Candriam S.C.A. Sells 13,634 Shares of United Rentals, Inc. $URI

Key Points

• Candriam S.C.A. reduced its stake in United Rentals, Inc. by 45.4%, selling 13,634 shares and holding 16,373 shares post-sale, with holdings valued at $10,261,000.
• Several institutions, including JPMorgan Chase & Co. and Vanguard Group, increased their positions in United Rentals, reflecting a strong interest among institutional investors who own 96.26% of the stock.
• United Rentals reported EPS of $10.47, missing estimates, with a 4.5% year-over-year revenue increase, alongside a recently announced quarterly dividend of $1.79 per share.

Candriam S.C.A. trimmed its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 45.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,373 shares of the construction company's stock after selling 13,634 shares during the period. Candriam S.C.A.'s holdings in United Rentals were worth $10,261,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of United Rentals by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 7,422,036 shares of the construction company's stock valued at $4,651,390,000 after buying an additional 29,501 shares during the period. JPMorgan Chase & Co. increased its stake 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 buying an additional 541,579 shares during the period. GAMMA Investing LLC increased its stake in shares of 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 period. Goldman Sachs Group Inc. increased its stake in shares of United Rentals by 22.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 661,251 shares of the construction company's stock valued at $414,406,000 after buying an additional 120,449 shares during the period. Finally, Northern Trust Corp increased its stake in shares of United Rentals by 0.8% in the 1st quarter. Northern Trust Corp now owns 661,166 shares of the construction company's stock valued at $414,353,000 after buying an additional 5,113 shares during the period. 96.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on URI. The Goldman Sachs Group lifted their target price on United Rentals from $770.00 to $850.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. Evercore ISI reissued an "outperform" rating on shares of United Rentals in a research note on Tuesday, August 19th. Bank of America lifted their target price on United Rentals from $895.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Argus set a $935.00 target price on United Rentals in a research note on Tuesday, August 12th. Finally, KeyCorp lifted their price objective on United Rentals from $865.00 to $960.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $834.64.

United Rentals Trading Up 4.5%

URI stock traded up $39.6690 during midday trading on Friday, hitting $929.7890. 767,803 shares of the company's stock were exchanged, compared to its average volume of 498,212. The stock's fifty day moving average price is $821.49 and its 200-day moving average price is $713.38. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86. The company has a market cap of $59.82 billion, a PE ratio of 24.04, a price-to-earnings-growth ratio of 2.15 and a beta of 1.72. United Rentals, Inc. has a one year low of $525.91 and a one year high of $937.45.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing analysts' consensus estimates of $10.54 by ($0.07). The firm had revenue of $3.94 billion during 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 business's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. Research analysts predict 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 will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th will be issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, August 13th. United Rentals's payout ratio is 18.52%.

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.