Dorsey & Whitney Trust CO LLC Sells 28 Shares of United Rentals, Inc. $URI

Dorsey & Whitney Trust CO LLC lowered its stake in shares of United Rentals, Inc. (NYSE:URI) by 4.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 540 shares of the construction company’s stock after selling 28 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in United Rentals were worth $338,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Erste Asset Management GmbH increased its holdings in shares of United Rentals by 5.1% during the 1st quarter. Erste Asset Management GmbH now owns 2,937 shares of the construction company’s stock worth $1,843,000 after acquiring an additional 143 shares during the last quarter. HMS Capital Management LLC acquired a new position in shares of United Rentals during the 1st quarter worth approximately $921,000. EntryPoint Capital LLC acquired a new position in shares of United Rentals during the 1st quarter worth approximately $299,000. Venture Visionary Partners LLC increased its holdings in shares of United Rentals by 60.8% during the 1st quarter. Venture Visionary Partners LLC now owns 3,239 shares of the construction company’s stock worth $2,030,000 after acquiring an additional 1,225 shares during the last quarter. Finally, Credit Agricole S A increased its holdings in shares of United Rentals by 14.4% during the 1st quarter. Credit Agricole S A now owns 33,117 shares of the construction company’s stock worth $20,754,000 after acquiring an additional 4,157 shares during the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Stock Up 4.5%

URI stock opened at $929.7890 on Friday. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80. The stock has a market capitalization of $59.82 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 2.06 and a beta of 1.72. The business’s fifty day moving average price is $821.49 and its two-hundred day moving average price is $713.79. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $937.45.

United Rentals (NYSE:URI) last released its 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 company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.90 billion. During the same period last year, the company posted $10.70 earnings per share. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. On average, equities 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 declared a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be given a $1.79 dividend. The ex-dividend date is Wednesday, August 13th. 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 presently 18.52%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on URI. Cfra Research raised United Rentals to a “strong-buy” rating in a report on Friday, April 25th. UBS Group boosted their target price on United Rentals from $780.00 to $835.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Argus set a $935.00 price objective on United Rentals in a report on Tuesday, August 12th. Morgan Stanley increased their price objective on United Rentals from $702.00 to $955.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Finally, KeyCorp increased their price objective on United Rentals from $865.00 to $960.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $834.64.

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.