B. Metzler seel. Sohn & Co. AG Boosts Stake in United Rentals, Inc. $URI

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in United Rentals, Inc. by 3.8% during Q1, now holding 11,691 shares valued at approximately $7.3 million.
• United Rentals reported quarterly earnings of $10.47 per share, falling short of the consensus estimate of $10.54, despite a 4.5% year-over-year revenue increase to $3.94 billion.
• The company announced a quarterly dividend of $1.79 per share, translating to an annual yield of 0.8%, with a current payout ratio of 18.52%.

B. Metzler seel. Sohn & Co. AG boosted its position in United Rentals, Inc. (NYSE:URI - Free Report) by 3.8% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 11,691 shares of the construction company's stock after purchasing an additional 431 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in United Rentals were worth $7,327,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in United Rentals by 0.4% in the 1st 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 in the last quarter. JPMorgan Chase & Co. grew its position in shares of United Rentals by 98.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company's stock valued at $685,488,000 after acquiring an additional 541,579 shares during the period. GAMMA Investing LLC grew its position in shares of United Rentals by 77,674.5% during the 1st quarter. GAMMA Investing LLC now owns 887,407 shares of the construction company's stock valued at $556,138,000 after acquiring an additional 886,266 shares during the period. 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 valued at $414,406,000 after acquiring an additional 120,449 shares during the period. Finally, Northern Trust Corp grew its position 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 valued at $414,353,000 after acquiring an additional 5,113 shares during the period. 96.26% of the stock is owned by institutional investors.

United Rentals Price Performance

NYSE:URI traded down $11.15 during trading hours on Tuesday, hitting $945.19. The stock had a trading volume of 175,945 shares, compared to its average volume of 640,388. The company has a 50 day simple moving average of $851.57 and a two-hundred day simple moving average of $722.18. 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 one year low of $525.91 and a one year high of $961.16. The firm has a market capitalization of $60.81 billion, a price-to-earnings ratio of 24.52, a P/E/G ratio of 2.21 and a beta of 1.72.

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

United Rentals Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on URI shares. Argus set a $935.00 target price on shares of United Rentals in a research report on Tuesday, August 12th. The Goldman Sachs Group increased their target price on shares of United Rentals from $770.00 to $850.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. KeyCorp increased their target price on shares of United Rentals from $960.00 to $1,075.00 and gave the company an "overweight" rating in a research report on Friday. Truist Financial increased their target price on shares of United Rentals from $786.00 to $952.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Finally, JPMorgan Chase & Co. raised their price objective on shares of United Rentals from $920.00 to $950.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. One research 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, United Rentals has a consensus rating of "Moderate Buy" and an average price target of $842.86.

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.