First Hawaiian Bank Cuts Stake in United Rentals, Inc. $URI

Key Points

• First Hawaiian Bank has significantly reduced its stake in United Rentals, Inc. by 60.5%, now owning 2,095 shares valued at approximately $1.31 million.
• United Rentals reported an earnings per share (EPS) of $10.47 for the latest quarter, missing expectations by $0.07, but achieved a revenue of $3.94 billion.
• A recent quarterly dividend of $1.79 was announced, representing an annualized yield of 0.8% with a payout ratio of 18.52%.

First Hawaiian Bank lowered its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 60.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,095 shares of the construction company's stock after selling 3,215 shares during the period. First Hawaiian Bank's holdings in United Rentals were worth $1,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Elevation Point Wealth Partners LLC increased its holdings in United Rentals by 32.9% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 2,220 shares of the construction company's stock valued at $1,391,000 after acquiring an additional 550 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new stake in shares of United Rentals in the first quarter worth about $602,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of United Rentals by 12.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,160 shares of the construction company's stock worth $4,488,000 after buying an additional 789 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in United Rentals by 101.6% during the first quarter. Farther Finance Advisors LLC now owns 859 shares of the construction company's stock valued at $543,000 after buying an additional 433 shares during the last quarter. Finally, Brookwood Investment Group LLC purchased a new position in United Rentals during the 1st quarter valued at approximately $2,966,000. Institutional investors own 96.26% of the company's stock.

United Rentals Stock Performance

United Rentals stock opened at $938.61 on Friday. 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 firm has a market capitalization of $60.39 billion, a P/E ratio of 24.27, a price-to-earnings-growth ratio of 2.22 and a beta of 1.72. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $980.53. The company's 50-day moving average is $886.34 and its 200 day moving average is $739.17.

United Rentals (NYSE:URI - Get Free Report) last released its 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). United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same period in the prior year, the company posted $10.70 EPS. The company's quarterly revenue was up 4.5% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. Research analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. UBS Group increased their target price on United Rentals from $780.00 to $835.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Citigroup reiterated a "buy" rating and set a $810.00 price objective (up previously from $740.00) on shares of United Rentals in a research report on Tuesday, June 24th. JPMorgan Chase & Co. boosted their target price 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. Morgan Stanley increased their price target on shares of United Rentals from $702.00 to $955.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Finally, Barclays lifted their price target on United Rentals from $565.00 to $620.00 and gave the stock an "underweight" rating in a research report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, United Rentals presently has an average rating of "Moderate Buy" and an average price target of $842.86.

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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