Dumont & Blake Investment Advisors LLC Lowers Holdings in United Rentals, Inc. $URI

Dumont & Blake Investment Advisors LLC decreased its holdings in United Rentals, Inc. (NYSE:URI) by 0.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,205 shares of the construction company’s stock after selling 21 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in United Rentals were worth $1,661,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in URI. GAMMA Investing LLC boosted its stake in shares of United Rentals by 24.1% in the first quarter. GAMMA Investing LLC now owns 1,416 shares of the construction company’s stock valued at $887,000 after purchasing an additional 275 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of United Rentals by 12.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,160 shares of the construction company’s stock valued at $4,488,000 after purchasing an additional 789 shares during the period. Johnson Investment Counsel Inc. boosted its stake in shares of United Rentals by 21.1% in the first quarter. Johnson Investment Counsel Inc. now owns 362 shares of the construction company’s stock valued at $227,000 after purchasing an additional 63 shares during the period. Retirement Systems of Alabama boosted its stake in shares of United Rentals by 33.3% in the first quarter. Retirement Systems of Alabama now owns 67,961 shares of the construction company’s stock valued at $42,591,000 after purchasing an additional 16,985 shares during the period. Finally, Advisor Resource Council purchased a new position in shares of United Rentals in the first quarter valued at approximately $369,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Stock Down 2.6%

URI stock opened at $979.96 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $1,021.47. The company’s 50 day moving average is $950.90 and its two-hundred day moving average is $798.11. The stock has a market cap of $63.05 billion, a P/E ratio of 25.34, a PEG ratio of 2.26 and a beta of 1.73.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 earnings per share for the quarter, missing analysts’ consensus estimates 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 in the previous year, the business posted $10.70 EPS. The firm’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. Research analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were issued a dividend of $1.79 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $7.16 dividend on an annualized basis and a yield of 0.7%. United Rentals’s dividend payout ratio (DPR) is presently 18.52%.

Wall Street Analysts Forecast Growth

URI has been the subject of several recent research reports. UBS Group raised their price objective on shares of United Rentals from $780.00 to $835.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Barclays raised their target price on shares of United Rentals from $565.00 to $620.00 and gave the company an “underweight” rating in a report on Monday, July 21st. Sanford C. Bernstein set a $1,128.00 target price on shares of United Rentals and gave the company an “outperform” rating in a report on Tuesday, September 23rd. Robert W. Baird raised shares of United Rentals from a “neutral” rating to an “outperform” rating and raised their target price for the company from $888.00 to $1,050.00 in a report on Wednesday, October 1st. Finally, KeyCorp raised their target price on shares of United Rentals from $1,075.00 to $1,120.00 and gave the company an “overweight” rating in a report on Thursday, September 25th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $956.13.

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.