Northwestern Mutual Wealth Management Co. Reduces Stock Holdings in United Rentals, Inc. $URI

Key Points

• Northwestern Mutual Wealth Management Co. has reduced its holdings in United Rentals, Inc. by 50.4%, now owning 6,472 shares valued at approximately $4.05 million.
• Institutional investors hold 96.26% of United Rentals' stock, with several firms like GAMMA Investing LLC and JPMorgan Chase & Co. significantly increasing their stakes during the first quarter.
• United Rentals recently reported earnings of $10.47 per share, missing expectations, while its revenue showed a 4.5% year-over-year increase to $3.94 billion.

Northwestern Mutual Wealth Management Co. decreased its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 50.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,472 shares of the construction company's stock after selling 6,588 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in United Rentals were worth $4,055,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of United Rentals by 58.2% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 128,850 shares of the construction company's stock valued at $80,750,000 after acquiring an additional 47,396 shares during the last quarter. Sax Wealth Advisors LLC boosted its position in shares of United Rentals by 43.9% during the 1st quarter. Sax Wealth Advisors LLC now owns 688 shares of the construction company's stock valued at $431,000 after acquiring an additional 210 shares during the last quarter. AlphaQuest LLC lifted its position in United Rentals by 28.8% in the first quarter. AlphaQuest LLC now owns 1,493 shares of the construction company's stock valued at $936,000 after buying an additional 334 shares during the last quarter. Compound Planning Inc. lifted its position in United Rentals by 6.9% in the first quarter. Compound Planning Inc. now owns 655 shares of the construction company's stock valued at $411,000 after buying an additional 42 shares during the last quarter. Finally, Norinchukin Bank The lifted its position in United Rentals by 16.1% in the first quarter. Norinchukin Bank The now owns 3,750 shares of the construction company's stock valued at $2,350,000 after buying an additional 520 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.

Wall Street Analyst Weigh In

URI has been the topic of a number of recent analyst reports. Barclays upped their target price on shares of United Rentals from $565.00 to $620.00 and gave the company an "underweight" rating in a research report on Monday, July 21st. The Goldman Sachs Group upped their target price on shares of United Rentals from $770.00 to $850.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. UBS Group upped their target price on shares of United Rentals from $780.00 to $835.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Evercore ISI reaffirmed an "outperform" rating on shares of United Rentals in a research report on Tuesday, August 19th. Finally, KeyCorp upped their target price on shares of United Rentals from $960.00 to $1,075.00 and gave the company an "overweight" rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $842.86.

United Rentals Stock Up 0.3%

Shares of URI traded up $2.54 during mid-day trading on Friday, hitting $957.78. 508,051 shares of the company's stock were exchanged, compared to its average volume of 478,153. The company has a market cap of $61.62 billion, a price-to-earnings ratio of 24.77, a P/E/G ratio of 2.21 and a beta of 1.72. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $961.16. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86. The stock's 50-day moving average is $846.74 and its 200-day moving average is $720.66.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly 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 business had revenue of $3.94 billion for the quarter, compared to analyst estimates 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 for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were issued a $1.79 dividend. 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 (DPR) is 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.