BDF Gestion Trims Stock Holdings in United Rentals, Inc. $URI

Key Points

• BDF Gestion has reduced its holdings in United Rentals, Inc. by 9.8%, owning 3,698 shares worth approximately $2.79 million after selling 404 shares in the second quarter.
• United Rentals reported a quarterly earnings per share (EPS) of $10.47, falling slightly short of analyst expectations of $10.54, meanwhile their revenue was up 4.5% from last year.
• The company's stock is highly rated by Wall Street, with one analyst giving it a "Strong Buy" rating and a consensus price target of $850.00.

BDF Gestion lessened its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 9.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,698 shares of the construction company's stock after selling 404 shares during the quarter. BDF Gestion's holdings in United Rentals were worth $2,786,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in URI. TruNorth Capital Management LLC lifted its holdings in shares of United Rentals by 1,266.7% in the 1st quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock worth $26,000 after acquiring an additional 38 shares during the last quarter. Fourth Dimension Wealth LLC purchased a new stake in United Rentals in the first quarter valued at approximately $26,000. Flaharty Asset Management LLC acquired a new position in United Rentals during the first quarter worth $30,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in United Rentals by 69.0% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock worth $31,000 after purchasing an additional 20 shares in the last quarter. Finally, Grove Bank & Trust purchased a new position in shares of United Rentals during the first quarter worth $36,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Performance

Shares of United Rentals stock opened at $941.26 on Friday. The business has a 50-day simple moving average of $900.44 and a 200-day simple moving average of $749.45. The company has a market cap of $60.56 billion, a PE ratio of 24.34, a P/E/G ratio of 2.18 and a beta of 1.72. United Rentals, Inc. has a one year low of $525.91 and a one year high of $980.53. 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 issued its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $10.54 by ($0.07). United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The firm had revenue of $3.94 billion during the quarter, compared to analysts' expectations of $3.90 billion. During the same quarter in the prior year, the firm earned $10.70 EPS. The firm's revenue was up 4.5% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were paid a dividend of $1.79 per share. The ex-dividend date was Wednesday, August 13th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. United Rentals's payout ratio is presently 18.52%.

Wall Street Analysts Forecast Growth

URI has been the topic of several research reports. Redburn Atlantic lowered United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 target price on the stock. in a research note on Friday, June 13th. KeyCorp boosted their price target on shares of United Rentals from $960.00 to $1,075.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. Citigroup reissued a "buy" rating and issued a $810.00 price objective (up previously from $740.00) on shares of United Rentals in a research note on Tuesday, June 24th. Truist Financial lifted their price objective 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. Finally, BNP Paribas Exane raised shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $900.00 target price on the stock in a research note on Tuesday. One 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company 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.

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