United Rentals, Inc. $URI Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ reduced its position in shares of United Rentals, Inc. (NYSE:URI) by 22.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 19,125 shares of the construction company’s stock after selling 5,551 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in United Rentals were worth $14,409,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Vaughan Nelson Investment Management L.P. acquired a new position in shares of United Rentals during the 2nd quarter worth approximately $152,069,000. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of United Rentals in the second quarter valued at approximately $298,000. Vise Technologies Inc. purchased a new position in United Rentals during the second quarter worth approximately $7,514,000. Symphony Financial Ltd. Co. purchased a new stake in United Rentals in the 2nd quarter valued at $29,171,000. Finally, Access Investment Management LLC acquired a new stake in shares of United Rentals in the 2nd quarter worth $24,021,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Performance

NYSE:URI opened at $815.43 on Friday. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $1,021.47. 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 company has a 50 day moving average price of $902.91 and a 200 day moving average price of $849.93. The stock has a market capitalization of $51.89 billion, a P/E ratio of 20.97, a PEG ratio of 1.97 and a beta of 1.73.

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

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were paid a dividend of $1.79 per share. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $7.16 annualized dividend and a yield of 0.9%. United Rentals’s dividend payout ratio is presently 18.42%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. KeyCorp reissued an “overweight” rating on shares of United Rentals in a research report on Friday, October 24th. JPMorgan Chase & Co. lifted their target price on shares of United Rentals from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Monday, September 22nd. BNP Paribas Exane raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price target for the company in a research note on Tuesday, September 16th. Argus set a $935.00 price target on shares of United Rentals in a report on Tuesday, August 12th. Finally, Sanford C. Bernstein set a $1,128.00 price objective on United Rentals and gave the company an “outperform” rating in a report on Tuesday, September 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $975.61.

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.