United Rentals, Inc. $URI Shares Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in United Rentals by 35.7% during the second quarter, selling 3,511 shares and leaving it with 6,322 shares valued at approximately $4.76 million.
• Analysts have set target prices for United Rentals ranging from $565.00 to $1,150.00, with an average price target of $941.00, indicating a generally positive outlook on the stock.
• United Rentals recently announced a quarterly dividend of $1.79, representing an annualized yield of 0.7%, alongside a payout ratio of 18.52%.

Robeco Institutional Asset Management B.V. reduced its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 35.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,322 shares of the construction company's stock after selling 3,511 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in United Rentals were worth $4,763,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Precision Wealth Strategies LLC lifted its stake in shares of United Rentals by 5.7% during the second quarter. Precision Wealth Strategies LLC now owns 594 shares of the construction company's stock worth $448,000 after buying an additional 32 shares during the period. SOA Wealth Advisors LLC. lifted its stake in shares of United Rentals by 4.4% during the second quarter. SOA Wealth Advisors LLC. now owns 7,817 shares of the construction company's stock worth $5,889,000 after buying an additional 329 shares during the period. Forbes J M & Co. LLP acquired a new stake in shares of United Rentals during the second quarter worth $218,000. Cooper Financial Group raised its holdings in shares of United Rentals by 1.6% during the second quarter. Cooper Financial Group now owns 807 shares of the construction company's stock worth $608,000 after purchasing an additional 13 shares during the last quarter. Finally, Union Bancaire Privee UBP SA raised its holdings in shares of United Rentals by 45.7% during the second quarter. Union Bancaire Privee UBP SA now owns 21,344 shares of the construction company's stock worth $16,081,000 after purchasing an additional 6,693 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on URI. Sanford C. Bernstein set a $1,128.00 target price on shares of United Rentals and gave the stock an "outperform" rating in a report on Tuesday, September 23rd. Truist Financial raised their target price on shares of United Rentals from $786.00 to $952.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Barclays raised their target price on shares of United Rentals from $565.00 to $620.00 and gave the stock an "underweight" rating in a report on Monday, July 21st. JPMorgan Chase & Co. raised their target price on shares of United Rentals from $1,000.00 to $1,150.00 and gave the stock an "overweight" rating in a report on Monday, September 22nd. Finally, Redburn Atlantic cut shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 target price for the company. in a report on Friday, June 13th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $941.00.

United Rentals Stock Up 0.6%

URI opened at $986.21 on Tuesday. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $997.50. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86. The company has a fifty day moving average of $929.39 and a two-hundred day moving average of $777.32. The stock has a market capitalization of $63.45 billion, a price-to-earnings ratio of 25.50, a PEG ratio of 2.27 and a beta of 1.73.

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

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were issued a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $7.16 dividend on an annualized basis and a yield of 0.7%. 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.

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