Aviva PLC Decreases Stake in United Rentals, Inc. $URI

Aviva PLC lessened its position in shares of United Rentals, Inc. (NYSE:URI) by 17.8% in the 2nd quarter, according to its most recent 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 owned about 0.16% of United Rentals worth $78,470,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. TruNorth Capital Management LLC grew its holdings in shares of United Rentals by 1,266.7% in the first 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 bought a new position in United Rentals during the first quarter valued at $30,000. Migdal Insurance & Financial Holdings Ltd. grew its stake 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 worth $31,000 after buying an additional 20 shares in the last quarter. Maseco LLP bought a new stake in shares of United Rentals in the 2nd quarter worth about $32,000. Finally, Trust Co. of Toledo NA OH purchased a new stake in shares of United Rentals during the 2nd quarter valued at about $38,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Stock Performance

Shares of United Rentals stock opened at $846.21 on Friday. 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 stock’s fifty day moving average is $942.78 and its two-hundred day moving average is $832.63. 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 $53.84 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of 1.97 and a beta of 1.73.

United Rentals (NYSE:URI) last released its earnings results 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 business had revenue of $4.23 billion for 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% compared to the same quarter last year. During the same quarter last year, the business posted $11.80 earnings per share. United Rentals has set its FY 2025 guidance at EPS. As a group, analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

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

Analyst Upgrades and Downgrades

URI has been the subject of several recent research reports. BNP Paribas Exane upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price target for the company in a research report on Tuesday, September 16th. BNP Paribas set a $900.00 target price on United Rentals and gave the stock a “neutral” rating in a report on Tuesday, September 16th. Morgan Stanley increased their price target on United Rentals from $702.00 to $955.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Truist Financial set a $1,169.00 price objective on shares of United Rentals in a research note on Friday, October 24th. Finally, Evercore ISI reiterated an “outperform” rating on shares of United Rentals in a research report on Tuesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $974.47.

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.