Qtron Investments LLC Sells 631 Shares of United Rentals, Inc. $URI

Key Points

• Qtron Investments LLC has reduced its stake in United Rentals, Inc. by 48.7%, selling 631 shares to hold a total of 665 shares valued at approximately $417,000.
• Several institutional investors, including NewEdge Advisors LLC and First Trust Advisors LP, have increased their positions in United Rentals, contributing to institutional ownership of 96.26%.
• United Rentals recently reported a quarterly earnings per share of $10.47, slightly below estimates, while also announcing a dividend of $1.79 per share and a yield of 0.8%.

Qtron Investments LLC reduced its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 48.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 665 shares of the construction company's stock after selling 631 shares during the period. Qtron Investments LLC's holdings in United Rentals were worth $417,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of URI. NewEdge Advisors LLC boosted its holdings in shares of United Rentals by 4.9% during the fourth quarter. NewEdge Advisors LLC now owns 2,701 shares of the construction company's stock worth $1,903,000 after purchasing an additional 127 shares during the period. Forum Financial Management LP lifted its holdings in United Rentals by 1.9% in the fourth quarter. Forum Financial Management LP now owns 749 shares of the construction company's stock worth $528,000 after buying an additional 14 shares during the period. First Trust Advisors LP lifted its holdings in United Rentals by 17.3% in the fourth quarter. First Trust Advisors LP now owns 57,610 shares of the construction company's stock worth $40,583,000 after buying an additional 8,512 shares during the period. Ossiam lifted its holdings in United Rentals by 3,727.8% in the fourth quarter. Ossiam now owns 1,378 shares of the construction company's stock worth $971,000 after buying an additional 1,342 shares during the period. Finally, Norinchukin Bank The lifted its holdings in United Rentals by 12.6% in the fourth quarter. Norinchukin Bank The now owns 3,230 shares of the construction company's stock worth $2,275,000 after buying an additional 361 shares during the period. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

URI has been the subject of several research analyst reports. Barclays raised their price objective 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. KeyCorp raised their price objective on shares of United Rentals from $865.00 to $960.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Citigroup restated a "buy" rating and issued a $810.00 price objective (up from $740.00) on shares of United Rentals in a report on Tuesday, June 24th. The Goldman Sachs Group raised their price objective on shares of United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Finally, Redburn Atlantic lowered shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price objective for the company. in a report on Friday, June 13th. One equities 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's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $834.64.

United Rentals Stock Down 1.3%

Shares of NYSE URI traded down $11.5720 on Thursday, reaching $890.2980. 365,824 shares of the company's stock traded hands, compared to its average volume of 564,898. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $933.32. The business's 50 day simple moving average is $816.79 and its two-hundred day simple moving average is $712.58. The company has a market cap of $57.28 billion, a price-to-earnings ratio of 23.02, a price-to-earnings-growth ratio of 2.08 and a beta of 1.72. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings results 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 for 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%. United Rentals's revenue was up 4.5% on a year-over-year basis. During the same period last year, the business earned $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be given a dividend of $1.79 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $7.16 annualized dividend and a dividend yield of 0.8%. United Rentals's dividend payout ratio (DPR) is 18.52%.

United Rentals Profile

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.