United Rentals, Inc. $URI Shares Sold by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management lowered its holdings in United Rentals, Inc. ($URI) by 4.8%, now owning approximately $325.6 million worth of shares after selling 26,219 shares.
• Analysts have generally positive outlooks for United Rentals, with multiple firms raising their price targets, including Barclays and Bank of America, with an average target of $842.86.
• The company reported a quarterly revenue of $3.94 billion but missed earnings per share estimates, stating $10.47 EPS against a predicted $10.54.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lessened its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 4.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 519,619 shares of the construction company's stock after selling 26,219 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.80% of United Rentals worth $325,645,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. TruNorth Capital Management LLC boosted its stake in shares of United Rentals by 1,266.7% during the 1st quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock valued at $26,000 after buying an additional 38 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new stake in United Rentals in the first quarter valued at $26,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in 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 last quarter. Grove Bank & Trust bought a new position in United Rentals during the 1st quarter valued at $36,000. Finally, NBC Securities Inc. acquired a new position in United Rentals during the 1st quarter worth $40,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on URI. Bank of America upped their target price on shares of United Rentals from $895.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Evercore ISI reissued an "outperform" rating on shares of United Rentals in a report on Tuesday, August 19th. UBS Group upped 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. Redburn Atlantic downgraded United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 target price on the stock. in a report on Friday, June 13th. Finally, KeyCorp boosted their price target on United Rentals from $960.00 to $1,075.00 and gave the company an "overweight" rating in a report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $842.86.

United Rentals Stock Performance

URI traded down $20.98 during trading on Friday, reaching $938.61. 534,834 shares of the company were exchanged, compared to its average volume of 461,173. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $980.53. 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 50 day moving average of $886.34 and a 200 day moving average of $739.17. The stock has a market cap of $60.39 billion, a P/E ratio of 24.27, a PEG ratio of 2.22 and a beta of 1.72.

United Rentals (NYSE:URI - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $10.54 by ($0.07). The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.90 billion. United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The business's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that United Rentals, Inc. will post 44.8 EPS 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 dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 0.8%. 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.