Vontobel Holding Ltd. Cuts Stake in United Rentals, Inc. $URI

Key Points

• Vontobel Holding Ltd. cut its stake in United Rentals, Inc. by 37.8%, reducing its holdings to 1,820 shares, valued at approximately $1.37 million.
• Institutional investors collectively own 96.26% of United Rentals, with significant increases in stakes reported by companies like JPMorgan Chase and Vanguard Group.
• Analysts have varying price targets for United Rentals, with KeyCorp raising its target to $1,120 and most analysts rating the stock as a Moderate Buy with an average target price of $956.13.

Vontobel Holding Ltd. reduced its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 37.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,820 shares of the construction company's stock after selling 1,108 shares during the period. Vontobel Holding Ltd.'s holdings in United Rentals were worth $1,371,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in United Rentals by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 7,422,036 shares of the construction company's stock worth $4,651,390,000 after acquiring an additional 29,501 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in United Rentals by 98.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company's stock worth $685,488,000 after acquiring an additional 541,579 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in United Rentals by 28.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 849,786 shares of the construction company's stock worth $532,561,000 after acquiring an additional 190,007 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in United Rentals by 22.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 661,251 shares of the construction company's stock worth $414,406,000 after acquiring an additional 120,449 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in United Rentals by 0.8% during the 1st quarter. Northern Trust Corp now owns 661,166 shares of the construction company's stock worth $414,353,000 after acquiring an additional 5,113 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on URI. KeyCorp boosted their price target on shares of United Rentals from $1,075.00 to $1,120.00 and gave the stock an "overweight" rating in a report on Thursday, September 25th. Argus set a $935.00 target price on shares of United Rentals in a report on Tuesday, August 12th. Barclays upped their target price on shares of United Rentals from $565.00 to $620.00 and gave the company an "underweight" rating in a report on Monday, July 21st. BNP Paribas Exane upgraded shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $900.00 target price for the company in a report on Tuesday, September 16th. Finally, Truist Financial upped their target price on shares of United Rentals from $952.00 to $1,194.00 and gave the company a "buy" rating in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, eleven have issued 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 an average target price of $956.13.

United Rentals Stock Down 2.9%

URI stock opened at $951.67 on Monday. The company has a fifty day moving average price of $937.56 and a 200 day moving average price of $786.57. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $1,004.92. The company has a market cap of $61.23 billion, a price-to-earnings ratio of 24.61, a price-to-earnings-growth ratio of 2.19 and a beta of 1.73. 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 (NYSE:URI - Get Free Report) last released its quarterly 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). United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The business had revenue of $3.94 billion during the quarter, compared to analysts' expectations of $3.90 billion. During the same quarter last year, the company earned $10.70 EPS. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. Sell-side 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 given a dividend of $1.79 per share. The ex-dividend date was Wednesday, August 13th. This represents a $7.16 dividend on an annualized basis and a yield of 0.8%. United Rentals's dividend payout ratio is presently 18.52%.

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.

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