Livforsakringsbolaget Skandia Omsesidigt Sells 19,900 Shares of United Rentals, Inc. $URI

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 reduced its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 97.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of URI. Fourth Dimension Wealth LLC bought a new position in United Rentals in the first quarter valued at approximately $26,000. TruNorth Capital Management LLC grew its stake in United Rentals by 1,266.7% in the first 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 bought a new position in United Rentals in the first quarter valued at approximately $30,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in United Rentals by 69.0% in the first 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 bought a new position in United Rentals in the first quarter valued at approximately $36,000. 96.26% of the stock is currently owned by institutional investors.

United Rentals Stock Up 2.6%

Shares of United Rentals stock traded up $24.19 on Tuesday, hitting $967.61. The company had a trading volume of 129,582 shares, compared to its average volume of 632,940. The stock has a market capitalization of $62.26 billion, a price-to-earnings ratio of 24.99, a P/E/G ratio of 2.18 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 stock has a 50 day moving average of $903.12 and a 200-day moving average of $753.32. 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 earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.90 billion. During the same period in the prior year, the company earned $10.70 earnings per share. The business'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 forecast that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Argus set a $935.00 price target on United Rentals in a research note on Tuesday, August 12th. JPMorgan Chase & Co. raised their price objective on United Rentals from $1,000.00 to $1,150.00 and gave the company an "overweight" rating in a research report on Monday. Morgan Stanley raised their price objective on United Rentals from $702.00 to $955.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Evercore ISI reissued an "outperform" rating on shares of United Rentals in a report on Tuesday, August 19th. Finally, BNP Paribas set a $900.00 price target on United Rentals and gave the stock a "neutral" rating in a report on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $908.25.

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.