United Rentals, Inc. $URI Shares Sold by Flputnam Investment Management Co.

Key Points

• Flputnam Investment Management Co. reduced its holdings in United Rentals by 63.7%, owning 3,518 shares after selling 6,164 shares in the first quarter.
• United Rentals reported a $10.47 EPS for the last quarter, missing analysts' expectations of $10.54, but showed a revenue increase of 4.5% year-over-year.
• Institutional ownership of United Rentals is high at 96.26%, with several large investors increasing their positions during the first quarter.

Flputnam Investment Management Co. decreased its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 63.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,518 shares of the construction company's stock after selling 6,164 shares during the quarter. Flputnam Investment Management Co.'s holdings in United Rentals were worth $2,205,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Centaurus Financial Inc. boosted its stake in shares of United Rentals by 1.7% during the 4th quarter. Centaurus Financial Inc. now owns 999 shares of the construction company's stock worth $704,000 after acquiring an additional 17 shares in the last quarter. Leavell Investment Management Inc. boosted its stake in shares of United Rentals by 3.6% during the 1st quarter. Leavell Investment Management Inc. now owns 515 shares of the construction company's stock worth $323,000 after acquiring an additional 18 shares in the last quarter. Baer Investment Advisory LLC boosted its stake in shares of United Rentals by 0.6% during the 1st quarter. Baer Investment Advisory LLC now owns 3,202 shares of the construction company's stock worth $2,007,000 after acquiring an additional 18 shares in the last quarter. HBK Sorce Advisory LLC boosted its stake in shares of United Rentals by 4.0% during the 1st quarter. HBK Sorce Advisory LLC now owns 490 shares of the construction company's stock worth $307,000 after acquiring an additional 19 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its stake in shares of United Rentals by 27.5% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 88 shares of the construction company's stock worth $55,000 after acquiring an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on URI. UBS Group boosted their price target on United Rentals from $780.00 to $835.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Bank of America lifted their price objective on United Rentals from $895.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Morgan Stanley lifted their price objective on United Rentals from $702.00 to $955.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Barclays lifted their price objective on United Rentals from $565.00 to $620.00 and gave the stock an "underweight" rating in a research report on Monday, July 21st. Finally, Argus set a $935.00 price objective on United Rentals in a research report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $842.86.

United Rentals Trading Up 1.2%

URI stock traded up $11.34 during midday trading on Friday, hitting $976.00. The stock had a trading volume of 440,181 shares, compared to its average volume of 471,557. The firm has a market cap of $62.80 billion, a PE ratio of 25.24, a price-to-earnings-growth ratio of 2.25 and a beta of 1.72. 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 12-month low of $525.91 and a 12-month high of $980.53. The company's 50-day moving average price is $868.94 and its 200 day moving average price is $729.03.

United Rentals (NYSE:URI - Get Free Report) last released its 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 firm 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 firm's revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. On average, equities research analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

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