Venturi Wealth Management LLC Sells 190 Shares of United Rentals, Inc. $URI

Venturi Wealth Management LLC cut its holdings in United Rentals, Inc. (NYSE:URI) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,641 shares of the construction company’s stock after selling 190 shares during the period. Venturi Wealth Management LLC’s holdings in United Rentals were worth $17,057,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. NBC Securities Inc. bought a new position in shares of United Rentals during the first quarter valued at about $40,000. Patriot Financial Group Insurance Agency LLC raised its stake in shares of United Rentals by 13.1% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 913 shares of the construction company’s stock valued at $572,000 after acquiring an additional 106 shares during the last quarter. OLD National Bancorp IN raised its stake in shares of United Rentals by 3.2% during the first quarter. OLD National Bancorp IN now owns 839 shares of the construction company’s stock valued at $526,000 after acquiring an additional 26 shares during the last quarter. Park Avenue Securities LLC raised its stake in shares of United Rentals by 5.1% during the first quarter. Park Avenue Securities LLC now owns 1,818 shares of the construction company’s stock valued at $1,139,000 after acquiring an additional 88 shares during the last quarter. Finally, Daymark Wealth Partners LLC raised its stake in shares of United Rentals by 2.2% during the first quarter. Daymark Wealth Partners LLC now owns 1,491 shares of the construction company’s stock valued at $934,000 after acquiring an additional 32 shares during the last quarter. 96.26% of the stock is owned by institutional investors.

United Rentals Trading Up 0.0%

NYSE:URI opened at $987.78 on Wednesday. The company’s 50 day moving average price is $931.52 and its 200-day moving average price is $778.78. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $1,003.57. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. The stock has a market cap of $63.55 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 2.28 and a beta of 1.73.

United Rentals (NYSE:URI) last posted 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). United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The firm had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.90 billion. During the same quarter in the previous year, the company earned $10.70 EPS. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were issued 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 dividend yield of 0.7%. United Rentals’s dividend payout ratio is presently 18.52%.

Analyst Upgrades and Downgrades

URI has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of United Rentals from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Monday, September 22nd. Citigroup raised their price objective on shares of United Rentals from $1,000.00 to $1,080.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. BNP Paribas set a $900.00 price objective on shares of United Rentals and gave the stock a “neutral” rating in a report on Tuesday, September 16th. Sanford C. Bernstein set a $1,128.00 price objective on shares of United Rentals and gave the stock an “outperform” rating in a report on Tuesday, September 23rd. Finally, Barclays raised their price objective on shares of United Rentals from $565.00 to $620.00 and gave the stock an “underweight” rating in a report on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $941.00.

About United Rentals

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.