MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 37,050 Shares of United Rentals, Inc. $URI

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. sold 37,050 shares of United Rentals, Inc., reducing its holdings by 9.2% during the first quarter, after which it owned 367,251 shares valued at $230 million.
• Multiple analysts have set ambitious price targets for United Rentals, with Goldman Sachs raising its target from $770 to $850, while Truist Financial increased its target from $786 to $952, both maintaining "buy" ratings.
• United Rentals announced a quarterly dividend of $1.79 per share, translating to a 0.7% yield, with a payout ratio of 18.52% and governance for the FY 2025 earnings projected to be 44.8 EPS.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 9.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 367,251 shares of the construction company's stock after selling 37,050 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.57% of United Rentals worth $230,157,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TruNorth Capital Management LLC boosted its position in shares of United Rentals by 1,266.7% during the 1st quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock valued at $26,000 after acquiring an additional 38 shares during the last quarter. Fourth Dimension Wealth LLC bought a new stake in United Rentals in the first quarter worth $26,000. Migdal Insurance & Financial Holdings Ltd. lifted its position 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 worth $31,000 after buying an additional 20 shares during the last quarter. Grove Bank & Trust bought a new stake in United Rentals in the first quarter worth $36,000. Finally, NBC Securities Inc. bought a new stake in United Rentals in the first quarter worth $40,000. 96.26% of the stock is currently owned by institutional investors.

United Rentals Trading Up 1.2%

Shares of NYSE:URI traded up $11.34 on Friday, hitting $976.00. 440,181 shares of the company's stock were exchanged, compared to its average volume of 471,557. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80. The business's 50 day simple moving average is $868.94 and its two-hundred day simple moving average is $729.03. The stock has a market capitalization of $62.80 billion, a price-to-earnings ratio of 25.24, a price-to-earnings-growth ratio of 2.25 and a beta of 1.72. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $980.53.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 earnings per share for the quarter, missing the consensus estimate of $10.54 by ($0.07). The firm had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.90 billion. United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The business's revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. Analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. The Goldman Sachs Group raised their price target on United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Argus set a $935.00 price target on United Rentals in a research report on Tuesday, August 12th. Truist Financial raised their price target on United Rentals from $786.00 to $952.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Bank of America lifted their target price on United Rentals from $895.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Finally, UBS Group lifted their target price on United Rentals from $780.00 to $835.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.