimates of $10.54 by ($0.07). United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The business had revenue of $3.94 billion during the quarter, compared to analysts' expectations of $3.90 billion. During the same quarter last year, the firm earned $10.70 earnings per share. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were given a $1.79 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $7.16 annualized dividend and a dividend yield of 0.7%. United Rentals's dividend payout ratio (DPR) is presently 18.52%.

Wall Street Analysts Forecast Growth

URI has been the subject of several recent analyst reports. Redburn Atlantic cut shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price objective for the company. in a research report on Friday, June 13th. Morgan Stanley upped their price target on shares of United Rentals from $702.00 to $955.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Barclays increased their price objective on shares of United Rentals from $565.00 to $620.00 and gave the company an "underweight" rating in a research report on Monday, July 21st. UBS Group raised their target price on shares of United Rentals from $780.00 to $835.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Finally, Argus set a $935.00 price objective on shares of United Rentals in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, United Rentals presently has an average rating of "Moderate Buy" and an average price target of $842.86.

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.