United Rentals, Inc. $URI Shares Sold by Livforsakringsbolaget Skandia Omsesidigt

Key Points

• Livforsakringsbolaget Skandia Omsesidigt sold 19,900 shares of United Rentals, Inc., reducing its stake by 97.6%, leaving it with only 497 shares valued at $374,000.
• United Rentals reported a EPS of $10.47 for the last quarter, missing estimates by $0.07, while revenue increased by 4.5% year-over-year to $3.94 billion.
• The company declared a quarterly dividend of $1.79, representing a yield of 0.8%, and has set a fiscal year 2025 EPS guide, with current analyst expectations at 44.8 EPS.

Livforsakringsbolaget Skandia Omsesidigt cut its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 97.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 497 shares of the construction company's stock after selling 19,900 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in United Rentals were worth $374,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC acquired a new stake in United Rentals during the 1st quarter worth approximately $26,000. TruNorth Capital Management LLC raised its holdings in shares of United Rentals by 1,266.7% in the 1st quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock valued at $26,000 after purchasing an additional 38 shares in the last quarter. Flaharty Asset Management LLC acquired a new stake in shares of United Rentals in the 1st quarter valued at $30,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of United Rentals by 69.0% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock valued at $31,000 after purchasing an additional 20 shares in the last quarter. Finally, Grove Bank & Trust acquired a new stake in shares of United Rentals in the 1st quarter valued at $36,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Price Performance

URI stock traded down $1.53 during trading on Friday, reaching $941.26. 1,035,014 shares of the company were exchanged, compared to its average volume of 515,625. The company has a market cap of $60.56 billion, a P/E ratio of 24.34, a PEG ratio of 2.18 and a beta of 1.72. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $980.53. The stock's 50 day moving average price is $900.44 and its 200 day moving average price is $750.25. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86.

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

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were given 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 of this dividend was Wednesday, August 13th. United Rentals's payout ratio is currently 18.52%.

Analyst Upgrades and Downgrades

URI has been the topic of a number of analyst reports. Barclays raised their price objective on shares of United Rentals from $565.00 to $620.00 and gave the company an "underweight" rating in a report on Monday, July 21st. Truist Financial lifted their price target on shares of United Rentals from $786.00 to $952.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Argus set a $935.00 price target on shares of United Rentals in a research note on Tuesday, August 12th. BNP Paribas Exane upgraded shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $900.00 price target on the stock in a research note on Tuesday. Finally, Morgan Stanley lifted their price target on shares of United Rentals from $702.00 to $955.00 and gave the stock 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 issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $850.00.

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.