United Rentals, Inc. $URI Shares Sold by Atalanta Sosnoff Capital LLC

Key Points

• Atalanta Sosnoff Capital LLC significantly reduced its stake in United Rentals, Inc. by 86.2%, holding just 13,107 shares worth $8.2 million after selling over 82,000 shares in the first quarter.
• United Rentals reported earnings per share (EPS) of $10.47 for the last quarter, which was below analysts' expectations, despite a revenue boost to $3.94 billion, up 4.5% year over year.
• The company announced a quarterly dividend of $1.79, representing a 0.7% yield, with a payout ratio of 18.52%.

Atalanta Sosnoff Capital LLC lessened its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 86.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,107 shares of the construction company's stock after selling 82,033 shares during the quarter. Atalanta Sosnoff Capital LLC's holdings in United Rentals were worth $8,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. TruNorth Capital Management LLC raised its position in United Rentals by 1,266.7% in the 1st 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 position in shares of United Rentals during the 1st quarter valued at approximately $26,000. Migdal Insurance & Financial Holdings Ltd. grew its stake 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 valued at $31,000 after acquiring an additional 20 shares during the period. Grove Bank & Trust purchased a new position in United Rentals in the 1st quarter worth approximately $36,000. Finally, NBC Securities Inc. purchased a new position in United Rentals in the 1st quarter worth approximately $40,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

United Rentals Price Performance

Shares of United Rentals stock traded up $11.34 on Friday, reaching $976.00. The company's stock had a trading volume of 440,181 shares, compared to its average volume of 463,200. The company has a market capitalization of $62.80 billion, a P/E ratio of 25.24, a PEG ratio of 2.25 and a beta of 1.72. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $980.53. The stock has a 50-day moving average price of $868.94 and a 200-day moving average price of $728.79. 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 (NYSE:URI - Get Free Report) last posted 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). The business had revenue of $3.94 billion during the quarter, compared to analysts' expectations of $3.90 billion. United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm earned $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. Analysts expect that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were given a dividend of $1.79 per share. 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 payout ratio is presently 18.52%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on URI shares. The Goldman Sachs Group upped their price objective on United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Morgan Stanley upped their price objective on United Rentals from $702.00 to $955.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Bank of America increased their price target on United Rentals from $895.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. KeyCorp upped their price objective on United Rentals from $960.00 to $1,075.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. Finally, Evercore ISI restated an "outperform" rating on shares of United Rentals in a research note on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $842.86.

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.