United Rentals, Inc. $URI Shares Sold by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. lessened its stake in United Rentals, Inc. (NYSE:URI) by 7.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,809 shares of the construction company’s stock after selling 397 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in United Rentals were worth $3,623,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. TruNorth Capital Management LLC raised its stake in shares of United Rentals by 1,266.7% in the 1st quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company’s stock valued at $26,000 after purchasing an additional 38 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new stake in United Rentals during the first quarter worth about $26,000. Maseco LLP acquired a new stake in United Rentals during the second quarter worth about $32,000. Flaharty Asset Management LLC acquired a new stake in United Rentals during the first quarter worth about $30,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in United Rentals by 69.0% during 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. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of NYSE:URI opened at $982.25 on Friday. The firm’s 50 day moving average is $927.68 and its two-hundred day moving average is $772.81. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $997.50. The firm has a market capitalization of $63.20 billion, a P/E ratio of 25.40, a PEG ratio of 2.26 and a beta of 1.73. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34.

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

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were issued a $1.79 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $7.16 annualized dividend and a dividend yield of 0.7%. United Rentals’s dividend payout ratio (DPR) is 18.52%.

Analyst Ratings Changes

Several research firms recently weighed in on URI. Morgan Stanley increased their price objective on shares of United Rentals from $702.00 to $955.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Argus set a $935.00 price objective on shares of United Rentals in a research note on Tuesday, August 12th. Barclays increased their price objective on shares of United Rentals from $565.00 to $620.00 and gave the stock an “underweight” rating in a research note on Monday, July 21st. BNP Paribas set a $900.00 price target on shares of United Rentals and gave the company a “neutral” rating in a research note on Tuesday, September 16th. Finally, UBS Group raised their price target on shares of United Rentals from $780.00 to $835.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, United Rentals currently has a consensus rating of “Moderate Buy” and an average target price of $941.00.

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.