Ceredex Value Advisors LLC Cuts Position in United Rentals, Inc. $URI

Ceredex Value Advisors LLC lessened its position in United Rentals, Inc. (NYSE:URI) by 5.9% in the 2nd quarter, Holdings Channel.com reports. The fund owned 98,566 shares of the construction company’s stock after selling 6,130 shares during the period. United Rentals comprises 1.6% of Ceredex Value Advisors LLC’s investment portfolio, making the stock its 7th largest holding. Ceredex Value Advisors LLC’s holdings in United Rentals were worth $74,260,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Flaharty Asset Management LLC bought a new stake in shares of United Rentals during the 1st quarter worth approximately $30,000. Maseco LLP bought a new stake in shares of United Rentals during the second quarter valued at approximately $32,000. Trust Co. of Toledo NA OH purchased a new position in United Rentals during the 2nd quarter worth $38,000. Clal Insurance Enterprises Holdings Ltd grew its position in shares of United Rentals by 560.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 66 shares of the construction company’s stock worth $41,000 after buying an additional 56 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in shares of United Rentals by 103.7% in the second quarter. Hantz Financial Services Inc. now owns 55 shares of the construction company’s stock valued at $42,000 after acquiring an additional 28 shares in the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on URI. Sanford C. Bernstein set a $1,128.00 price target on shares of United Rentals and gave the stock an “outperform” rating in a research report on Tuesday, September 23rd. Argus set a $935.00 target price on shares of United Rentals in a research note on Tuesday, August 12th. Citigroup reaffirmed a “buy” rating on shares of United Rentals in a report on Thursday, October 23rd. Royal Bank Of Canada set a $1,123.00 price objective on United Rentals in a research report on Friday, October 24th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of United Rentals in a research report on Friday, October 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $975.61.

United Rentals Price Performance

Shares of NYSE:URI opened at $814.91 on Friday. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $1,021.47. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.40. The company has a market cap of $51.85 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 1.97 and a beta of 1.73. The company’s 50 day moving average is $905.43 and its 200 day moving average is $848.35.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, October 22nd. The construction company reported $11.70 earnings per share for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). The company had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.16 billion. United Rentals had a net margin of 15.83% and a return on equity of 31.30%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $11.80 EPS. United Rentals has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were issued a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $7.16 dividend on an annualized basis and a yield of 0.9%. United Rentals’s payout ratio is presently 18.42%.

About United Rentals

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.