Fjarde AP Fonden Fourth Swedish National Pension Fund Trims Stake in United Rentals, Inc. $URI

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in United Rentals by 19.8%, holding 8,526 shares valued at $5.34 million at the end of the last quarter.
• Analysts have varied views on United Rentals, with target prices ranging from $834.64 to $974.00, indicating a consensus rating of "Moderate Buy."
• United Rentals announced a quarterly dividend of $1.79, providing a dividend yield of 0.8% and representing a payout ratio of 18.52%.

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 19.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,526 shares of the construction company's stock after selling 2,100 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in United Rentals were worth $5,343,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Elevation Point Wealth Partners LLC increased its stake in United Rentals by 32.9% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 2,220 shares of the construction company's stock worth $1,391,000 after acquiring an additional 550 shares during the last quarter. Dynamic Advisor Solutions LLC purchased a new position in shares of United Rentals in the first quarter valued at $602,000. Wealth Enhancement Advisory Services LLC grew its holdings 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 purchasing an additional 789 shares in the last quarter. Farther Finance Advisors LLC grew its holdings 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 purchasing an additional 433 shares in the last quarter. Finally, Brookwood Investment Group LLC purchased a new position in shares of United Rentals in the first quarter valued at $2,966,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on URI shares. The Goldman Sachs Group raised their target price on shares of United Rentals from $770.00 to $850.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Robert W. Baird raised their price objective on United Rentals from $535.00 to $571.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. Barclays raised their price objective on United Rentals from $565.00 to $620.00 and gave the company an "underweight" rating in a research note on Monday, July 21st. Cfra Research raised United Rentals to a "strong-buy" rating in a research note on Friday, April 25th. Finally, UBS Group raised their price objective on United Rentals from $780.00 to $835.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $834.64.

United Rentals Trading Up 0.2%

Shares of URI traded up $2.2220 during trading hours on Tuesday, reaching $916.2620. 306,038 shares of the company traded hands, compared to its average volume of 648,187. The stock's fifty day moving average price is $805.67 and its 200 day moving average price is $708.78. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34. The firm has a market cap of $58.95 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 2.10 and a beta of 1.72. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $933.32.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing the consensus estimate of $10.54 by ($0.07). The company had revenue of $3.94 billion during 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% on a year-over-year basis. During the same period in the prior year, the business earned $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. Sell-side analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The business 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. This represents a $7.16 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 13th. United Rentals's dividend payout ratio (DPR) is currently 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.