International Assets Investment Management LLC Sells 120 Shares of United Rentals, Inc. $URI

International Assets Investment Management LLC lessened its position in shares of United Rentals, Inc. (NYSE:URI) by 7.0% in the second quarter, Holdings Channel.com reports. The firm owned 1,586 shares of the construction company’s stock after selling 120 shares during the period. International Assets Investment Management LLC’s holdings in United Rentals were worth $1,195,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in URI. Nuveen LLC bought a new position in United Rentals during the 1st quarter worth about $402,291,000. JPMorgan Chase & Co. boosted its stake in shares of 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 buying an additional 541,579 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of United Rentals during the 2nd quarter worth about $152,069,000. The Manufacturers Life Insurance Company boosted its stake in shares of 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 buying an additional 190,007 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of 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 buying an additional 120,449 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Trading Down 2.6%

Shares of NYSE:URI opened at $979.96 on Monday. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $1,021.47. The company has a market capitalization of $63.05 billion, a P/E ratio of 25.34, a price-to-earnings-growth ratio of 2.26 and a beta of 1.73. The company has a 50-day simple moving average of $950.90 and a 200 day simple moving average of $799.56. 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 (NYSE:URI) last issued its quarterly earnings data 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). The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The company’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business earned $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. Sell-side analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The business 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 annualized dividend and a yield of 0.7%. United Rentals’s dividend payout ratio (DPR) is 18.52%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Sanford C. Bernstein set a $1,128.00 price objective on shares of United Rentals and gave the stock an “outperform” rating in a research note on Tuesday, September 23rd. Bank of America increased their price objective on shares of United Rentals from $895.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. KeyCorp increased their price objective on shares of United Rentals from $1,075.00 to $1,120.00 and gave the stock an “overweight” rating in a research note on Thursday, September 25th. Weiss Ratings restated a “hold (c+)” rating on shares of United Rentals in a research note on Wednesday, October 8th. Finally, Argus set a $935.00 target price on shares of United Rentals in a research note on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, United Rentals currently 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.