Jefferies Financial Group Inc. Sells 4,828 Shares of United Rentals, Inc. $URI

Jefferies Financial Group Inc. decreased its position in United Rentals, Inc. (NYSE:URI) by 74.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,672 shares of the construction company’s stock after selling 4,828 shares during the quarter. Jefferies Financial Group Inc.’s holdings in United Rentals were worth $1,260,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Assetmark Inc. increased its position in United Rentals by 2.1% during the 1st quarter. Assetmark Inc. now owns 1,533 shares of the construction company’s stock worth $961,000 after buying an additional 31 shares during the period. LPL Financial LLC increased its position in United Rentals by 5.3% during the first quarter. LPL Financial LLC now owns 143,316 shares of the construction company’s stock worth $89,816,000 after acquiring an additional 7,229 shares during the period. Mackenzie Financial Corp increased its position in United Rentals by 2.0% during the first quarter. Mackenzie Financial Corp now owns 29,768 shares of the construction company’s stock worth $18,656,000 after acquiring an additional 586 shares during the period. Foundations Investment Advisors LLC raised its stake in United Rentals by 14.1% in the 1st quarter. Foundations Investment Advisors LLC now owns 817 shares of the construction company’s stock worth $512,000 after purchasing an additional 101 shares in the last quarter. Finally, Meeder Advisory Services Inc. boosted its holdings in United Rentals by 7.7% in the 1st quarter. Meeder Advisory Services Inc. now owns 2,555 shares of the construction company’s stock valued at $1,601,000 after purchasing an additional 182 shares during the period. 96.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

URI has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of United Rentals in a report on Wednesday, October 8th. Wells Fargo & Company initiated coverage on United Rentals in a research note on Thursday, November 13th. They set an “overweight” rating and a $995.00 price objective on the stock. Evercore ISI reaffirmed an “outperform” rating on shares of United Rentals in a report on Tuesday, August 19th. BNP Paribas set a $900.00 target price on United Rentals and gave the stock a “neutral” rating in a report on Tuesday, September 16th. Finally, KeyCorp restated an “overweight” rating on shares of United Rentals in a research report on Friday, October 24th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, United Rentals presently has an average rating of “Moderate Buy” and an average price target of $975.61.

United Rentals Trading Up 0.6%

Shares of URI opened at $814.91 on Thursday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.84 and a current ratio of 0.90. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $1,021.47. The firm has a market cap of $51.85 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 1.97 and a beta of 1.73. The business’s fifty day moving average is $907.99 and its 200-day moving average is $848.58.

United Rentals (NYSE:URI) last announced its quarterly earnings data 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). United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter in the prior year, the company earned $11.80 earnings per share. United Rentals’s quarterly revenue was up 5.9% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. Equities analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were issued 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 dividend yield of 0.9%. United Rentals’s payout ratio is 18.42%.

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.