Leuthold Group LLC Sells 1,022 Shares of United Rentals, Inc. $URI

Leuthold Group LLC reduced its stake in United Rentals, Inc. (NYSE:URI) by 7.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,883 shares of the construction company’s stock after selling 1,022 shares during the period. United Rentals accounts for 1.2% of Leuthold Group LLC’s holdings, making the stock its 20th biggest holding. Leuthold Group LLC’s holdings in United Rentals were worth $9,706,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in URI. Loomis Sayles & Co. L P bought a new stake in United Rentals in the 2nd quarter valued at about $28,000. Flaharty Asset Management LLC acquired a new stake in United Rentals in the first quarter valued at approximately $30,000. Maseco LLP bought a new stake in shares of United Rentals during the second quarter valued at approximately $32,000. Trust Co. of Toledo NA OH acquired a new position in shares of United Rentals during the second quarter worth approximately $38,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of United Rentals by 560.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 66 shares of the construction company’s stock worth $41,000 after purchasing an additional 56 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Trading Up 0.1%

Shares of United Rentals stock opened at $815.43 on Friday. The firm has a market cap of $51.89 billion, a PE ratio of 20.97, a P/E/G ratio of 1.97 and a beta of 1.73. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $1,021.47. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.90 and a quick ratio of 0.84. The stock has a fifty day moving average price of $902.91 and a 200-day moving average price of $849.93.

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

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were paid a dividend of $1.79 per share. The ex-dividend date was Wednesday, November 12th. This represents a $7.16 annualized dividend and a dividend yield of 0.9%. United Rentals’s dividend payout ratio (DPR) is presently 18.42%.

Analyst Ratings Changes

URI has been the topic of a number of recent research reports. KeyCorp reaffirmed an “overweight” rating on shares of United Rentals in a research note on Friday, October 24th. 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 target for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of United Rentals in a report on Wednesday, October 8th. Sanford C. Bernstein set a $1,128.00 price objective on United Rentals and gave the stock an “outperform” rating in a research note on Tuesday, September 23rd. Finally, Argus set a $935.00 target price on United Rentals in a research report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, United Rentals currently has a consensus rating of “Moderate Buy” and a consensus target price of $975.61.

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.