United Rentals, Inc. $URI Shares Sold by Sigma Planning Corp

Sigma Planning Corp cut its stake in United Rentals, Inc. (NYSE:URI) by 2.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,246 shares of the construction company’s stock after selling 65 shares during the period. Sigma Planning Corp’s holdings in United Rentals were worth $1,692,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. EPG Wealth Management LLC raised its holdings in United Rentals by 6.3% in the second quarter. EPG Wealth Management LLC now owns 2,680 shares of the construction company’s stock valued at $2,019,000 after acquiring an additional 160 shares in the last quarter. State of Michigan Retirement System raised its holdings in United Rentals by 1.0% in the second quarter. State of Michigan Retirement System now owns 19,554 shares of the construction company’s stock valued at $14,732,000 after acquiring an additional 200 shares in the last quarter. iA Global Asset Management Inc. raised its holdings in United Rentals by 85.6% in the second quarter. iA Global Asset Management Inc. now owns 19,299 shares of the construction company’s stock valued at $14,540,000 after acquiring an additional 8,901 shares in the last quarter. Mission Wealth Management LP raised its holdings in United Rentals by 1.8% in the second quarter. Mission Wealth Management LP now owns 11,441 shares of the construction company’s stock valued at $8,619,000 after acquiring an additional 200 shares in the last quarter. Finally, GHP Investment Advisors Inc. raised its holdings in United Rentals by 8.4% in the second quarter. GHP Investment Advisors Inc. now owns 17,362 shares of the construction company’s stock valued at $13,081,000 after acquiring an additional 1,352 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on URI. Barclays dropped their target price on shares of United Rentals from $620.00 to $600.00 and set an “underweight” rating on the stock in a report on Monday, October 20th. Citigroup reissued a “buy” rating on shares of United Rentals in a report on Thursday, October 23rd. Baird R W raised shares of United Rentals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of United Rentals in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. increased their target price on shares of United Rentals from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Monday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $974.47.

United Rentals Stock Down 0.6%

URI stock opened at $852.40 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.40. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $1,021.47. The firm’s 50-day simple moving average is $949.36 and its 200 day simple moving average is $828.71. The stock has a market cap of $54.24 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 1.97 and a beta of 1.73.

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

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, November 12th. United Rentals’s dividend payout ratio is currently 18.42%.

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.