Aviva PLC Sells 22,553 Shares of United Rentals, Inc. $URI

Aviva PLC reduced its position in United Rentals, Inc. (NYSE:URI) by 17.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,154 shares of the construction company’s stock after selling 22,553 shares during the quarter. Aviva PLC’s holdings in United Rentals were worth $78,470,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in URI. Bank of Jackson Hole Trust increased its position in United Rentals by 12.0% during the 2nd quarter. Bank of Jackson Hole Trust now owns 112 shares of the construction company’s stock valued at $84,000 after purchasing an additional 12 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of United Rentals by 5.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the construction company’s stock valued at $199,000 after purchasing an additional 13 shares in the last quarter. Cooper Financial Group increased its holdings in United Rentals by 1.6% during the second quarter. Cooper Financial Group now owns 807 shares of the construction company’s stock valued at $608,000 after buying an additional 13 shares during the period. American Trust increased its holdings in United Rentals by 1.1% during the first quarter. American Trust now owns 1,242 shares of the construction company’s stock valued at $778,000 after buying an additional 14 shares during the period. Finally, CX Institutional raised its stake in United Rentals by 2.5% in the second quarter. CX Institutional now owns 585 shares of the construction company’s stock worth $441,000 after buying an additional 14 shares in the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on URI shares. Sanford C. Bernstein set a $1,128.00 target price on United Rentals and gave the company an “outperform” rating in a research report on Tuesday, September 23rd. Evercore ISI restated an “outperform” rating on shares of United Rentals in a research note on Tuesday, August 19th. Bank of America lifted their target price on United Rentals from $895.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Baird R W upgraded shares of United Rentals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, BNP Paribas Exane upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price target on the stock in a report on Tuesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $974.47.

United Rentals Trading Up 0.1%

United Rentals stock opened at $846.21 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.84 and a current ratio of 0.90. The stock has a market cap of $53.84 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of 1.97 and a beta of 1.73. The stock has a 50-day moving average of $942.78 and a two-hundred day moving average of $832.63. United Rentals, Inc. has a one year low of $525.91 and a one year high of $1,021.47.

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

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be issued a $1.79 dividend. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. United Rentals’s dividend payout ratio (DPR) is currently 18.42%.

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.