EFG Asset Management North America Corp. Sells 1,596 Shares of United Rentals, Inc. $URI

Key Points

• EFG Asset Management North America Corp. reduced its holdings in United Rentals by 37.6% during the first quarter, leaving it with 2,653 shares valued at approximately $1,662,000.
• United Rentals reported earnings of $10.47 per share for the last quarter, missing analysts' estimates by ($0.07), though they achieved a revenue of $3.94 billion, slightly exceeding expectations.
• The company announced a quarterly dividend of $1.79 per share with an annualized yield of 0.7%, marking a dividend payout ratio of 18.52%.

EFG Asset Management North America Corp. lowered its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 37.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,653 shares of the construction company's stock after selling 1,596 shares during the period. EFG Asset Management North America Corp.'s holdings in United Rentals were worth $1,662,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Centaurus Financial Inc. increased its position in United Rentals by 1.7% in the 4th quarter. Centaurus Financial Inc. now owns 999 shares of the construction company's stock worth $704,000 after purchasing an additional 17 shares during the last quarter. Leavell Investment Management Inc. boosted its stake in shares of United Rentals by 3.6% during the 1st quarter. Leavell Investment Management Inc. now owns 515 shares of the construction company's stock worth $323,000 after acquiring an additional 18 shares in the last quarter. Baer Investment Advisory LLC boosted its stake in shares of United Rentals by 0.6% during the 1st quarter. Baer Investment Advisory LLC now owns 3,202 shares of the construction company's stock worth $2,007,000 after acquiring an additional 18 shares in the last quarter. HBK Sorce Advisory LLC boosted its stake in shares of United Rentals by 4.0% during the 1st quarter. HBK Sorce Advisory LLC now owns 490 shares of the construction company's stock worth $307,000 after acquiring an additional 19 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its stake in United Rentals by 27.5% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 88 shares of the construction company's stock valued at $55,000 after purchasing an additional 19 shares during the period. Institutional investors own 96.26% of the company's stock.

Analyst Upgrades and Downgrades

URI has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their target price on United Rentals from $920.00 to $950.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Barclays increased their target price on United Rentals from $565.00 to $620.00 and gave the company an "underweight" rating in a research note on Monday, July 21st. Redburn Atlantic downgraded United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 target price for the company. in a research note on Friday, June 13th. The Goldman Sachs Group increased 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. Finally, Morgan Stanley increased their target price on United Rentals from $702.00 to $955.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $842.86.

United Rentals Price Performance

URI stock traded up $11.34 during midday trading on Friday, reaching $976.00. 440,181 shares of the company's stock traded hands, compared to its average volume of 471,557. The company has a 50-day simple moving average of $868.94 and a two-hundred day simple moving average of $729.03. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $980.53. The company has a market cap of $62.80 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 2.25 and a beta of 1.72. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34.

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

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, August 13th. United Rentals's dividend payout ratio (DPR) is presently 18.52%.

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.