BI Asset Management Fondsmaeglerselskab A S Sells 16,014 Shares of United Rentals, Inc. $URI

Key Points

• BI Asset Management Fondsmaeglerselskab A S reduced its holdings in United Rentals, Inc. by 47.9%, selling 16,014 shares and leaving it with a total of 17,421 shares valued at approximately $10.9 million.
• Several major hedge funds, including Vanguard Group and JPMorgan Chase, increased their stakes in United Rentals significantly during the first quarter, highlighting strong institutional interest in the company.
• United Rentals reported earnings of $10.47 per share for the last quarter, slightly missing analysts' expectations, but achieved a revenue of $3.94 billion, exceeding forecasts.

BI Asset Management Fondsmaeglerselskab A S cut its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 47.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,421 shares of the construction company's stock after selling 16,014 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in United Rentals were worth $10,918,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

United Rentals Stock Up 4.5%

NYSE URI traded up $39.6690 during midday trading on Friday, hitting $929.7890. 767,803 shares of the company traded hands, compared to its average volume of 503,462. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80. The company has a market cap of $59.82 billion, a PE ratio of 24.04, a price-to-earnings-growth ratio of 2.06 and a beta of 1.72. The company's 50-day simple moving average is $821.49 and its 200-day simple moving average is $713.79. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $937.45.

United Rentals (NYSE:URI - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) 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 the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business posted $10.70 EPS. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 13th. United Rentals's dividend payout ratio (DPR) is 18.52%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on URI. Morgan Stanley increased their price target on United Rentals from $702.00 to $955.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Robert W. Baird increased their price target on United Rentals from $535.00 to $571.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. KeyCorp increased their price target on United Rentals from $865.00 to $960.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Cfra Research raised United Rentals to a "strong-buy" rating in a research note on Friday, April 25th. Finally, The Goldman Sachs Group increased their price objective on United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, United Rentals presently has an average rating of "Moderate Buy" and an average price target of $834.64.

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.