MetLife Investment Management LLC Sells 410 Shares of United Rentals, Inc. $URI

Key Points

• MetLife Investment Management LLC sold 410 shares of United Rentals, reducing its stake by 2.3%, leaving it with 17,657 shares valued at approximately $11.07 million.
• United Rentals recently reported earnings per share of $10.47, slightly missing estimates, but its revenue increased by 4.5% year-over-year, reaching $3.94 billion.
• The company announced a $1.79 quarterly dividend with an annual yield of 0.8%, demonstrating a payout ratio of 18.52% and an upcoming payment date set for August 27th.

MetLife Investment Management LLC decreased its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 2.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,657 shares of the construction company's stock after selling 410 shares during the period. MetLife Investment Management LLC's holdings in United Rentals were worth $11,066,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in URI. Integrated Wealth Concepts LLC lifted its stake in United Rentals by 7.6% in the 4th quarter. Integrated Wealth Concepts LLC now owns 382 shares of the construction company's stock valued at $269,000 after purchasing an additional 27 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in United Rentals in the 4th quarter valued at approximately $844,000. Johnson Financial Group Inc. lifted its stake in United Rentals by 77.2% in the 4th quarter. Johnson Financial Group Inc. now owns 140 shares of the construction company's stock valued at $106,000 after purchasing an additional 61 shares during the last quarter. Quarry LP bought a new position in United Rentals in the 4th quarter valued at approximately $54,000. Finally, Northern Trust Corp lifted its stake in United Rentals by 15.4% in the 4th quarter. Northern Trust Corp now owns 656,053 shares of the construction company's stock valued at $462,150,000 after purchasing an additional 87,617 shares during the last quarter. Institutional investors own 96.26% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on URI. Argus set a $935.00 price objective on shares of United Rentals in a research note on Tuesday, August 12th. Bank of America boosted their target price on shares of United Rentals from $895.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Barclays boosted their target price on shares of United Rentals from $565.00 to $620.00 and gave the stock an "underweight" rating in a report on Monday, July 21st. Evercore ISI reissued an "outperform" rating on shares of United Rentals in a report on Tuesday, August 19th. Finally, UBS Group boosted their target price 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. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, United Rentals currently has an average rating of "Moderate Buy" and a consensus price target of $834.64.

United Rentals Stock Up 0.7%

NYSE URI traded up $6.94 on Thursday, hitting $956.28. 527,669 shares of the company were exchanged, compared to its average volume of 481,679. The company has a market cap of $61.53 billion, a PE ratio of 24.73, a PEG ratio of 2.19 and a beta of 1.72. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $960.00. The stock has a fifty day moving average of $841.69 and a 200-day moving average of $719.42. 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 issued 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). The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The firm's revenue was up 4.5% compared to the same quarter last year. 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, analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were paid a dividend of $1.79 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $7.16 annualized dividend and a yield of 0.7%. United Rentals's dividend payout ratio is currently 18.52%.

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.