United Rentals, Inc. $URI Shares Sold by HB Wealth Management LLC

HB Wealth Management LLC reduced its position in shares of United Rentals, Inc. (NYSE:URI) by 25.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 4,818 shares of the construction company’s stock after selling 1,607 shares during the quarter. HB Wealth Management LLC’s holdings in United Rentals were worth $3,631,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of URI. MassMutual Private Wealth & Trust FSB increased its holdings in shares of United Rentals by 5.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the construction company’s stock valued at $199,000 after acquiring an additional 13 shares during the period. American Trust increased its holdings in shares of United Rentals by 1.1% in the 1st quarter. American Trust now owns 1,242 shares of the construction company’s stock valued at $778,000 after acquiring an additional 14 shares during the period. CX Institutional increased its holdings in shares of United Rentals by 2.5% in the 2nd quarter. CX Institutional now owns 585 shares of the construction company’s stock valued at $441,000 after acquiring an additional 14 shares during the period. Leavell Investment Management Inc. increased its holdings in shares of United Rentals by 3.6% in the 1st quarter. Leavell Investment Management Inc. now owns 515 shares of the construction company’s stock valued at $323,000 after acquiring an additional 18 shares during the period. Finally, Baer Investment Advisory LLC increased its holdings in shares of United Rentals by 0.6% in the 1st quarter. Baer Investment Advisory LLC now owns 3,202 shares of the construction company’s stock valued at $2,007,000 after acquiring an additional 18 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Price Performance

Shares of NYSE URI opened at $962.67 on Thursday. The firm has a market capitalization of $61.94 billion, a P/E ratio of 24.89, a PEG ratio of 2.21 and a beta of 1.73. United Rentals, Inc. has a one year low of $525.91 and a one year high of $980.53. The company’s fifty day moving average is $923.75 and its two-hundred day moving average is $767.78. 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 earnings results on Wednesday, July 23rd. The construction company reported $10.47 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 analysts’ expectations of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%.United Rentals’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. Analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were given a $1.79 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $7.16 annualized dividend and a dividend yield of 0.7%. United Rentals’s payout ratio is currently 18.52%.

Analyst Ratings Changes

Several equities analysts have issued reports on URI shares. Redburn Atlantic cut shares of United Rentals from a “buy” rating to a “neutral” rating and set a $760.00 price objective on the stock. in a research note on Friday, June 13th. Truist Financial boosted their price objective on shares of United Rentals from $786.00 to $952.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Morgan Stanley boosted their price objective on shares of United Rentals from $702.00 to $955.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. BNP Paribas set a $900.00 price objective on shares of United Rentals and gave the company a “neutral” rating in a research note on Tuesday, September 16th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of 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. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, United Rentals currently has an average rating of “Moderate Buy” and an average price target of $941.00.

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.