United Rentals, Inc. $URI Shares Sold by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc lowered its position in United Rentals, Inc. (NYSE:URI) by 24.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,100 shares of the construction company’s stock after selling 1,000 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in United Rentals were worth $2,336,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas lifted its stake in shares of United Rentals by 18.7% during the first quarter. Teacher Retirement System of Texas now owns 9,598 shares of the construction company’s stock worth $6,015,000 after purchasing an additional 1,515 shares in the last quarter. Mutual Advisors LLC lifted its stake in shares of United Rentals by 63.0% during the first quarter. Mutual Advisors LLC now owns 507 shares of the construction company’s stock worth $321,000 after purchasing an additional 196 shares in the last quarter. OneDigital Investment Advisors LLC lifted its stake in shares of United Rentals by 46.9% during the first quarter. OneDigital Investment Advisors LLC now owns 1,009 shares of the construction company’s stock worth $632,000 after purchasing an additional 322 shares in the last quarter. IFM Investors Pty Ltd lifted its stake in shares of United Rentals by 8.2% during the first quarter. IFM Investors Pty Ltd now owns 14,578 shares of the construction company’s stock worth $9,136,000 after purchasing an additional 1,099 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of United Rentals during the first quarter worth about $226,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Stock Performance

Shares of URI stock opened at $873.07 on Monday. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $1,021.47. The firm has a market capitalization of $55.55 billion, a price-to-earnings ratio of 22.46, a price-to-earnings-growth ratio of 1.97 and a beta of 1.73. The business has a 50 day simple moving average of $952.84 and a 200 day simple moving average of $824.99. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.90 and a quick ratio of 0.84.

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

United Rentals Announces Dividend

The firm also recently announced 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. The ex-dividend date is Wednesday, November 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. United Rentals’s dividend payout ratio is presently 18.42%.

Analysts Set New Price Targets

A number of brokerages have commented on URI. Royal Bank Of Canada set a $1,123.00 price objective on United Rentals in a research note on Friday, October 24th. BNP Paribas set a $900.00 price objective on United Rentals and gave the stock a “neutral” rating in a research note on Tuesday, September 16th. Baird R W raised United Rentals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Morgan Stanley lifted their target price on United Rentals from $702.00 to $955.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Finally, Sanford C. Bernstein set a $1,128.00 target price on United Rentals and gave the stock an “outperform” rating in a research report on Tuesday, September 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.