SLT Holdings LLC Purchases 67 Shares of United Rentals, Inc. $URI

SLT Holdings LLC boosted its position in shares of United Rentals, Inc. (NYSE:URI) by 11.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 666 shares of the construction company’s stock after buying an additional 67 shares during the quarter. SLT Holdings LLC’s holdings in United Rentals were worth $502,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB increased its stake in United Rentals by 5.2% during the second 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. Cooper Financial Group increased its stake in United Rentals by 1.6% during the second quarter. Cooper Financial Group now owns 807 shares of the construction company’s stock valued at $608,000 after acquiring an additional 13 shares during the period. American Trust increased its stake in United Rentals by 1.1% during the first 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 stake in United Rentals by 2.5% during the second 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. Finally, Leavell Investment Management Inc. increased its stake in United Rentals by 3.6% during the first 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. 96.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on URI shares. Baird R W upgraded United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Weiss Ratings reiterated a “hold (c+)” rating on shares of United Rentals in a research note on Wednesday. BNP Paribas Exane upgraded 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. Bank of America upped their price objective on United Rentals from $895.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Finally, Robert W. Baird upgraded United Rentals from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $888.00 to $1,050.00 in a research note on Wednesday, October 1st. Two 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 given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $956.13.

United Rentals Stock Down 2.9%

NYSE URI opened at $951.67 on Friday. The firm has a market cap of $61.23 billion, a PE ratio of 24.61, a price-to-earnings-growth ratio of 2.27 and a beta of 1.73. United Rentals, Inc. has a one year low of $525.91 and a one year high of $1,004.92. The stock’s 50 day simple moving average is $937.56 and its 200 day simple moving average is $784.61. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing analysts’ consensus estimates of $10.54 by ($0.07). The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The firm’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company earned $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were given a dividend of $1.79 per share. The ex-dividend date was Wednesday, August 13th. This represents a $7.16 dividend on an annualized basis and a yield of 0.8%. United Rentals’s dividend payout ratio is 18.52%.

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.