Generali Asset Management SPA SGR Sells 2,766 Shares of United Rentals, Inc. $URI

Key Points

• Generali Asset Management SPA SGR has significantly reduced its holdings in United Rentals, Inc. by 75.1%, now owning only 917 shares after selling 2,766 shares.
• Vanguard Group and JPMorgan Chase are notable institutional investors increasing their stakes in United Rentals, with Vanguard holding over 7.4 million shares and JPMorgan increasing holdings by 98.1%.
• The stock currently has a consensus rating of "Moderate Buy" among analysts, with a price target ranging from $956.13 to as high as $1,050.00 according to recent reports.

Generali Asset Management SPA SGR lowered its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 75.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 917 shares of the construction company's stock after selling 2,766 shares during the period. Generali Asset Management SPA SGR's holdings in United Rentals were worth $691,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of United Rentals by 0.4% during the first quarter. Vanguard Group Inc. now owns 7,422,036 shares of the construction company's stock valued at $4,651,390,000 after acquiring an additional 29,501 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in United Rentals by 98.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company's stock valued at $685,488,000 after purchasing an additional 541,579 shares during the period. The Manufacturers Life Insurance Company increased its holdings in United Rentals by 28.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 849,786 shares of the construction company's stock valued at $532,561,000 after purchasing an additional 190,007 shares during the period. Goldman Sachs Group Inc. increased its holdings in United Rentals by 22.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 661,251 shares of the construction company's stock valued at $414,406,000 after purchasing an additional 120,449 shares during the period. Finally, Northern Trust Corp increased its holdings in United Rentals by 0.8% during the 1st quarter. Northern Trust Corp now owns 661,166 shares of the construction company's stock valued at $414,353,000 after purchasing an additional 5,113 shares during the period. Hedge funds and other institutional investors own 96.26% of the company's stock.

Analyst Upgrades and Downgrades

URI has been the topic of a number of research analyst reports. Evercore ISI restated an "outperform" rating on shares of United Rentals in a report on Tuesday, August 19th. Weiss Ratings restated a "hold (c+)" rating on shares of United Rentals in a report on Wednesday, October 8th. Robert W. Baird raised shares of United Rentals from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $888.00 to $1,050.00 in a research report on Wednesday, October 1st. Morgan Stanley raised their target price on shares of United Rentals from $702.00 to $955.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Finally, Baird R W raised shares of United Rentals from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $956.13.

United Rentals Trading Down 2.6%

Shares of NYSE URI opened at $979.96 on Friday. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $1,021.47. The stock has a market cap of $63.05 billion, a P/E ratio of 25.34, a price-to-earnings-growth ratio of 2.32 and a beta of 1.73. The firm has a 50-day moving average of $950.90 and a 200 day moving average of $797.07. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80.

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 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 analysts' expectations of $3.90 billion. During the same period last year, the business earned $10.70 earnings per share. The company's revenue was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, August 13th. United Rentals's dividend payout ratio (DPR) 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.

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