Swedbank AB Cuts Position in United Rentals, Inc. $URI

Key Points

• Swedbank AB reduced its stake in United Rentals, Inc. by 3.4%, holding 49,485 shares valued at approximately $31 million as of the latest SEC filing.
• Analysts have mixed opinions on United Rentals; while some raised their price targets, others downgraded the stock, resulting in a consensus rating of "Moderate Buy" with an average price target of $842.86.
• United Rentals reported earnings of $10.47 per share in the last quarter, slightly missing the consensus estimate, along with a revenue increase of 4.5% year-over-year.

Swedbank AB lessened its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 3.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,485 shares of the construction company's stock after selling 1,744 shares during the quarter. Swedbank AB owned about 0.08% of United Rentals worth $31,012,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of URI. TruNorth Capital Management LLC lifted its position 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 worth $26,000 after buying 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. Flaharty Asset Management LLC bought a new stake in United Rentals in the first quarter worth $30,000. 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. Finally, Grove Bank & Trust bought a new stake in United Rentals in the first quarter worth $36,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on URI. 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. KeyCorp boosted their price objective on United Rentals from $960.00 to $1,075.00 and gave the company an "overweight" rating in a report on Friday, August 29th. Bank of America boosted their price objective on United Rentals from $895.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, July 24th. UBS Group boosted their price objective on United Rentals from $780.00 to $835.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Finally, Redburn Atlantic cut 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 issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $842.86.

United Rentals Price Performance

Shares of URI stock opened at $938.61 on Friday. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $980.53. The stock has a market capitalization of $60.39 billion, a price-to-earnings ratio of 24.27, a P/E/G ratio of 2.22 and a beta of 1.72. The stock has a fifty day simple moving average of $886.34 and a two-hundred day simple moving average of $739.17. 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 for the quarter, missing the consensus estimate of $10.54 by ($0.07). United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The firm had revenue of $3.94 billion during the quarter, compared to analysts' expectations of $3.90 billion. During the same quarter in the prior year, the company posted $10.70 earnings per share. United Rentals's quarterly revenue was up 4.5% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. On average, analysts predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were given a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 13th. United Rentals's payout ratio is presently 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.

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