United Rentals, Inc. $URI Shares Sold by 1248 Management LLC

1248 Management LLC trimmed its holdings in shares of United Rentals, Inc. (NYSE:URI) by 11.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,795 shares of the construction company’s stock after selling 237 shares during the quarter. 1248 Management LLC’s holdings in United Rentals were worth $1,125,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of URI. American Trust lifted its position in shares of United Rentals by 1.1% during the first quarter. American Trust now owns 1,242 shares of the construction company’s stock worth $778,000 after purchasing an additional 14 shares in the last quarter. Centaurus Financial Inc. lifted its position in shares of United Rentals by 1.7% during the fourth quarter. Centaurus Financial Inc. now owns 999 shares of the construction company’s stock worth $704,000 after purchasing an additional 17 shares in the last quarter. Leavell Investment Management Inc. lifted its position in shares of United Rentals by 3.6% during the first quarter. Leavell Investment Management Inc. now owns 515 shares of the construction company’s stock worth $323,000 after purchasing an additional 18 shares in the last quarter. Baer Investment Advisory LLC lifted its position in shares of United Rentals by 0.6% during the first quarter. Baer Investment Advisory LLC now owns 3,202 shares of the construction company’s stock worth $2,007,000 after purchasing an additional 18 shares in the last quarter. Finally, Hancock Whitney Corp lifted its position in shares of United Rentals by 1.1% during the first quarter. Hancock Whitney Corp now owns 1,724 shares of the construction company’s stock worth $1,080,000 after purchasing an additional 18 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Stock Up 1.6%

URI stock opened at $959.56 on Friday. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $980.53. The firm has a fifty day moving average price of $883.26 and a two-hundred day moving average price of $736.44. The firm has a market cap of $61.74 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 2.18 and a beta of 1.72.

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

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were paid a dividend of $1.79 per share. The ex-dividend date was Wednesday, August 13th. This represents a $7.16 annualized dividend and a yield of 0.7%. United Rentals’s payout ratio is presently 18.52%.

Analyst Ratings Changes

A number of research firms have recently commented on URI. Argus set a $935.00 target price on shares of United Rentals in a research report on Tuesday, August 12th. KeyCorp boosted their target price on shares of United Rentals from $960.00 to $1,075.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. UBS Group boosted their target price on shares of United Rentals from $780.00 to $835.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Citigroup restated a “buy” rating and issued a $810.00 price target (up previously from $740.00) on shares of United Rentals in a research note on Tuesday, June 24th. Finally, Redburn Atlantic lowered shares of United Rentals from a “buy” rating to a “neutral” rating and set a $760.00 price target for the company. in a research note on Friday, June 13th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, United Rentals currently has an average rating of “Moderate Buy” and a consensus price target of $842.86.

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.