Los Angeles Capital Management LLC Lowers Stake in United Rentals, Inc. $URI

Los Angeles Capital Management LLC cut its stake in United Rentals, Inc. (NYSE:URI) by 29.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,828 shares of the construction company’s stock after selling 1,161 shares during the quarter. Los Angeles Capital Management LLC’s holdings in United Rentals were worth $2,131,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. New York State Common Retirement Fund raised its holdings in United Rentals by 6.6% in the first quarter. New York State Common Retirement Fund now owns 45,950 shares of the construction company’s stock worth $28,797,000 after purchasing an additional 2,862 shares in the last quarter. Sigma Planning Corp grew its position in shares of United Rentals by 19.9% in the 1st quarter. Sigma Planning Corp now owns 2,311 shares of the construction company’s stock worth $1,448,000 after buying an additional 383 shares during the last quarter. Apollon Wealth Management LLC raised its stake in shares of United Rentals by 11.1% during the 1st quarter. Apollon Wealth Management LLC now owns 1,449 shares of the construction company’s stock worth $908,000 after acquiring an additional 145 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of United Rentals by 4.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 23,462 shares of the construction company’s stock worth $14,703,000 after acquiring an additional 1,063 shares in the last quarter. Finally, Sage Mountain Advisors LLC purchased a new stake in United Rentals during the first quarter valued at approximately $205,000. 96.26% of the stock is owned by institutional investors.

United Rentals Stock Up 0.2%

United Rentals stock opened at $856.24 on Wednesday. The business’s 50-day simple moving average is $938.70 and its two-hundred day simple moving average is $837.36. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.84 and a current ratio of 0.90. The company has a market cap of $54.48 billion, a PE ratio of 22.02, a PEG ratio of 1.97 and a beta of 1.73. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $1,021.47.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, October 22nd. The construction company reported $11.70 EPS for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.16 billion. United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the firm earned $11.80 EPS. United Rentals has set its FY 2025 guidance at EPS. Equities analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on URI shares. UBS Group reaffirmed a “neutral” rating and set a $1,025.00 price target on shares of United Rentals in a research report on Tuesday, October 28th. BNP Paribas set a $900.00 target price on United Rentals and gave the stock a “neutral” rating in a research note on Tuesday, September 16th. Barclays reduced their target price on United Rentals from $620.00 to $600.00 and set an “underweight” rating on the stock in a research report on Monday, October 20th. Robert W. Baird raised United Rentals from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $888.00 to $1,050.00 in a report on Wednesday, October 1st. Finally, Sanford C. Bernstein set a $1,128.00 price objective on shares of United Rentals and gave the company an “outperform” rating in a report on Tuesday, September 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $974.47.

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.