APG Asset Management N.V. Sells 1,987 Shares of United Rentals, Inc. $URI

Key Points

• APG Asset Management N.V. has reduced its stake in United Rentals, Inc. by 4.6%, bringing its total holdings to 40,870 shares valued at approximately $23.7 million.
• Analysts have issued revised price targets for United Rentals, with Morgan Stanley setting a new objective at $955.00, indicating a positive outlook on the stock.
• United Rentals reported a 4.5% increase in revenue year-over-year, although it missed EPS estimates for the last quarter by $0.07.

APG Asset Management N.V. lowered its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 4.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,870 shares of the construction company's stock after selling 1,987 shares during the period. APG Asset Management N.V. owned 0.06% of United Rentals worth $23,712,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Centaurus Financial Inc. raised its stake in United Rentals by 1.7% in the 4th quarter. Centaurus Financial Inc. now owns 999 shares of the construction company's stock worth $704,000 after purchasing an additional 17 shares in the last quarter. Leavell Investment Management Inc. raised its stake in United Rentals by 3.6% in the 1st quarter. Leavell Investment Management Inc. now owns 515 shares of the construction company's stock worth $323,000 after purchasing an additional 18 shares in the last quarter. Baer Investment Advisory LLC raised its stake in United Rentals by 0.6% in the 1st quarter. Baer Investment Advisory LLC now owns 3,202 shares of the construction company's stock worth $2,007,000 after purchasing an additional 18 shares in the last quarter. HBK Sorce Advisory LLC raised its stake in United Rentals by 4.0% in the 1st quarter. HBK Sorce Advisory LLC now owns 490 shares of the construction company's stock worth $307,000 after purchasing an additional 19 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC raised its stake in United Rentals by 27.5% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 88 shares of the construction company's stock worth $55,000 after purchasing an additional 19 shares in the last quarter. Institutional investors own 96.26% of the company's stock.

United Rentals Price Performance

NYSE:URI traded up $1.52 during trading hours on Friday, hitting $956.76. 273,476 shares of the stock traded hands, compared to its average volume of 641,905. The stock has a 50 day moving average price of $841.69 and a 200 day moving average price of $719.42. 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, Inc. has a 1 year low of $525.91 and a 1 year high of $961.16. The company has a market cap of $61.56 billion, a price-to-earnings ratio of 24.75, a price-to-earnings-growth ratio of 2.19 and a beta of 1.72.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings data 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 company had revenue of $3.94 billion for 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 firm's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the company earned $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. Sell-side analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were given 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 dividend payout ratio is 18.52%.

Analysts Set New Price Targets

Several brokerages have recently commented on URI. Barclays boosted their target price on shares of United Rentals from $565.00 to $620.00 and gave the company an "underweight" rating in a research report on Monday, July 21st. KeyCorp boosted their price target on shares of United Rentals from $960.00 to $1,075.00 and gave the stock an "overweight" rating in a research report on Friday. The Goldman Sachs Group boosted their target price on shares of United Rentals from $770.00 to $850.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. Truist Financial upped their price objective 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. Finally, Citigroup restated a "buy" rating and set a $810.00 price objective (up previously from $740.00) on shares of United Rentals in a report on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $842.86.

About United Rentals

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.