Swedbank AB Acquires 5,899 Shares of United Rentals, Inc. $URI

Key Points

• Swedbank AB increased its stake in United Rentals, Inc. by 11.9% during Q2, holding 55,384 shares valued at approximately $41.73 million.
• United Rentals reported $10.47 earnings per share (EPS) for the last quarter, which was below analyst expectations, despite a revenue increase of 4.5% year-over-year to $3.94 billion.
• The construction company declared a quarterly dividend of $1.79 per share, translating to a yield of 0.8% and a payout ratio of 18.52%.

Swedbank AB boosted its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 11.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,384 shares of the construction company's stock after buying an additional 5,899 shares during the quarter. Swedbank AB owned approximately 0.09% of United Rentals worth $41,726,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Elevation Point Wealth Partners LLC grew its holdings in shares of United Rentals by 32.9% during the first quarter. Elevation Point Wealth Partners LLC now owns 2,220 shares of the construction company's stock worth $1,391,000 after purchasing an additional 550 shares during the last quarter. Dynamic Advisor Solutions LLC acquired a new stake in shares of United Rentals in the first quarter valued at $602,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of United Rentals by 12.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,160 shares of the construction company's stock valued at $4,488,000 after buying an additional 789 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of United Rentals by 101.6% in the first quarter. Farther Finance Advisors LLC now owns 859 shares of the construction company's stock valued at $543,000 after buying an additional 433 shares in the last quarter. Finally, Brookwood Investment Group LLC acquired a new stake in shares of United Rentals in the first quarter valued at $2,966,000. Institutional investors and hedge funds own 96.26% of the company's stock.

Analyst Upgrades and Downgrades

URI has been the subject of a number of research reports. BNP Paribas Exane upgraded United Rentals from an "underperform" rating to a "neutral" rating and set a $900.00 target price for the company in a research note on Tuesday, September 16th. Evercore ISI restated an "outperform" rating on shares of United Rentals in a research report on Tuesday, August 19th. Redburn Atlantic downgraded United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 target price for the company. in a research report on Friday, June 13th. Citigroup boosted their target price on United Rentals from $1,000.00 to $1,080.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Argus set a $935.00 target price on United Rentals in a research report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $908.25.

United Rentals Trading Up 2.7%

NYSE URI traded up $25.21 on Tuesday, reaching $968.63. The company had a trading volume of 83,198 shares, compared to its average volume of 632,734. The stock's 50 day moving average is $903.12 and its 200-day moving average is $753.32. The stock has a market cap of $62.32 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 2.18 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, Inc. has a 52 week low of $525.91 and a 52 week 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 EPS for the quarter, missing analysts' consensus estimates of $10.54 by ($0.07). United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter in the prior year, the company posted $10.70 EPS. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. Equities analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders 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 dividend payout ratio 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.