Nordea Investment Management AB Purchases 44,854 Shares of United Rentals, Inc. $URI

Nordea Investment Management AB raised its stake in United Rentals, Inc. (NYSE:URI) by 6.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 749,276 shares of the construction company’s stock after acquiring an additional 44,854 shares during the quarter. Nordea Investment Management AB owned approximately 1.16% of United Rentals worth $565,374,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in URI. GAMMA Investing LLC lifted its holdings in shares of United Rentals by 24.1% in the first quarter. GAMMA Investing LLC now owns 1,416 shares of the construction company’s stock worth $887,000 after acquiring an additional 275 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of United Rentals by 12.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,160 shares of the construction company’s stock worth $4,488,000 after acquiring an additional 789 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new position in shares of United Rentals in the first quarter worth about $602,000. Janney Montgomery Scott LLC lifted its holdings in shares of United Rentals by 10.3% in the first quarter. Janney Montgomery Scott LLC now owns 28,894 shares of the construction company’s stock worth $18,108,000 after acquiring an additional 2,702 shares during the last quarter. Finally, Sagespring Wealth Partners LLC lifted its holdings in shares of United Rentals by 13.4% in the first quarter. Sagespring Wealth Partners LLC now owns 532 shares of the construction company’s stock worth $333,000 after acquiring an additional 63 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Performance

NYSE:URI opened at $1,005.61 on Friday. The company has a market capitalization of $64.70 billion, a PE ratio of 26.00, a P/E/G ratio of 2.35 and a beta of 1.73. The company has a 50 day simple moving average of $948.48 and a two-hundred day simple moving average of $794.67. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $1,021.47.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share for the quarter, missing analysts’ consensus estimates of $10.54 by ($0.07). The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.90 billion. United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. Research analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were given a dividend of $1.79 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $7.16 annualized dividend and a dividend yield of 0.7%. United Rentals’s dividend payout ratio (DPR) is 18.52%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on URI. Baird R W raised shares of United Rentals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Truist Financial increased their target price on shares of United Rentals from $952.00 to $1,194.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price objective on United Rentals from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Monday, September 22nd. Barclays upped their price objective on United Rentals from $565.00 to $620.00 and gave the company an “underweight” rating in a research note on Monday, July 21st. Finally, Sanford C. Bernstein set a $1,128.00 price objective on United Rentals and gave the company an “outperform” rating in a research note on Tuesday, September 23rd. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $956.13.

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.