United Rentals, Inc. $URI Shares Purchased by KLP Kapitalforvaltning AS

Key Points

• KLP Kapitalforvaltning AS increased its holdings in United Rentals, Inc. by 3.3% during the second quarter, bringing their total to 25,131 shares valued at approximately $18.93 million.
• Numerous institutional investors have made recent transactions in United Rentals, with 96.26% of the stock now owned by such entities.
• Wall Street analysts have mixed sentiments on United Rentals, with target prices ranging from $760 to $1,050 and a consensus rating of "Moderate Buy."

KLP Kapitalforvaltning AS raised its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 3.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,131 shares of the construction company's stock after buying an additional 800 shares during the period. KLP Kapitalforvaltning AS's holdings in United Rentals were worth $18,934,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of URI. NBC Securities Inc. acquired a new position in United Rentals during the first quarter valued at approximately $40,000. Park Avenue Securities LLC lifted its position in shares of United Rentals by 5.1% during the first quarter. Park Avenue Securities LLC now owns 1,818 shares of the construction company's stock worth $1,139,000 after purchasing an additional 88 shares in the last quarter. Daymark Wealth Partners LLC lifted its position in shares of United Rentals by 2.2% during the first quarter. Daymark Wealth Partners LLC now owns 1,491 shares of the construction company's stock worth $934,000 after purchasing an additional 32 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of United Rentals by 101.6% during the first quarter. Farther Finance Advisors LLC now owns 859 shares of the construction company's stock worth $543,000 after purchasing an additional 433 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of United Rentals by 24.1% during the first quarter. GAMMA Investing LLC now owns 1,416 shares of the construction company's stock worth $887,000 after purchasing an additional 275 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on URI shares. Redburn Atlantic cut shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 target price on the stock. in a research report on Friday, June 13th. Morgan Stanley boosted their target price on shares of United Rentals from $702.00 to $955.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. UBS Group boosted their target price on shares of United Rentals from $780.00 to $835.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Weiss Ratings restated a "hold (c+)" rating on shares of United Rentals in a research note on Wednesday. Finally, Robert W. Baird upgraded shares of United Rentals from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $888.00 to $1,050.00 in a research note on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $956.13.

United Rentals Stock Up 0.6%

URI stock opened at $994.89 on Thursday. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $1,004.92. The firm has a fifty day moving average price of $933.80 and a two-hundred day moving average price of $780.27. The firm has a market cap of $64.01 billion, a price-to-earnings ratio of 25.73, a PEG ratio of 2.29 and a beta of 1.73.

United Rentals (NYSE:URI - Get Free Report) last released 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 net margin of 16.11% and a return on equity of 32.01%. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter in the previous year, the firm earned $10.70 EPS. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. Research analysts predict that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were given a dividend of $1.79 per share. The ex-dividend date was Wednesday, August 13th. This represents a $7.16 annualized dividend and a dividend yield of 0.7%. United Rentals's dividend payout ratio is currently 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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