Lansforsakringar Fondforvaltning AB publ Sells 6,192 Shares of United Rentals, Inc. $URI

Key Points

• Lansforsakringar Fondforvaltning AB publ has decreased its holdings in United Rentals, Inc. by 15.2%, selling 6,192 shares to own a total of 34,513 shares valued at approximately $21.6 million.
• United Rentals experienced a mixed outlook from analysts, with price targets ranging from $565 to $955, and has an overall consensus rating of "Moderate Buy."
• The company reported a net margin of 16.11% and revenue growth of 4.5% year-over-year despite missing earnings per share expectations by $0.07 in its recent quarterly earnings.

Lansforsakringar Fondforvaltning AB publ lessened its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 15.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,513 shares of the construction company's stock after selling 6,192 shares during the quarter. Lansforsakringar Fondforvaltning AB publ owned about 0.05% of United Rentals worth $21,629,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. B. Metzler seel. Sohn & Co. AG grew its position in United Rentals by 3.8% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 11,691 shares of the construction company's stock worth $7,327,000 after buying an additional 431 shares during the period. RB Capital Management LLC increased its holdings in shares of United Rentals by 0.8% during the 1st quarter. RB Capital Management LLC now owns 2,774 shares of the construction company's stock worth $1,738,000 after buying an additional 23 shares during the last quarter. Ieq Capital LLC raised its position in shares of United Rentals by 50.4% in the 1st quarter. Ieq Capital LLC now owns 2,094 shares of the construction company's stock worth $1,312,000 after buying an additional 702 shares during the period. CreativeOne Wealth LLC boosted its holdings in United Rentals by 0.9% in the first quarter. CreativeOne Wealth LLC now owns 2,272 shares of the construction company's stock valued at $1,424,000 after acquiring an additional 21 shares during the last quarter. Finally, Gabelli Funds LLC boosted its holdings in United Rentals by 6.1% in the first quarter. Gabelli Funds LLC now owns 41,900 shares of the construction company's stock valued at $26,259,000 after acquiring an additional 2,400 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Price Performance

URI traded down $9.80 on Wednesday, reaching $948.98. The company had a trading volume of 166,736 shares, compared to its average volume of 639,429. United Rentals, Inc. has a one year low of $525.91 and a one year high of $965.00. The company has a market capitalization of $61.06 billion, a P/E ratio of 24.61, a PEG ratio of 2.21 and a beta of 1.72. The company has a fifty day moving average of $855.88 and a 200-day moving average of $723.81. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34.

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 the consensus estimate 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 firm's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the company earned $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were issued a dividend of $1.79 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. United Rentals's dividend payout ratio is currently 18.52%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on URI shares. Truist Financial lifted their price objective on United Rentals from $786.00 to $952.00 and gave the company a "buy" rating in a research note on Friday, July 25th. JPMorgan Chase & Co. raised their price target on shares of United Rentals from $920.00 to $950.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. UBS Group raised their price objective on shares of United Rentals from $780.00 to $835.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Bank of America upped their target price on shares of United Rentals from $895.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Finally, Argus set a $935.00 price objective on United Rentals in a research note on Tuesday, August 12th. 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 issued a Sell rating to the company. According to data from MarketBeat, United Rentals has an average rating of "Moderate Buy" and an average target price of $842.86.

About United Rentals

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.