United Rentals, Inc. $URI Shares Sold by T. Rowe Price Investment Management Inc.

Key Points

• T. Rowe Price Investment Management Inc. reduced its stake in United Rentals, Inc. by 65.7% in the first quarter, currently holding 161,819 shares worth approximately $101.4 million.
• Analysts have boosted their price targets for United Rentals, with Truist Financial now setting it at $952.00 and several others maintaining "buy" ratings, contributing to a consensus rating of "Moderate Buy".
• United Rentals recently declared a quarterly dividend of $1.79, with an annualized yield of 0.8%, to be paid out to stockholders of record on August 13th.

T. Rowe Price Investment Management Inc. trimmed its position in United Rentals, Inc. (NYSE:URI - Free Report) by 65.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 161,819 shares of the construction company's stock after selling 310,331 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 0.25% of United Rentals worth $101,412,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. TruNorth Capital Management LLC increased its position in shares of United Rentals by 1,266.7% in the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock valued at $26,000 after buying an additional 38 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new position in shares of United Rentals during the 1st quarter worth $26,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of United Rentals by 69.0% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock worth $31,000 after purchasing an additional 20 shares during the period. Grove Bank & Trust purchased a new position in shares of United Rentals during the 1st quarter worth $36,000. Finally, NBC Securities Inc. purchased a new position in shares of United Rentals during the 1st quarter worth $40,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Stock Performance

NYSE:URI traded up $39.6690 during mid-day trading on Friday, reaching $929.7890. 767,803 shares of the stock were exchanged, compared to its average volume of 498,212. The company has a 50 day simple moving average of $821.49 and a 200-day simple moving average of $713.38. The stock has a market capitalization of $59.82 billion, a P/E ratio of 24.04, a P/E/G ratio of 2.15 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 1 year low of $525.91 and a 1 year high of $937.45.

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

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be paid a $1.79 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. United Rentals's payout ratio is 18.52%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. UBS Group increased their price target on United Rentals from $780.00 to $835.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Redburn Atlantic lowered United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 target price on the stock. in a research note on Friday, June 13th. Barclays increased their target price on United Rentals from $565.00 to $620.00 and gave the stock an "underweight" rating in a research note on Monday, July 21st. Morgan Stanley increased their target price on United Rentals from $702.00 to $955.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Finally, Bank of America increased their target price on United Rentals from $895.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. One 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $834.64.

United Rentals Company 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.