Avanza Fonder AB Sells 627 Shares of United Rentals, Inc. $URI

Key Points

• Avanza Fonder AB has reduced its stake in United Rentals, Inc. by 12.2%, selling 627 shares as reported in their latest 13F filing, leaving them with 4,509 shares valued at approximately $3.4 million.
• United Rentals recently reported a quarterly EPS of $10.47, which was below analyst estimates, even though their revenue of $3.94 billion surpassed expectations.
• The company announced a quarterly dividend of $1.79, reflecting a 0.8% dividend yield, and has set a FY 2025 earnings guidance of 44.8 EPS.

Avanza Fonder AB decreased its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 12.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,509 shares of the construction company's stock after selling 627 shares during the quarter. Avanza Fonder AB's holdings in United Rentals were worth $3,397,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB lifted its holdings in 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 buying an additional 13 shares in the last quarter. American Trust raised its holdings in shares of 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 purchasing an additional 14 shares in the last quarter. CX Institutional raised its holdings in shares of 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 purchasing an additional 14 shares in the last quarter. Centaurus Financial Inc. raised its holdings in shares of United Rentals by 1.7% in the 4th quarter. Centaurus Financial Inc. now owns 999 shares of the construction company's stock valued at $704,000 after purchasing an additional 17 shares in the last quarter. Finally, Leavell Investment Management Inc. raised its holdings in shares of 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 purchasing an additional 18 shares in the last quarter. Institutional investors own 96.26% of the company's stock.

United Rentals Stock Down 0.2%

URI stock opened at $941.26 on Monday. The firm's fifty day simple moving average is $900.44 and its 200-day simple moving average is $751.12. The company has a market capitalization of $60.56 billion, a P/E ratio of 24.34, a price-to-earnings-growth ratio of 2.18 and a beta of 1.72. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $980.53.

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

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were issued a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 13th. United Rentals's dividend payout ratio is 18.52%.

Wall Street Analyst Weigh In

URI has been the subject of several recent research reports. Truist Financial boosted their price target on shares of United Rentals from $786.00 to $952.00 and gave the company a "buy" rating in a report on Friday, July 25th. BNP Paribas Exane upgraded shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $900.00 price target for the company in a report on Tuesday, September 16th. Citigroup restated a "buy" rating and issued a $810.00 price target (up previously from $740.00) on shares of United Rentals in a report on Tuesday, June 24th. Bank of America boosted their price objective on shares of United Rentals from $895.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Finally, The Goldman Sachs Group boosted their price objective on shares of United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $850.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.