AlphaQuest LLC Decreases Stake in United Rentals, Inc. $URI

AlphaQuest LLC lowered its stake in United Rentals, Inc. (NYSE:URI) by 48.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 770 shares of the construction company’s stock after selling 723 shares during the period. AlphaQuest LLC’s holdings in United Rentals were worth $580,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in URI. TruNorth Capital Management LLC increased its stake in shares of United Rentals by 1,266.7% in the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company’s stock worth $26,000 after acquiring an additional 38 shares during the period. Flaharty Asset Management LLC acquired a new stake in shares of United Rentals in the first quarter worth $30,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of United Rentals by 69.0% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company’s stock worth $31,000 after acquiring an additional 20 shares during the period. Maseco LLP acquired a new stake in shares of United Rentals in the second quarter worth $32,000. Finally, Trust Co. of Toledo NA OH acquired a new stake in shares of United Rentals in the second quarter worth $38,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Stock Performance

NYSE:URI opened at $877.20 on Wednesday. The company’s 50-day moving average price is $955.20 and its 200-day moving average price is $817.52. 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 $55.82 billion, a P/E ratio of 22.56, a P/E/G ratio of 2.03 and a beta of 1.73. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $1,021.47.

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

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be paid a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 12th. United Rentals’s dividend payout ratio (DPR) is currently 18.42%.

Analyst Upgrades and Downgrades

URI has been the topic of a number of research reports. BNP Paribas Exane upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price objective on the stock in a research note on Tuesday, September 16th. Evercore ISI restated an “outperform” rating on shares of United Rentals in a research report on Tuesday, August 19th. Truist Financial set a $1,169.00 price target on shares of United Rentals in a research report on Friday. Baird R W upgraded shares of United Rentals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, Barclays dropped their price target on shares of United Rentals from $620.00 to $600.00 and set an “underweight” rating on the stock in a research report on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $974.47.

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.