Forsta AP Fonden Sells 400 Shares of United Rentals, Inc. $URI

Forsta AP Fonden reduced its position in United Rentals, Inc. (NYSE:URI) by 2.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,800 shares of the construction company’s stock after selling 400 shares during the quarter. Forsta AP Fonden’s holdings in United Rentals were worth $10,397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in URI. Bank of Jackson Hole Trust increased its holdings in United Rentals by 12.0% in the 2nd quarter. Bank of Jackson Hole Trust now owns 112 shares of the construction company’s stock worth $84,000 after acquiring an additional 12 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in United Rentals by 5.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the construction company’s stock worth $199,000 after purchasing an additional 13 shares during the period. Cooper Financial Group boosted its position in 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 period. American Trust increased its stake in shares of United Rentals by 1.1% in the first quarter. American Trust now owns 1,242 shares of the construction company’s stock worth $778,000 after purchasing an additional 14 shares in the last quarter. Finally, CX Institutional raised its position in shares of United Rentals by 2.5% in the second quarter. CX Institutional now owns 585 shares of the construction company’s stock valued at $441,000 after purchasing an additional 14 shares during the period. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of United Rentals in a research note on Wednesday, October 8th. Evercore ISI reaffirmed an “outperform” rating on shares of United Rentals in a report on Tuesday, August 19th. Bank of America boosted their price objective on United Rentals from $895.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Morgan Stanley increased their price objective on United Rentals from $702.00 to $955.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Finally, Baird R W raised United Rentals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, United Rentals presently has an average rating of “Moderate Buy” and a consensus target price of $975.61.

United Rentals Stock Performance

NYSE:URI opened at $843.44 on Friday. The stock has a market cap of $53.67 billion, a P/E ratio of 21.69, a PEG ratio of 1.97 and a beta of 1.73. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.40. The business’s 50-day moving average price is $934.53 and its two-hundred day moving average price is $837.56. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $1,021.47.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, October 22nd. The construction company reported $11.70 earnings per share for the quarter, missing the consensus estimate of $12.43 by ($0.73). The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.16 billion. United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the company posted $11.80 earnings per share. United Rentals has set its FY 2025 guidance at EPS. As a group, equities analysts predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be given a dividend of $1.79 per share. The ex-dividend date is Wednesday, November 12th. This represents a $7.16 annualized dividend and a dividend yield of 0.8%. United Rentals’s dividend payout ratio (DPR) is 18.42%.

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.