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

Vontobel Holding Ltd. lowered its position in shares of United Rentals, Inc. (NYSE:URI) by 37.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,820 shares of the construction company’s stock after selling 1,108 shares during the quarter. Vontobel Holding Ltd.’s holdings in United Rentals were worth $1,371,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in URI. Fourth Dimension Wealth LLC purchased a new position in shares of United Rentals in the 1st quarter valued at about $26,000. TruNorth Capital Management LLC increased its holdings in shares of United Rentals by 1,266.7% in the 1st quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company’s stock valued at $26,000 after purchasing an additional 38 shares in the last quarter. Flaharty Asset Management LLC purchased a new position in shares of United Rentals in the 1st quarter valued at about $30,000. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of United Rentals by 69.0% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company’s stock valued at $31,000 after purchasing an additional 20 shares in the last quarter. Finally, Maseco LLP purchased a new position in shares of United Rentals in the 2nd quarter valued at about $32,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on URI. Citigroup increased their price target on shares of United Rentals from $1,000.00 to $1,080.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Argus set a $935.00 price objective on shares of United Rentals in a research note on Tuesday, August 12th. Truist Financial increased their price objective on shares of United Rentals from $952.00 to $1,194.00 and gave the company a “buy” rating in a research note on Wednesday. Barclays increased their price objective on shares of United Rentals from $565.00 to $620.00 and gave the company an “underweight” rating in a research note on Monday, July 21st. Finally, Morgan Stanley increased their price objective on shares of United Rentals from $702.00 to $955.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $956.13.

United Rentals Price Performance

United Rentals stock opened at $951.67 on Monday. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $1,004.92. The stock has a market capitalization of $61.23 billion, a P/E ratio of 24.61, a P/E/G ratio of 2.19 and a beta of 1.73. The firm’s 50-day moving average is $937.56 and its two-hundred day moving average is $786.57. 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) last released its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.54 by ($0.07). United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.90 billion. During the same period in the prior year, the business earned $10.70 earnings per share. United Rentals’s revenue for the quarter was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. Equities analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 13th. United Rentals’s dividend payout ratio (DPR) is currently 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.