Smithfield Trust Co Has $370,000 Stake in United Rentals, Inc. $URI

Smithfield Trust Co boosted its stake in shares of United Rentals, Inc. (NYSE:URI) by 27.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 493 shares of the construction company’s stock after buying an additional 107 shares during the quarter. Smithfield Trust Co’s holdings in United Rentals were worth $370,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Sigma Planning Corp raised its position in shares of United Rentals by 19.9% during the first quarter. Sigma Planning Corp now owns 2,311 shares of the construction company’s stock worth $1,448,000 after acquiring an additional 383 shares during the last quarter. Apollon Wealth Management LLC boosted its holdings in United Rentals by 11.1% in the first quarter. Apollon Wealth Management LLC now owns 1,449 shares of the construction company’s stock valued at $908,000 after acquiring an additional 145 shares during the last quarter. Sage Mountain Advisors LLC acquired a new stake in United Rentals during the 1st quarter valued at approximately $205,000. Larson Financial Group LLC increased its position in United Rentals by 37.9% during the 1st quarter. Larson Financial Group LLC now owns 633 shares of the construction company’s stock valued at $397,000 after purchasing an additional 174 shares during the period. Finally, Summit X LLC raised its holdings in United Rentals by 44.2% during the 1st quarter. Summit X LLC now owns 597 shares of the construction company’s stock worth $374,000 after purchasing an additional 183 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on URI shares. Evercore ISI reaffirmed an “outperform” rating on shares of United Rentals in a research note on Tuesday, August 19th. Wells Fargo & Company initiated coverage on shares of United Rentals in a research note on Thursday. They set an “overweight” rating and a $995.00 target price for the company. Morgan Stanley upped their price target on shares of United Rentals from $702.00 to $955.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Argus set a $935.00 price target on United Rentals in a report on Tuesday, August 12th. Finally, JPMorgan Chase & Co. lifted their price objective on United Rentals from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Monday, September 22nd. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, United Rentals currently has a consensus rating of “Moderate Buy” and an average target price of $975.61.

United Rentals Trading Down 2.0%

NYSE:URI opened at $843.44 on Friday. United Rentals, Inc. has a 12 month low of $525.91 and a 12 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 stock has a market capitalization of $53.67 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 1.97 and a beta of 1.73. The firm has a fifty day simple moving average of $934.53 and a two-hundred day simple moving average of $837.56.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, October 22nd. The construction company reported $11.70 earnings per share (EPS) 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 the consensus estimate of $4.16 billion. United Rentals had a return on equity of 31.30% and a net margin of 15.83%.United Rentals’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the company earned $11.80 EPS. United Rentals has set its FY 2025 guidance at EPS. Analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be issued a $1.79 dividend. The ex-dividend date is Wednesday, November 12th. This represents a $7.16 annualized dividend and a yield of 0.8%. United Rentals’s dividend payout ratio is presently 18.42%.

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.